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This article was published on 12 September 2014 at 08:44.
The last change is the 12 September 2014 at 22:36.
Accelerating structural reforms to create more jobs and growth, coordinating interventions in various countries with the director of the Eurogroup. And an immediate priority: supporting the weight reduction of the tax wedge on labor. This, in a nutshell, the anti-crisis program established by the meeting of the eurogroup meeting held today in Milan. Landlord Economy Minister Pier Carlo Padoan, coming to the meeting this morning had assured reporters: “We will respect the commitments made,” even if the target of a deficit / GDP ratio of 2.6% was “compatible with macro picture of a different. ” To emphasize the reliability Italian also a dry morning tweet of the premier Matteo Renzi, “We respect the 3%. We are among the few to do so. From Europe, therefore we do not expect a class, but the $ 300 billion of investments. “
Dijsselbloem: structural reforms to solve the Eurozone
At this critical moment the problems of ‘Eurozone’ can only be solved with structural reforms aimed at creating more jobs and growth. ” In order to do this, “serves an effort that takes time, political courage and perseverance.” Explains the sense of the meeting Jeroen Dijsselbloem, President of the Eurogroup, which made it clear that in the next few months, Europe intends to move from financial stability to support growth in the Eurozone, accelerating structural reforms that the Eurogroup will be the ” director. ” The new, “clear political priority,” in particular, will be to move and reduce the tax burden on labor.
Fixed common principles to reduce the tax burden on labor
Today’s meeting, said in a statement issued at the end, it just served to define ‘common principles on how to reach the goal “of a cut in the tax wedge on labor, an issue that affects Italy in particular. In the document, the ministers remember as the cost of labor is higher than the OECD average in the Eurozone and in particular penalize employees. “This is a clear impediment to an efficient and harmonious functioning of the labor markets of the Eurozone – the statement – and it goes against the objective of strengthening economic activity and increase employment, particularly in light of the high rates unemployment in many EU member states. ”
Cut the wedge to regain competitiveness
For Dijsselbloem, “reduce the tax wedge is one of the main reforms that will make our economies more competitive.” The president of the eurogroup finance ministers also made clear that the monetary union will discuss the situation in the various countries will have to check when the draft budget for 2015 The Eurogroup, said, “will be the director of the reforms carried out in various countries , “being careful not to” jeopardize the trust “accumulated on the management of public finances and the consolidation of the financial statements.
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