The government must defend Italian's
savings and incomes against inflation which hit a post-March
1984 high of 11.9% in October, President Sergio Mattarella said
Monday.
The government is set to meet later Monday to pass the first
measures against soaring energy bills, a cost of living crisis,
inflation, and a looming recession.
"The defence of the value of incomes and savings against the
growth of inflation, due to the upsurge in the cost of energy
and other basic goods, appears now more than ever to be a
primary task which the Republic is bound to carry out by its
Constitution," Mattarella said in a telegramme to the 98th World
Savings Day.
Amid the current "climate of uncertainty", the head of State
added, "confidence is a precious good".
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