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

Luis M. Linde guest of Osservatorio Permanente Giovani – Editori

The inauguration meeting of the third edition of the project “Young Factor” a.s. was held today. 2016/2017 promoted by Osservatorio Permanente Giovani – Editori presided over by Andrea Ceccherini and with the support of Intesa Sanpaolo, Banca Monte dei Paschi di Siena and UniCredit, in front of more than 800 Italian students participating in the initiative. The appointment that follows the road that has been going on for years now by the Osservatorio to revive a new civil and social challenge aimed at raising the student’s financial and financial literacy level has had the Governor of the Bank as its exceptional host of Spain Luis M. Linde. The meeting was also attended by former ECB President Jean-Claude Trichet.
In the same cycle, former Governor of the Bank of Italy, Ignazio Visco, Jean-Claude Trichet, former President of the European Central Bank, and the Governor of the Deutsche Bundesbank, Jens Weidmann and the Governor of the Bank of Italy, Holland Klass Knot.
“Young Factor” is currently the country’s leading economic-financial literacy initiative for the number of students involved in upper secondary education. A project aimed at raising the level of economic-financial literacy of Italian upper secondary school students. Such a young project has already been very successful.
The Chairman of the Osservatorio Permanente Giovani – Editori Andrea Ceccherini during his introductory speech, emphasized that “Ignorance always costs. And ignorance in the economic and financial field is expensive. With our “Young Factor” project we are aiming to literate a new generation on these issues. The goal is to give young people more tools to be more and more masters of their own, thus contributing to making them less and less subordinate, becoming more and more citizens, fewer spectators and more and more actors. Not only in democracy, but also in the market

Headed by the director of Il Sole 24 Ore Roberto Napoletano, he saw as the protagonist the Governor of the Central Bank of Spain who, faced with the questions of Napoletano and those of the students in the room addressed various themes: from Europe to the Euro, from the crisis which has affected many countries in recent years to what is the image of Italy, Italy and the Italians, the European countries, the situation of the Spanish economy and the reforms made to help the Iberian country to bring it back to competition the importance and the need for greater economic and financial literacy for young people.
“First of all I would like to thank the Osservatorio and its President Andrea Ceccherini for this invitation, I am very impressed by the number of young people present in the hall,” said Governor Linde in opening remarks, “and I am very pleased to be here to speak of a theme like that of the importance of the economic and financial literacy of young people that the Osservatorio carries on fine.”
During the meeting, former ECB President Jean-Claude Trichet, interviewed by former Corriere della Sera, Ferruccio de Bortoli, stated: “First of all thanks to Andrea Ceccherini for having invited me again, I still have I was impressed with the wonderful discussion I had two years ago with your peers and I am ready to put you in your hands for very intense questions.” Trichet has also faced the theme of Euro, Europe and its future. The students submitted the two distinguished guests to a string of questions, which made the discussion very interesting.

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