PRESS RELEASE Beginning on Friday, March 13, 2015 (at 9:00 am sharp) at Villa d'Este, Cernobbio, and concluding on Saturday, March 14, 2015 (at approx. 1:30 pm), our 26th annual workshop will take place.

THE OUTLOOK FOR THE ECONOMY AND FINANCE This year The European House - Ambrosetti is celebrating its 50th anniversary and wants to take the occasion to devote special attention to the theme of entrepreneurship, the most powerful driver of economic growth. Without entrepreneurs, there is no growth. Without growth there are no jobs and without jobs there is no future. This is the message The European House - Ambrosetti would like to promote for the future with many activities and initiatives, aimed also at the younger generations, to take place over the course of 2015. The main issues to be examined during the workshop include:

Friday, March 13 The global economic situation.

The session will see the involvement of important economists who will face off on the current criticalities and prospects of the world economy, providing short- and medium-term economic forecasts for the worlds main areas.

How can growth be made more sustainable and inclusive? The discussion will centre on the most effective policies for identifying important paths to economic growth at the global level and the structural reforms needed to achieve accelerated growth.

Study presentation: Connected Banking: Emerging Opportunities through Digital Innovation for the European and Italian banking systems This study, carried out by The European House - Ambrosetti in collaboration with Hewlett-Packard, will analyze the ways in which digitalization and new technologies are changing the banking sector and its business model, highlighting the action priorities for Italy in this regard.

Conversation among investors: where are hidden opportunities? Leaders in the banking and venture capital sectors will talk about investment opportunities and returns both in light of the current global scenario and of future prospects.

Financing innovation and growth The session will focus on how European governments and institutions can support innovation and sustainable economic growth through the financial system.

Saturday, March 14 Agenda for Europe

The session will delve into various issues on the European agenda, including the euro-dollar rate and the stability of the Eurozone in the light of the ongoing debate between Greece and European institutions.

Agenda for Italy and presentation of the Ambrosetti Club study Finance for Growth The Minister of Economy and Finance and the Governor of the Bank of Italy will discuss the actions that the institutions they represent are taking to boost the economy. The session will also include the presentation of a study, conducted in the framework of Ambrosetti Clubs activities and in collaboration with the technical secretariats of the Ministry of Economic Development and the Ministry of Economy and Finance, which deals with the topic Finance for Growth and is aimed at examining the measures thus far introduced by the government, providing suggestions for improving the current regulatory system, and making proposals for encouraging an acceleration in the countrys growth.

In line with tradition, in order to offer an overview on the world macroeconomic situation, a brief document will be distributed to all participants in the proceedings that assembles and re-elaborates the macroeconomic forecasts of the most important credit institutions, investment banks and international organizations for the major industrialized and emerging economies (Italy, Germany, France, Spain, Greece, U.K., U.S., Japan, China, Brazil, Russia, Turkey and India).

The event will take place, according to tradition, behind closed doors. We would also be happy to arrange, at your request, interviews or other services with workshop speakers, if they are available. We wish to remind you that this is a private initiative and, as such, will necessitate respect of rules of behavior intended to ensure that the workshop proceeds fruitfully in a tranquil atmosphere. The accredited press is therefore invited to comply with the guidelines that will be distributed at the time of registration and that are already available for download from our website (http://www.ambrosetti.eu/it/media-relations/cartella-stampa). Please communicate the list of the names of journalists assigned to the event, together with requests for interviews to: carlobruno&associati - Milano (tel. +39 02 890 55 101-106; l.garrone@carlobrunoassociati.com; l.bruno@carlobrunoassociati.com), no later than 1:00 pm, Wednesday, March 11, 2015. We regret that, due to the limited space available at the site of the workshop, we will not be able to accept all the requests for accreditation.

Experts taking part in the workshop include:

Valerio De Molli Managing Partner, The European House - Ambrosetti I

Valdis Dombrovskis Vice President, European Commission and European Commissioner for the Euro and Social Dialogue EU

Jacob Frenkel Chairman, JPMorgan Chase International USA

Francesco Garzarelli Partner, Global Investment Research, Goldman Sachs USA

Federico Ghizzoni Chief Executive Officer, UniCredit I

Thomas H. Glocer Founder, Angelic Ventures USA former CEO, Thomson Reuters

Vittorio Grilli Chairman, J.P. Morgan UK former Minister of Economy and Finance I

Francesco Guerrera Editor, Money & Investing, The Wall Street Journal USA

Kevin Harrington Managing Director, Thiel Macro USA

Mari Kiviniemi Deputy Secretary-General, OECD former Prime Minister, Finland

Richard C. Koo Chief Economist, Nomura Research Institute, Japan

Alan B. Krueger Bendheim Professor of Economics and Public Affairs, Princeton University

former Chairman, Council of Economic Advisors USA

Serge Latouche Professor Emeritus of Economics, University of Paris-Sud and of the Institut dtudes du Developpement conomique et Social (IEDES) F

Sabine Lautenschlger Member of the Executive Board, European Central Bank EU

Kevin Laws Chief Investment Officer, AngelList USA

Enrico Letta Chamber of Deputies former Prime Minister I

Mariana Mazzucato Philips Professor in the Economics of Innovation,

University of Sussex SPRU (Science Policy Research Unit) UK

Mario Monti President, Bocconi University Chairman, EU High-Level Group on Own Resources former Prime Minister I

Roberto Napoletano Editor-in-Chief, Il Sole 24 Ore I

Jim ONeill Economic Advisor, IFC

Pier Carlo Padoan Minister of Economy and Finance I

Jean Pisani-Ferry Commissioner-General, The French Prime Ministers Policy Planning Staff F

Lucrezia Reichlin Professor of Economics, London Business School UK

Nouriel Roubini Co-Founder and Chairman, Roubini Global Economics Professor of Economics, Stern School of Business, New York University USA

Fabrizio Saccomanni former Minister of Economy and Finance I

Dario Scannapieco Chairman, European Investment Fund Vice President, European Investment Bank EU

Joseph C. Schull Managing Director and Head of Europe, Warburg Pincus - UK

Yanis Varoufakis Minister of Finance GR

Ignazio Visco Governor, Bank of Italy I

Luigi Zingales Robert C. McCormack Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business

Visiting Professor of Economics, Harvard University USA

Thank you for your attention and for correctly reporting on an extremely complex, arduous and demanding event.

For additional information: http://www.ambrosetti.eu @TEHAmbrosetti (hashtag: #teha; #ambrosetti)

THE EUROPEAN HOUSE - AMBROSETTI

For the second straight year, The European House - Ambrosetti has been named the number one Think

Tank in Italy and fourth in Europe in the 2015 Global Go To Think Tanks Report of the University of

Pennsylvania.

THE OUTLOOK FOR THE ECONOMY AND FINANCEFriday, March 13Saturday, March 14THE EUROPEAN HOUSE - AMBROSETTI