At the Meeting of Rimini, Fabio Panetta, Governor of the Bank of Italy, highlighted the pressing economic challenges facing Italy and Europe.

He emphasized the need for greater integration within the European Union to tackle issues such as high public debt, low productivity, and demographic decline.

Panetta pointed out that Italy's public spending on debt interest is nearly equivalent to its education budget, which limits opportunities for future generations.

He advocated for prudent fiscal management, increased productivity, and effective immigration policies to boost economic growth.

Giorgio Vittadini, President of the Foundation for Subsidiarity, echoed these sentiments, stressing the importance of a long-term industrial policy and investment in human capital.

Both leaders called for a unified European approach to economic development, underscoring the need for collaboration to ensure sustainable growth.