The anniversary of September 11, with the nervousness of the markets, was the occasion to focus attention on Italian-American relations. «Both countries» explains
At a time when we are all prey to anxiety, it would be wise, in Terzi's opinion, to react by attracting investors with different proposals from those of the more aggressive, dynamic economies. «From a McKinsey study we have seen that financial crises due to an excess of debt, as in the present case, have occurred 32 times in the past eighty years. In half the cases they were followed by a period of austerity and low growth that lasted an average of about 6-7 years. The current state of fragility of the economy and deleveraging could last at least until 2015. How will we overcome it? This is where the differences come in: the U.S. has a growth rate of 2-3%. It's a young country with high potential. They will soon be on the road to recovery. Italy, though it has good fundamentals, is condemned to austerity because it does not grow from the demographic standpoint and has no natural resources. The speed with which it comes out of the crisis will not be aligned with the U.S. In the meantime, I am convinced, American businesses can help the Italian economy by bringing innovation, productivity and financial resources. I expect communications between the two countries to remain very intense, at both the diplomatic and the entrepreneurial level. For example, on October 6 we will bring the chairman of Amcham America to Rome; Thomas J. Donohue is a highly influential person, coming here after eight years. It is an extremely important visit».
9/11 in Milan
The American Chamber of Commerce in Italy organized a ceremony in Milan in the park at Palazzo Isimbardi. The political institutions of the Lombardy Region were present, but also the new Consul General Kyle Scott. At 2:30 pm (8:30 am in New York), the site was linked with Barack Obama at Ground Zero