I believe that reforms will not really take hold if they do not gradually come into the culture of the people.

In the area of macroeconomic policies, I think we'll see more centralization, like in the budgetary sphere.

The Italian economy has been held back for decades.

I believe that reforms will not really take hold if they do not gradually come into the culture of the people.

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.

Europe has to avoid old prejudices and new ones. That means north versus south, rich versus poor.

Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.