Monday, April 2, 2012

"If we do things right, implementing all measures agreed upon in a timely, effective and equitable manner, and if we explain our policy objectives and strategy convincingly, public support will be sustained. An improvement in confidence would have a positive multiplier effect on economic activity and employment," Prime Minister Lucas Papademos stressed in an interview with the Italian daily Il Sole 24 Ore, which appeared on March 30.

Asked whether he sees any positive signs, the PM said "the first green shoots stem from improved export performance. […] We already have a strong footing in agriculture products, construction material and pharmaceuticals. Tourism, an important source of export earnings, will be strengthened. Over the longer-term, the energy sector could become a key driver for growth."