Italy's relations-based capitalism must die, Renzi -update2

World demands more transparency and dynamism

(ANSA) - Milan, May 4 - Premier Matteo Renzi said Monday that the big role that cosy relations between contacts plays in Italian capitalism "must die". "The capitalism of relations has produced some decisively negative effects in Italy," Renzi told a meeting at the Milan stick exchange. "It's time to end a system based more on relations than on transparency. "The world outside is demanding more dynamism and transparency. This is a problem for the managerial class, not just the political one. We're doing our bit, now it's your turn.
    "If the system of capitalism of relations does not die, Italy will die. "Today the political system is out of this game. The business world must give us a hand in changing this system".
   

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