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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