Tuesday, August 19, 2014

Padoan: “Growth lower than expected, but effect reforms in two years” – 2duerighe

Padoan: "Growth lower than expected, but effect reforms in two years" – 2duerighe

 
 
 

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The Minister of ‘Economics, Pier Carlo Padoan, interviewed in recent days by the radio station BBC English, expressed his opinion on the precise work that the government Renzi is doing in our country. A political project, according to the Minister, who will have an impact in the medium term: “I am confident that the reforms we are making will impact in the medium term, which means in the next two years. A fact that is observable in several countries in Europe and elsewhere is that the reforms have an effective impact on growth, but it takes time. Few quarters are not enough. “

A commitment to meaningful and lasting, then, that should bear fruit in a few years. The Minister of Economy, while not hiding that “the path of reform in Italy has not been brilliant,” said he was optimistic about the success of the positive work of the Government Renzi and the fact that the reforms could boost the economy of our country ; unfortunately, you can not ignore the fact that the estimates for the current year have been overly optimistic, considering that economic growth appears to have stood at a lower level than expected. “All we expected greater growth for the eurozone this year. Unfortunately, and I say this as an excuse, we’re all wrong. I intend to international organizations, governments, and so forth. All we expected higher growth in the euro zone this year and none so far has been right, “he clarified Padoan, who then launched an appeal to all of Europe, being necessary to help everyone (especially the Central Bank European Union) to boost the economy: “What I see is that everyone do their part, which means for the ECB to be consistent in bringing inflation back near 2%, a figure reasonable but far from current levels.”

Giuseppe Ferrara
August 19, 2014

 

 

 


 

 


 
 

 

 

 

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