Thursday, August 14, 2014

Renzi sees Draghi: ‘Get on the reforms’ – ANSA.it

Renzi sees Draghi: 'Get on the reforms' – ANSA.it

Face To Face, yesterday morning, among the premier Matteo Renzi and ECB President Mario Draghi at the country house of the latter in Città della Pieve. Was reported by the Courier today Umbria. Sources of Palazzo Chigi, interviewed by ANSA, do not comment on the news.

According to the Courier Umbria a helicopter of the Prime landed in the soccer field of Po Bandini, in Città della Pieve, yesterday at 9 per share to Rome two and half hours later. On board Renzi. E ‘then broken down to 11.30 when – according to the newspaper – was again seen the premier.
A Città della Pieve Draghi has a country estate on the outskirts of the Umbrian town.

“Yes I saw yesterday Dragons, I see it often,” confirmed the premier Matteo Renzi after a visit to the Expo site, answering questions from journalists on the meeting that took place yesterday with the president of the ECB.

The feeling, the reporters have observed, is that Italy is a ‘special seen’: “Not so, I assure you that it is not so,” he replied Renzi.

Since 2011 letter to boost Draghi, the ECB monitors Italy
” Dear Prime Minister ‘.’ Thus began the letter ‘strictly confidential’ sent by the ECB to the Italian Government August 5, 2011 and signed by the then outgoing president, Jean Claude Trichet, and the current number one Mario Draghi. Exactly three years later, August 7, 2014 Another warning comes from Frankfurt: Italy is uncertain about the reforms, the same contained in the message: This deters investment and GDP falls. Yesterday a meeting between Prime Minister Matteo Renzi and Draghi will certainly have regarded the promises and measures undertaken by the government but that Europe seeks to put in time with more reliable and fast, from the labor market at the expense of the reform of Pa

In the famous and detailed letter – sent in tandem with the purchase of Italian treasury bonds by the ECB, continued until the end of 2011 to cope with the flight of investors – the EU central bank asked Italy to adopt measures antispeculazione ” with urgency ” to ” strengthen the reputation of its sovereign signature and its commitment to fiscal sustainability and structural reforms ”: from liberalization to the reform of the labor market, pensions, public administration. Today, despite the launch of many of the reforms urged – from Save-Italy for the pension laws Fornero and the Jobs Act on the work that will begin its passage through Parliament in September – Frankfurt back, however, to shake Italy after yet another disappointing given tricolor on the economy, back into recession without being actually never left really.

So much so that some speak explicitly of a pressing real Draghi called on the government to move more quickly towards Renzi those reforms remained still not implemented or only partially. The ECB through its president called on all states to cede sovereignty on this issue, citing some sort of control room to make operational the European ones that already contained the famous letter but Renzi claimed the political nature of the choices of the government. But beyond the different points of view, we agree that growth and employment must be the core of the Executive. There was in fact already written in the letter ” the need for significant steps to increase the growth potential of ” as well as ” immediate and decisive measures to ensure the sustainability of public finances ” and “to ensure the review of public administration in order to improve administrative efficiency and the ability to meet the needs of business ‘.’

As for the chapter development, one on which Rome still has to do homework evidently according to the Eurotower already considered ” required a total, radical and credible reform strategy, including the full liberalization of local public services and professional services, ” to ” apply in particular to the provision of local services through large-scale privatization. ” This aspect Italy has only begun to realize. Moreover, recited the letter, ” there is a need for further reform of the system of collective wage bargaining, allowing agreements at the enterprise level ” recommending the launch of ” an accurate revision of the rules governing the hiring and firing of employees ”. And the debate on Article 18, which began thirteen years and is still on the front pages of the newspapers is a testimony to the delays Italians. If, after three years, Rome gets a new ‘invitation’, though this time oral and informal dall’Eurotower means that the ECB will impute to intervene in defense of the strength of the euro, maybe buying government bonds: before do it, wants to be sure not to remove to countries like Italy the incentive to change.

But Draghi’s words also reflect the fact that, in Europe, it’s back to look with apprehension to follow recipes so far in Italy, especially in the time of implementation of the reforms. In terms of public finances, while they seem to satisfy the requirements of the central bank on the front of pensions, in fact, the institute even suggested to the Government ” to evaluate a significant cost reduction in the public sector, strengthening the rules for the turnover and, if necessary reducing salaries ”. According to the plan of the ECB, which much resembled the diktat of the EU-IMF-ECB Troika, was then ” a clause for automatic reduction of the deficit ” and ” put under strict control of the assumption of debt, including commercial and the expense of regional and local authorities ”. Meanwhile, in the past three years, have been carried out measures relating to budgetary laws and the inclusion in the Constitution of the terms’ ‘more stringent fiscal rules” but the letter also indicated, however, the mechanisms by which Pa ‘ ‘in public bodies should become systematic use of performance indicators (especially in the health, justice and education)’ ‘view’ ‘the need for a strong commitment to abolish or merge some layers as intermediate administrative provinces’ ‘. The latter being the final deletion ok to reform the Senate.


LikeTweet

No comments:

Post a Comment