WASHINGTON – “The global recovery has been weaker than expected.” The ECB governor Mario Draghi reiterated his judgment even at the end of the assembly of the IMF and the G20 which was attended by finance ministers and central bank governors. A summit fell into a period, contrary to all predictions, serious crisis even stronger for countries like Germany so much that the Bundesbank President Jens Weidmann has admitted that the German economy “is clearly weakening.” And the deterioration of the data does not escape as Italy says Economy Minister Pier Carlo Padoan: “The growth is lower than expected a few months ago. reasons are diverse and often not entirely clear.” “The economic policy – he added – must put in place all the tools at its disposal and structural ones, which have lately taken a central space. Growth There is a rather limited and sometimes not even in the countries of the euro area and the recipe that was discussed is the impact of the reforms. Moreover – said Padoan – investments receded significantly in recent years and this also explains why the growth has been revised downwards. levers to stimulate investments are varied: to facilitate access to credit, give more impetus to public investments such as those in infrastructure and create a climate of confidence. ” Padoan also pointed out that during the summit, “we emphasized the effort of structural reforms in Italy and the labor reform has aroused broad consensus and considered a time of change in the country. Fiscal policy will continue to take account of budgetary constraints but the law of stability will be oriented toward growth. ” The intention of the government financial 2015 will be the first opportunity to make a “serious” tax cut, which will be covered with a spending review that the government quantify “more than double-digit” probably, therefore, in more than 10 billion euro, despite the latest rumors on a much smaller reduction. The reduction in the tax burden – also invoked by the President of the European Commission, Manuel Barroso, who denounces the level too high in Italy compared to other countries – certainly start, as announced several times, cutting the cost of labor or through IRAP or through social security contributions paid by firms. But in the same direction also go the proposals made by Maurizio Lupi for the extension dell’ecobonus to 65% and the bonus of renovations and furniture at 50% (cost about € 1 billion) and the deductibility of 100% of the assets of the companies (cost in this case amounted to 1.2 billion). And if the Minister said that the way of severance pay, “there are several hypotheses but not under a defined end” for the government italino good news is by Christine Lagarde, IMF president who flaunts optimism in relation to our country. “The prospects of Italy – said Lagarde – seem” more positive “with the green light from the Senate to the labor reform.”
- Arguments:
- crisis
- fmi
- growth
- Starring:
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