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A crisis that has not yet fully manifested itself, with the consequences of the pandemic that, after nine months of health emergency, have not yet emerged in the economic field. Mario Draghi, who spoke yesterday as co-chair of the G30 task force in a preliminary report by the organization on the effects of Covid-19, raises a wide and heartfelt alarm. What is at stake is the stability of the system: “The authorities must act urgently, because in many sectors and countries we are on the verge of solvency, especially for small and medium-sized companies, with support programs that expire and existing assets that are being eroded by losses, “says the former director of the European Central Bank, who is also part of the steering committee of the think tank that advises on international monetary and economic issues.” The problem is worse than it seems because massive aid in terms of liquidity, and the real confusion generated by the unprecedented nature of this crisis that we are experiencing, are masking its true dimensions ”.
