Enrico Letta appeals for policies that take advantage of the manufacturing sector’s potential to revitalize the European economy. – Project Syndicate

Enrico Letta

Enrico Letta (Photo credit: Wikipedia)

This is an excellent, MUST READ article by Italian Prime Minister, Enrico Letta, published by Project Syndicate. Check it out!

via Enrico Letta appeals for policies that take advantage of the manufacturing sector’s potential to revitalize the European economy. – Project Syndicate.

Personally, I very much identified with this appeal by the Italian Prime Minister. Unlike in the UK, with UK Prime Minister, David Cameron, Letta understands what makes industry tick. He glosses over the problem years since 2008 and the emergency actions taken, and focuses intelligently on what needs to be done now.

As I reflected on his analysis my mind switched to the UK and what David Cameron’s government had done for UK industry. Sadly, in the UK there’s a bully on block, with the Financial Services sector, and because of the bully everybody else misses out.

A strategic approach to industrial planning is essential to regain competitiveness. The UK political classes should learn from Italy. Letta rightly recognizes the crucial importance of energy costs and the need for EC policies to regain competiveness with the likes of the US.

I struggle to understand why the European Commission is not ready to pump billions into the emerging European offshore oil and gas industry, centered in Cyprus?

Any thoughts?

Enhanced by Zemanta

One response

  1. Pingback: Christine Lagarde sets out the priorities on which policymakers should focus to lift global growth in 2014. – Project Syndicate « Dr Alf's Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: