Padoan, the ECB makes its parteEffetto reforms only in two years – AGI – Agenzia Journalistic Italy

Padoan, the ECB makes its parteEffetto reforms only in two years – AGI – Agenzia Journalistic Italy

Economy

August 17, 2014 22:41

(AGI) – Rome, August 17 – “I am confident that the reforms we are making will impact in the medium term, which means in the next two years.” This was stated by the Minister of Economy, Pier Carlo Padoan, in an interview with the BBC 4 “To see the effect of the reforms on growth – he added – there is’ need time. Few quarters are not enough.” The minister and ‘said aware that the Italian economy is contracting, “but this does not depend on reforms but reflects the problems that have long existed.”
“It’ s true that the path of reforms in Italy and not ‘been brilliant but the current government and ‘different’ from the other “just for this. We’re working just to make reforms and changes to take effect,” said Padoan. In 2014, “we expect growth much lower” than expected, he added mninistro. “All the players in the field must do their part,” said Padoan yet. In particular, he stressed, “the ECB should be consistent and bring inflation back just below 2%, a reasonable figure but far from current levels.”
(AGI).

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