High inflation, stagnant wages eroding people's standard of living - Mattarella

President Sergio Mattarella addressed the impact of the cost-of-living crisis on Italian families in his World Savings Day message. He emphasized that geopolitical conflicts are worsening living standards due to inflation and stagnant wages. Mattarella advocated for full European integration as a safeguard against speculative finance. He noted that barriers to the single market and weak long-term savings divert resources and impede investments that could benefit society.