Quote by Mario Monti
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.
Summary
This quote suggests that Italy's significant public debt is a result of its governments prioritizing short-term satisfaction and meeting the immediate needs and desires of the citizens. By being too close and responsive to the demands of the people, the governments failed to consider the long-term consequences and the burden placed on future generations. It implies that a lack of prudent fiscal policies and decision-making has contributed to Italy's precarious economic situation.
Topics
Future
By Mario Monti
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