Amid a high deficit and the Mélenchon risk, funds are selling OATs and buying BTPs

In Italy, we face not only a problem with education, but also with retaining human capital. A university may attract students, but it is ultimately the economy that must convince graduates to stay by offering competitive salaries, career prospects and a good quality of life. A proposal to tackle the decline in population

The Institute had previously managed a pension fund, with less than satisfactory results. There are numerous issues, ranging from the choice of governance structure to a lack of experience in investment matters

By requesting 8 billion instead of the 15 billion originally earmarked, Italy will spend more on interest, as the expenditure was already provided for in the budget and BTPs are more expensive than European debt

Trump has suspended the tariffs on minced meat that he himself had imposed and has secured a commitment from importers to sell at 25 per cent below market price. Protectionism that must be suspended to remedy protectionism

Freezing the rise in the state pension age places a burden on future generations, and the contribution for each newborn can be drawn from existing funds – as is the case in Trentino – without requiring the INPS to set up a new one 

The former minister in the Monti government: “Frankly, the fact that the Institute is managing the funds leaves me very perplexed. The idea is a good one, but if it is poorly presented and even more poorly implemented, it becomes counterproductive to encouraging people to save.”

Bo Becker (Stockholm School of Economics): “If a billion-dollar company has an idea that could make it worth a hundred times as much, it is much easier to realise that idea in the United States, because capital is cheaper there. And much of that American capital comes from pension funds. This is something that is decided on a country-by-country basis; Brussels cannot dictate it.”