milano
Milan , September 12, 2014 – 9:33
‘L’ Italy will respect the commitments made with Europe on the budget deficit. ” Do not mince words, the Minister of Economy and Pier Carlo Padoan, Friday morning before taking part in the Eurogroup meeting in Milan, seems to respond to the remote ECB President Mario Draghi: “The target was a 2.6% compatible lens with a macro framework different. ” In any case, the Minister confirmed the commitment not rise more than 3%: “We will respect the constraints.” Statements immediately confirmed by the President of the Council Matteo Renzi: “We respect the 3% – Renzi wrote on Twitter – We are among the few to do so. From Europe, therefore we do not expect a class, but the $ 300 billion of investments. “
The Eurogroup for his part reiterated in a note to the undertaking ‘to effectively reduce the tax burden on labor.” It is “a clear political priority” and during a meeting today were established common principles on how to achieve the goal. This is what emerges from the statement released by the Eurogroup at the end of today’s meeting. To substantiate a higher opening on the side of flexibility Commissioner for Economic Affairs Jyrki Katainen has responded to the premier Renzi wrote on twitter that he does not expect lessons from Europe: “We are not masters – said Katainen – but we as interpreters of all countries comply with their commitments and what they promised to other countries. “
And again on the Italian public finances, the question of whether it will require a financial maneuver to achieve the objectives, the Minister Padoan said: “We are working on the stability law, which by definition is made on the accounts, when we have the numbers, you’ll be the first to know. ” Padoan has not provided guidance on what will be the new target for the deficit in the light of the worsening economy. And, in relation to the case of France, which has asked for two years of extra time (2017) to bring the deficit / GDP ratio below 3% Padoan the minister said: “Paris is Paris.” France’s decision, announced in recent days by Finance Minister Michel Sapin, breaking the promise to the EU partners to achieve the goal by 2015 will, according to diplomatic sources, the object of criticism by other countries in today’s meeting.
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“From Germany there are resistances»
A margin of the Eurogroup meeting, the Minister Padoan also pointed out that part of Germany ‘there is no resistance, there is no agreement “on a pact for growth in Europe:” The growth pact is a proposal for all, is already on the table, is based on structural reforms, internal market and finance for growth. ” There is a strong convergence – added Padoan – the idea that investments are essential for growth across Europe, key elements of which are structural reforms that improve the environment for business, and most effective instruments for financing attract capital. ” Economy Minister reiterated what was stated in the intervention all’Eurofi on Thursday: “We must change our approach, Europe must put growth and jobs at the center.”
September 12, 2014 | 09:33
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