The Governor of the Central Bank of Holland, Klaas Knot, in an Odeon theatre packed with 700 student representatives of Italian high schools, was the guest of honour at a "Young Factor" convention, presided over by Andrew Ceccherini, supported by Intesa Sanpaolo, Monte dei Paschi di Siena and UniCredit. The meeting continues the years-long drive by the Osservatorio Permanente Giovani-Editori to improve the economic and financial knowledge of its students, thereby tackling another social and civil challenge. He is only the latest central bank governor to take part in these talks, having been preceded by the Governor of the Bank of Italy Ignazio Visco, the President of the European Central Bank, Jean-Claude Trichet and the Governor of the Deutsche Bundesbank, Jens Weidmann.
"There is in Europe”, Klaas Knot said “an economic and financial disparity between the northern countries and their southern counterparts. But, Italy especially can play on the wealth of her own uniqueness. Italy has world renowned brands in all sorts of sectors, a tangible creative ability, manufacturing capability and unique designers. These attributes are what will allow Italy to compete at an international level."
Then, turning to the Italian students, Knot strongly emphasised that ‘economic and financial understanding is the key to developing an informed view. It’s knowledge that will be concretely useful during your lifetimes, whether it’s when you will purchase your first car or your first house, when you make your first investments and when you have to understand where to put your money. Something that you may have already begun to reap benefits from now you are starting to have money of your own. A good economic and financial education is without doubt an important factor for general financial stability and is itself the foundation for responsible financial growth. For this reason, I believe that initiatives such as 'Young Factor', together with the Osservatorio’s other work, are really important for the development of younger generations."