“A horse race is a race of endurance and endurance always carries with it the idea of a winner; not just a winner, but the winner of the most popular racing line.
“It is a horse race, then. But it’s a race that you have to go out and try to win. If you’re not there, you won’t.
“A lot of people don’t have a good reason for not trying to win the race. It’s an interesting question though, isn’t it? If I’m a little bit closer, can’t the next person just win?
“I think it is an issue where we’re often talking about things that aren’t really on our minds.”
You can check out the full interview in full at The Big Issue #1.
ROME (Reuters) – Prime Minister Matteo Renzi sought to put a brave face on his government’s failure to deliver on an ambitious reform package for Italy’s troubled banking sector, while he promised to work to resolve several lingering crises in the economy.
Italian Prime Minister Matteo Renzi (L) meets with his top officials to discuss the European Union’s (EU) “memorandum of understanding” for a rescue package for Italy’s banking system, in Rome November 21, 2015. REUTERS/Remo Casilli
The euro zone’s second-largest economy has taken a beating in recent months as Italian banks have failed or been forced to hold the country to ransom, forcing the government to cut spending and raise new taxes to cover the costs of rescues and recapitalizations.
Italy’s banks have been among the hardest hit due to heavy losses, while Italy’s economy has slipped deeper into recession as the global squeeze on sovereigns has hurt Italy and its banking sector.
While Renzi has shown patience and resilience in the face of tough realities, he is under pressure to deliver on his election promise to create an economic stimulus package after his government’s budget deficit reached 8.5 percent last month.
“With this decision now the government is putting an end to the political uncertainty,” Renzi said after meeting with his finance ministry’s top officials on Monday.
Italy’s chief electoral officer, Antonio Corrado, last Thursday approved two reform proposals aimed at rescuing Italy’s struggling banking sector. But the proposals are opposed by a number of powerful opposition parties, some of whom control parliament.
The plans seek to replace current rules in which some Italians have taken on debt in