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Forquet, Fabrizio

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5 articles of this author have been cited in the European Press Review so far.

Il Sole 24 Ore - Italy | 23/12/2015

Italy needs partners for its change of course

Italy approved its budget for 2016, which foresees a higher deficit than planned. Rome should not start the battle against the austerity policy on its own, the liberal business daily Il Sole 24 Ore warns: "There are good reasons for an expansive budget manoeuvre. So it would be calamitous if come spring Europe were to force us to correct the budget plan and subject it to the dictates of an anachronistic austerity policy. The European offensive launched by our prime minister must be seen in this context. … One can debate endlessly about whether national interests are best pushed through with painstaking discussions or by pounding the table with your fist. In both cases the main thing is to be able to count on credible alliances. … We must assume, or at least hope, that Renzi forged such alliances before he launched his offensive."

Il Sole 24 Ore - Italy | 03/12/2013

Chinese exploitation in Tuscany

Seven workers employed at a Chinese garment factory in the Tuscan city of Prato died when the building caught fire on Sunday, while four were injured. China does whatever it likes in Italy, the liberal business daily Il Sole 24 Ore complains: "They died like slaves after working like slaves. Not in India, no. In Italy. In one of Prato's many (and impossible to ignore) factory buildings. All made in China. The owners, managers, employers. And all illegal: from the safety measures at the working place to the contracts, from the accounts to the taxes. Who will now take care of this in Italy? The interior minister? The minister of justice? Someone from the tax authorities or the public health department? Someone who doesn't just talk and talk at meetings but actually campaigns against this barbaric situation? Someone who will take China to task, which is competing against us in our own country and according to its own rules."

Il Sole 24 Ore - Italy | 23/09/2012

Fiat is no longer Italy

The Turin-based carmaker Fiat will remain in Italy for the moment despite a massive slump in sales. This announcement was made by CEO Sergio Marchionne after five hours of talks with Prime Minister Mario Monti and relevant ministers on Saturday in Rome. But the joint declaration leaves many unanswered questions, the liberal conservative daily Il Sole 24 Ore writes: "Marchionne's promise to invest in Italy 'at the right time' says nothing about when these investments are to take place or how much will be invested. But if at all, now is the time to profit from the upturn in the European car market anticipated for 2014, which Marchionne himself evoked. ... The government, for its part, was equally keen to avoid clear statements, and promised no special compensation for Fiat. Because before taking Fiat under its arm, Rome first has to support Italian industry as a whole. 'What is good for Fiat is good for Italy' is no longer true today. Now we must say: What is good for Italian industry can also be beneficial to Fiat."

Il Sole 24 Ore - Italy | 25/03/2012

Close controls of public spending

In order to promote economic growth the labour reform must be followed up by tight management of public spending, writes the business paper Il Sole 24 Ore: "The labour reform constitutes the foundation; the task now is to build the walls. The reform must be supported by a revision of public spending. Without targeted cuts to public expenditure the attempt to revive the economy will be fruitless. ... Only strict control of government expenditure can free up the resources to finance lower taxes for companies and employees, as well as new public infrastructure projects. Only in this way can economic growth be given a boost. ... This won't happen from one minute to the next, but the economic data demands that the government take action here as soon as possible."

Il Sole 24 Ore - Italy | 14/08/2011

Italy's austerity package lacks growth incentives

The Italian cabinet on Friday adopted a second austerity package. Prime Minister Silvio Berlusconi hopes to save 45 billion euros by 2013. The package has serious faults, business paper Il Sole 24 Ore complains: "The austerity package lacks the courage and the ambition not to rely just on drastic cuts but also to create growth incentives that are every bit as necessary. It contains little to nothing in the way of promoting liberalisation, research, education, transparency in public administration. This is the black hole in the package of measures. A country without growth is a country without a future. And in the long term it is a country that can't keep its accounts in order. Because if you don't produce wealth, you can't recover. It would be a good thing if parliament took this into consideration. Otherwise we will soon feel how the knife has plunged right into the heart of Italy's system. And by then it could be too late to react."

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