Vincenzo Boccia, the new president
of Italian industrial employers' confederation Confindustria,
said Thursday that Italy's return to growth after years of
recession was so modest it could not be considered a real
recovery.
"Our economy has undoubtedly got going again, but it's not
a recovery," Boccia told his first Confindustria assembly as
president.
"It's a modest, disappointing rise, which will not take us
back to pre-recession levels in a short period of time.
"The consequences of the double dip in demand and
production are still very deep.
"We must equip ourselves with a new economic paradigm.
"We have to construct a modern market capitalist system
that is open to capital and investment in industry of the
future.
"We are starting from scratch".
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