For Italy, that means that the health of its consolidated balance sheet can be used in conjunction with reforms and parameter shifts in the pension system to restore fiscal balance and boost growth over time. Three things are required: a comprehensive reform program that meets the adjustment challenges head-on, political backing for that program, and time to implement enough of it to establish the credibility needed to lower the high risk premium on Italian debt.
对意大利来说，这意味着其整合之后的资产负债表可以与养老体系的改革和参数变化共同起作用，重建财政平衡，并在长期提振经济增长。这需要满足三大要求：应对当前调整挑战的全面改革计划、实施这一改革计划的政治支持力，以及实施充分改革以建立降低意大利债务风险溢价所必须的信誉的时机。