Italian - Public | March 19, 1943 -
First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies.
Mario Monti
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So I think democracy, in the long-term, in our countries will survive if it comes to be associated with leadership, will not survive if democracy plus media brings to us more and more followship rather than leadership.
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I believe that reforms will not really take hold if they do not gradually come into the culture of the people.
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Italy has piled up huge public debt because the successive governments were too close to the life of ordinary citizens, too willing to please the requests of everybody, thereby acting against the interests of future generations.
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Italy even in the future will not need aid from the European Financial Stability Fund.
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I understand that Italy could have been associated with the idea of an undisciplined country in the past.
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