ROME – Focus Recovery Fund on education

Bank of Italy governor Ignazio Visco said that “operating on the level of education” and “improving the resources and infrastructures of education” are essential to decrease the gap in the field of research, as the country’s “research spending is half the OECD average”.

According to him, the EU Recovery Fund would be an ideal means to bolster the country’s education rather than the EU bailout fund, the European Stability Mechanism (ESM).

“The ESM only has advantages from an economic point of view”, Visco said.

“The only condition is to use these funds for the specific sector they have been allocated to. I don’t really see a problem in using ESM funds, except maybe for the stigma attached to them, which is only due to their misuse or miscommunication”, Visco concluded.

“It is time to change: we must not return to what was normal before. We should regenerate the economy to bring the citizens at the centre of the relationships with the government and the economy,” Italian Prime Minister Giuseppe Conte said on Sunday (27 September).

(Alessandro Follis |

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