Economy Minister to the BBC: “not about reform, is a long-term problem. Takes time”
“We expect a growth much lower “than expected for 2014 Thus, interviewed by BBC4 , the Secretary of the Treasury Pier Carlo Padoan, answers a question on the next revision of the estimates of the government. The poor growth, he explains, “is not due to the fact that the reforms were not made, but it is a long term problem. Reforms are effective on growth but it takes time,” said the minister. “I am more than sure that the reforms we are putting in will benefit over the medium term and over the next two years,” he continued Padoan. “Risentiamoci between eighteen months and see what happened,” he added, referring directly to the interviewer. “All the actors in the field to do their part.”
“What I see is that everyone do their part, which means for the ECB to be consistent in bringing inflation back near 2%, which is a figure reasonable, “but” far from current levels, “said Padoan, radio interview.
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