Italy needed structural reforms to become more competitive.
I believe that reforms will not really take hold if they do not gradually come into the culture of the people.
Italy even in the future will not need aid from the European Financial Stability Fund.
The Italian economy has been held back for decades.
A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.
I have the most profound respect for the Department of Justice and the FTC. We in Europe are a younger and I would say junior institution to the historical antitrust experience of the US.