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This article was published on 13 September 2014 at 11:00.
The last change is the 13 September 2014 at 17:07.
Approaching a law of Stability in the name of growth, which “will attack” the causes of lack of competitiveness “and will put a shield to the most vulnerable,” confirming the tax cuts that we have already introduced. ” Word of the Minister of Economy Pier Carlo Padoan, that at the end of the informal meeting of the Economic and Financial Affairs Council of the EU in Milan anticipates the next line of the budget law. How to cut the tax wedge, priority indicated by the Eurogroup meeting yesterday Padoan said that “Breaking down the tax on labor is a priority for Europe as for Italy” and that “each country will do it according to its possibilities and its resources. We continue along that road. ”
Katainen: Italian ambitious agenda, possible strong boost to economy
In the press conference, Padoan has also provided other details of the anti-crisis strategy of the EU: for structural reforms, other priority indicated by the Eurogroup, “There is no deadline but there is an urgency to accelerate them, whatever they are.” Optimistic Jyrki Katainen, Vice-President of the next European Commission: “Italy has a very ambitious reform agenda, which is what is needed. If implentata will all give a strong boost to the economy. “
Investments unlocked by structural reforms
For Padoan not looming “specific deadline for any reform,” but there is “a general timetable” to respect “that countries have anticipated . ” A “fundamental element for the countries,” he stressed Padoan, is in fact “to be credible,” stressing that “in principle, the reforms have a long time” and that “the problem is the question of implementation.” Returning to the investment chapter, Padoana added that constitute “The master plan for growth ‘, particularly private ones, although a role they have it even public ones” in their role as a catalyst and activator activity private. ” “We must create conditions of profitability,” he added, and a “fundamental structural reforms that are unlocked investment.”
Resources for EU investment arriverranno mainly from private
This morning, a few hours after meeting del’Eurogruppo yesterday that EU has set new priorities, including the need to etaglio focus on structural reforms of the tax wedge, the Minister of Economy Pier Carlo Padoan, had cleared one of the tools identified to regain growth. The resources for investment in Europe, stressed the croniti, “will be mainly from the private sector, because the public resources will be the lever.” Today we enter into the merits of the measures for the support of public and private investment. E ‘is an important day because it gives substance to the priorities that Italy has put on the table of the European agenda. “
The study public policy tools to facilitate investment
According Padoan then “Europe is starting up a strategy on growth and employment, which was the target of the Italian Presidency.” Investment, in particular, “we think of measures that will facilitate: simplifying regulatory incentives, the best use of public resources. The resources are important but they are not the only thing, I emphasize again that it is up to governments to encourage private investment. ”
Control of EU reforms, “a way to deepen ”
Speaking of supervision in Brussels on the choices of the various countries, the minister called EU control over reforms’ a useful tool because the end is a mutual control between countries who exchange experiences. ” Control “is not just a tool of discipline but an element of depth.”
Denial hypothesis of new written commitments charged to Italy
Upon their arrival the meeting, both the President of the Eurogroup, Jeroen Dijsselbloem, Dutch Finance Minister, that the future vice president of the new European Commission, the Finnish Jurki Katainen, have disproved the hypothesis that Italy has been asked for a written commitment to the new comply with budgetary constraints. “We’ve all written commitments that are called Stability Pact and no new written commitment was asked to Italy,” said Dijsselbloem. “As far as I know we have not asked,” Katainen said instead: “We have not yet evaluated the Italian situation and we must work together very closely.”
de Guindos: identify concrete investments to push recovery
termuine At the meeting, the Spanish Minister of Economy and Competitiveness, Luis de Guindos, said the discussion with colleagues in other member countries has touched the principles that should guide the investment plan for the revival of the Eurozone. First there is “a connection between the investments and the completion of the European internal market.” Then, Europe must “identify concrete investments that encourage productivity and competitiveness.” From here, the connection that binds’ investments and structural reforms. This is the approach. It is not a purely Keynesian investment program, it is something beyond. ”
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