“Young Factor”: a project in pursuit of economic and financial literacy

Klaas Knot guest of Osservatorio Permanente Giovani–Editori

He was the Governor of the Central Bank of the Netherlands, Klaas Knot, in an Odeon depleted for the participation of over seven hundred Italian high school students, the guest of the great meetings of the Young Factor project promoted by the Osservatorio Permanente Giovani–Editori, chaired by Andrea Ceccherini, with the support of Intesa Sanpaolo, Monte dei Paschi di Siena and Unicredit. The meeting continues the road that has been going on for years now by the Osservatorio Permanente Giovani–Editori in reviving a new civil and social challenge aimed at raising the level of student economic and financial literacy. In the same cycle already included Governor of the Bank of Italy Ignazio Visco, Jean-Claude Trichet already President of the European Central Bank, and Governor of the Deutsche Bundesbank, Jens Weidmann.
“Young Factor” is currently the country ‘s leading economic and financial literacy initiative for the number of students enrolled in upper secondary schools, a project aimed at raising the level of economic – financial literacy of Italian students. , 500,207 high school students in Italy, a true record of participation for such a young project. “The President of the Osservatorio Permanente Giovani–Editori Andrea Ceccherini during his introductory speech stressed that” there is a direct relationship between financial stability and Economics-financial literacy: the second is higher, the higher the first, where the financial economic culture is weaker, the crisis is stronger. less financial economic culture were just the worst hit ones from the crisis. It may mean, perhaps, that there is an inverse proportional relationship: less culture, more crisis. ” As you continue your speech, Ceccherini of the Osservatorio emphasized that “ignorance costs, and financial economic ignorance is costing a very high price to our country. We must react with courage, and with ignorance we want to be more educated. It is under this sign that our new challenge is born: to literate young generations in the financial economic sphere, to make them more competitive and to leave behind the crisis that hurts us as soon as possible. ” The meeting, led by the Director of Quotidiano Nazionale Andrea Cangini, saw as the protagonist the Governor of the Central Bank of Holland who, fought by the questions of Cangini and those of the students in the room addressed various themes: from Europe to the Euro , from the world crisis that has hit many countries in these years to what is the image of Italy and the Italians in Northern Europe, to the importance and the need for greater economic and financial education of young people .
“In Europe – said Klaas Knot – there is a financial and economic difference between the countries of the North and South of the continent. But, above all, Italy can play on the richness of its diversity. Italy has a well-known brand all over the world, a creative, manufacturing, and unique design. On this wealth Italy can compete internationally. ”
Then, addressing young people from schools across Italy, Knot strongly emphasized that “economic and financial training is the key to getting started, to take the right positions. It is a path that will be useful in the course of your life, when you buy the first car, the first home, when you have to make the first investments and figure out where to put your money Something that you probably already begin to see now that you may have the first budget available.a good economic education and financially is undoubtedly a factor contributing to financial stability, which in turn is the basis of responsible financial growth. That is why I say initiatives such as Young Factor, together with the work of the Osservatorio, are really important for the growth of younger generations “.

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