Saturday, September 13, 2014

Ecofin, Padoan: “Tools for growth,” Katainen: “Reforms should be … – The Republic

Ecofin, Padoan: "Tools for growth," Katainen: "Reforms should be … – The Republic



Economy Minister: “Sent to the EU Commission and EIB quickly to prepare concrete proposals. ” And the ‘hawk’ Katainen: “Reforms are not enough, you have to implement them.” Renzi: “Enough with the technical

MILAN – The recipe to get out of the stagnation that is affecting Europe, and between countries, Italy in particular, is always acts the same. And the Minister of Economy Pier Carlo Padoan ‘s reiterated during the two-day Ecofin, which was held in Milan: “Investment is needed to stimulate growth.” But it is not enough to hope that we think the private sector, because this happens in some eurozone countries, but not all . For this reason, the government has anticipated the misnistro Renzi “was given a mandate to the European Commission and the EIB to bring forth rapidly very concrete suggestions to be translated into national and European measures.”

It appears that the most important news emerged after two days of meetings, many of which are closed-door, one of the economic leaders of the European Union. In that, he begins to make his way in the knowledge that you can not expect a revival of the economy only through the efforts of individual states. Why the “hawks” of the Eurozone continue to hold their positions. He did this Jyrki Katainen , the outgoing EU Commissioner for Economic Affairs and neo Vice President of the European Commission takes office in November: “Many countries are planning or already are implementing the reforms – he said – but the ‘ implementation of reforms is most important, because if there is a recipe for a doctor and have been bought medicines

and then do not take them, you do not need much. This is the position shared by many of his colleagues. “

Two days of talks on the future of Europe that should not be affected much more than the Prime Minister Matteo Renzi . Who, speaking at the inauguration of the Fiera del Levante in Bari, he reiterated what is the way that it intends to go. Making it clear that decisions should be faster and in different ways from what happened up to now: “After years of drunkenness where the solutions were always technical and bureaucratic, and ‘it’s time for the policy to go back to his job that not ‘a bad job: as he said Giorgio La Pira make themselves available to the company.’ ” He was not referring, of course, only to European technocrats. But you can well imagine that his target is, in large part, the rigidity with which the “technocrats” Europeans respond to requests Italy to boost investment opportunities.

Besides, even the governor the Bank of Italy, Ignazio Visco – releasing an interview with TG2 – which is not by this type of conferences that will get answers quickly. Visco said that after two days of Milno “Italy remains with its problems,” even though he admitted that “there was substantial agreement on the fact that there is a problem at the European level of investment,” which you must restart them, especially in the private rather than the public – and the fact that the demand is very low. “

In latre words, the EU is increasingly prevalent concern not to increase public spending. The road to the European falcons is always the same. Responding to a question on whether Italy take formal commitments with Europe on the reforms, the German finance minister Wolfgang Schaeuble has reiterated that the solution improves in his view is always that of the “do it yourself” individual member states: “The prime minister Renzi announced several structural reforms and now has to implement them, as in other countries; achieve them is not easy, but we support Renzi in their implementation, “said the minister. On the same subject, the governor of the Bundesbank Jens Weidmann said:” We welcome reform agenda announced by ‘ Italy; should be a broad consensus in Italy around these agenda. “

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