Padoan: “We will respect the constraints in Europe.” Renzi: “EU will not face … – The Republic

Padoan: "We will respect the constraints in Europe." Renzi: "EU will not face … – The Republic

Economy Minister Eurogroup. “The deficit of 2.6% was consistent with a macroeconomic framework different, but we stay inside.” Schaeuble: “The more investment, also from Germany.” Commitment to reduce the load on working

MILAN – The deficit target of 2.6% was “an objective compatible with a different macroeconomic environment, and in any case we will respect the constraints.” The Minister of Economy, Pier Carlo Padoan , entering the Eurogroup responds when asked if Italy has to meet the projected deficit to 2.6%: “The ECB recognizes that the framework macroeconomic environment is much worse than six months ago and there is the obvious implication for the public finances. ” The harder the premier Matteo Renzi on Twitter. “We – writes the President of the Council – we respect the 3%. We are among the few to do so. From Europe therefore we do not expect a class, but 300 billion investment #junker.” (Wrong to write the surname of the president of the EU Commission).

A Padoan, however, echoed the president of the Eurogroup, Jeroen Dijsselbloem : “I believe that everyone is d ‘agreement on the idea that the priorities in Europe are the growth and employment “, the big debate is about which policies to use to obtain employment growth and jobs and what mix of policies are held together.” A timid opening to need to invest comes from the German Minister of Finance, Wolfgang Schaeuble , which says: “We are in an economic environment

that requires a strengthening of investment in Europe, including Germany.” for sustainable growth serve as “more investment than consolidation, reforms and regulatory framework better.”

Overall, the ‘ Eurogroup reaffirms its commitment “to effectively reduce the tax burden on the job, “as stated in the final communiqué. It is” a clear political priority “and during a meeting today were established common principles on how to achieve the goal.

As for the request France move to the return of the deficit / GDP ratio, currently over 3%, to 2017 – that decision will have to pass the scrutiny of the EU Commission – Padoan responds laconically: “Paris is Paris.” Padoan then reiterated 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 of all, it’s already on the table, is based on reforms structural, internal market and to finance growth. “