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

Young Factor: “Un dialogo tra giovani, economa e finanza”

Mr Andrea Ceccherini, President of the Osservatorio Permanente Giovani – Editori said: Young Factor is the name chosen for this event which represents a new challenge for our Country aimed at increasing students’ literacy level in economics and finance and help overcome the competitive gap between young Italians and their European peers. In order to obliterate this competitive difference – Mr Ceccherini added – we want to involve the main players of the civic society and the economic and financial world, both national and international, and bring together students and teachers for a day of discussions so that, having become aware if the issue, they can join forces and forge a common front to improve the economic and financial culture in the young generation and enable the Country to move forward”.

“A financial education is essential for the young to be able to enter working life and needs to be an integral part of their training. Given the profoundly changed economic and social environment due to the financial crisis of the last few years, each and everyone needs to have a better knowledge of financial issues – said Vittorio Meloni, External Relations Officer for the Intesa Sanpaolo Group -. The commitment to ensure this topic becomes more accessible also surfaced during the speeches of Italian and international guests who gathered for this event to discuss how to make the young aware and involve them in this educational process”. These were the introductory words Andrea Ceccherini (President, Osservatorio Permanente Giovani – Editori) and Vittorio Meloni (External Relations Officer, Intesa Sanpaolo) used when introducing the guests to the meeting entitled: “Young Factor – Un dialogo tra Studenti, Economia e Finanza” held on 23 May at the Mezzanotte Palace in Milan.
A very high level program with important national and international leaders representing the banking, insurance and journalism sectors together on stage during the meeting.

The opening by Andrea Ceccherini, President of the Osservatorio Permanente Giovani – Editor, was followed by the results of the research conducted by GfK Eurisko and their Honorary President, Remo Lucchi, gave an update on Italy’s economic and financial literary.
Gabriele Galateri di Genola (President, Generali), Gian Maria Gros-Pietro (Chairman of the Management Board, Intesa Sanpaolo), Fabio Gallia (CEO, BNL), Fabrizio Viola (CEO, Banca Monte dei Paschi di Siena) and Roberto Nicastro (Director General, UniCredit) took part in the discussion. Subsequently, two separate interviews with Federico Ghizzoni (CEO, Unicredit) and Carlo Messina (Member of the Board and CEO, Intesa Sanpaolo) focused on: Real economy and finance: where is Italy going? The morning session concluded with an interview to Giuseppe Guzzetti (Chairman, Acri) on the Economic culture and Italy’s civic development.

During the afternoon the discussion focused on Newspapers, the economy and the young with the Editors of the two most prestigious Italian newspapers: Ferruccio de Bortoli (Editor, Corriere della Sera) and Roberto Napoletano (Editor, Il Sole 24 ORE) as well as two international editors, Tony Barber (Financial Times Europe) and Thorold Barker (The Wall Street Journal Europe).
A round table discussed ‘Europe and the opportunities for the younger generation’ with Fabio Corsico (Member of the Bard, CRT Foundation), Victor Massiah (CEO, UBI Banca), Antonio Patuelli (President, ABI), Alessandro Profumo (Chairman, Banca Monte dei Paschi di Siena) and Carlo Salvatori (Chairman, Lazard Italy and Allianz Ras).

Finally, an important and special guest – Richard Parsons (former Chairman Citigroup and Member of President Barack Obama’s Economic Advisory Team) who during his time at the helm of one of the main global banks invested resources in order to promote a better economic and financial literacy in young people. The title of Mr Parsons’s speech was: Real economy and finance: where is the world going?
Moderators of the meeting were Sarah Varetto, Director SKYTG24 and Alessio Vinci, TV journalist.

Click here to discover all the guests at the Meeting and their bios:

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