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Slack.com slash DHQ. This is CBS. I am the world. I'm John Batchley. Italy in a dispute,

a talking dispute with the European Central Bank. Why the European Central Bank is raising

rates, which generally is understood as slowing the economy everywhere throughout Europe.

I go to Lorenzo Fiori of the UnSouth of Foundation. He is in general commenting on the Italian

economy recovering from the pandemic, recovering from the slow start to everything because

of the war this year, draining the resources and mood of everyone. Lorenzo, a very good

evening to you. How is the Italian economy recovering from the pandemic? You mentioned

in positive ways last week. Is that continuing? Good evening to you. Good evening, John. Good

evening to all the radio listeners. Yes, John. The Italian economy is doing very well.

We are still today the best economy in Europe. Last year, after the pandemic was over, we

did the best growth rate. Of course, we were coming out from a very long period of stagnation

in terms of economical growth compared to our European peers. But this year, we did

very well. And this year, we are also doing very well, even beyond where the estimation of

our government confirmed by the various international authorities. So this is why George Melloni

was very critical against the president of the Central Bank of Europe that raised the

interest rate, also because the economy in Italy is doing well. The interest rate for us

is a very critical point simply because we still have the largest debt across all the

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