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He said the voluntary sector was set to lose around £4.5bn because of the government's austerity measures.
But Tiny Haynes, data centre analyst at Gartner, said the sector was set to go the same way as the aluminium industry, where smelters have moved close to hydroelectric dams.
And the German effort to "bail in" the private sector was set back years.
Essentially, the private sector was set loose and the economy flourished (though not, it should be added, without some serious abuses and problems).
Theoretically, Italy should be among the most advanced European countries, as a standardisation commission for the CH sector was set up already in 1978 (Commission NORMAL, stone materials) and in 1997 an agreement with the Italian National body for standardisation (UNI) converged the work of the NORMAL Commission into UNI.
Similar(55)
The country's only federally funded venture capital firm was created in 1999, during the tech boom, because the private sector was setting the pace in technological innovation, leaving the intelligence community feeling not very intelligent.
The newspaper explores how the sector is set to respond.
But austerity in the public sector is set to continue.
Last week it was reported that the sector is set to borrow £3bn to fund major new building projects.
The system in our sector is set up to implement long-term strategies and stick to them".
Rents for new tenants in the social housing sector are set to be increased to around 80% of the amount people would be charged in the private sector.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com