Saving to be encouraged, risk of inequality warns Mattarella

(ANSA) - ROME, OCT 31 - President Sergio Mattarella said initiatives to encourage the population to save are "necessary and welcome" while noting that "the first condition is the possibility of saving at an individual level", speaking on World Savings Day Thursday.
    The president cited Bank of Italy figures saying "50% of the Italians are unable to save", noting that, "with grave inequalities, and the increase of poverty", there is a risk the situation will persist.
    Mattarella also highlighted the value of saving for the future.
    "What appears clear is the nature itself as both an individual and collective asset represented by saving, a resource for the future", he said. (ANSA).