Saturday, September 13, 2014

Eurogroup hypothesis EU control of Italian reforms – The Republic

Eurogroup hypothesis EU control of Italian reforms – The Republic



Milan is hosting the meeting of Finance Ministers of the Union European ( Ecofin ) and the theme of the reforms aimed at economic growth takes the bench. The vice president Katainen: “Italy has not been evaluated.” Djisselbloem: “No additional effort.” The Italian minister: “E ‘useful” because “it is a mutual control among equals”

MILAN – There will be no control of or Bruxelles on reforms Italian? ECOFIN informal Milan arrive conflicting signals on the assumption that the EU Commission asks in Rome, in view of the transmission of the Stability Law for the Community screening in mid-October, including a detailed timetable that it intends to implement the reforms. How reconstructs Republic on newsstands, in fact, the political intent that is taking root in Brussels, with the support of Berlin and half placet in Rome and Paris, would be to entrust the next EU Commission to guide Juncker a ‘revolution’ in European governance, in an attempt to centralize the economic policy decisions. In this sense, the countries that have the most trouble out of the recession, but that did not come under the care of the Troika (such as France and Italy), should provide a detailed plan of reforms, along with the public accounts, on which Brussels could then issue judgments and calls for implementation.
When asked to comment on the transfer of sovereignty, the Minister of Economy Pier Carlo Padoan replied: ” The European control on reforms is a useful tool because it is a mutual control of peer countries who exchange experiences, is not only an element of discipline but also of learning. ” Explains:

“Today the Ecofin enter into the merits of the measures for the support of public and private investment. E ‘an important day because it gives substance to the priorities that Italy has put on the table and that the European Agenda has sparked an important debate. ” According to the minister, who does the honors of the house in Milan, Italy with President of the EU, Europe “is moving towards a strategy based on growth and employment which was exactly the goal of the Italian Presidency.”

This design is made clear by a number of the Eurogroup, Jeroen Dijsselbloem , arriving at the Congress Centre of Milan for Italy, as for the other countries of the euro area, there are written commitments in addition to those already provided for, he says. “We all have written commitments that are called Stability Pact and no new written commitment was asked to Italy,” says the president of the Eurogroup. On the subject, before the work of Ecofin, the EU commissioner also spoke to Economic and Monetary Affairs, Jyrki Katainen . “We have not yet considered the Italian situation, we want to cooperate very closely,” he says after the question and answer session yesterday with Matteo Renzi .

The same Dijsselbloem, on the other hand, takes on key investments, particularly private: “We must find ways to generate more private investment, all countries that have leeway in the budget should consider what is the best investment in their country: it can be infrastructure, research and development, education. ” At that point, the recipe is “a combination of public and private investment.”

LikeTweet

No comments:

Post a Comment