A crisis that has yet to show itself fully, with the consequences of the pandemic which, after nine months of health emergency, have not yet reached the surface on the terrain of the economy. Mario Draghi, who spoke yesterday as co-chair of the G30 working group in a preliminary report by the organization on the effects of Covid-19, launches a wide and heartfelt alarm. At stake is the stability of the system: “The authorities must act urgently, because in many sectors and countries we are on the brink in terms of solvency, especially for small and medium-sized enterprises, with support programs expiring and the existing assets that are being eroded by losses – remarks the former head of the European Central Bank, who is also on the steering committee of the think tank advising on monetary and international economic issues -. The problem is worse than it appears because the massive aid in terms of liquidity, and the real confusion caused by the unprecedented nature of this crisis we are experiencing, are masking its true dimensions ».
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