Draghi: promotes jobs act will facilitate ‘recruitment – AGI – Agenzia Journalistic Italy

Draghi: promotes jobs act will facilitate 'recruitment – AGI – Agenzia Journalistic Italy

October 9, 2014 20:44

(AGI) – Rome, October 9 – This time Mario Draghi does not use diplomacy, not mentions in a veiled way, but it is clear and enter the Italian political debate cleanly, leaving no room for misunderstandings. From the Brookings Institute in Washington, the president of the ECB extends a hand to the government Renzi involved in the ‘defense’ of the Jobs Act but also addressed a warning: the executives who will not do the reforms should be removed, and should be the voters to do so.

“Voters should send home the governments that have failed to act to” reduce “unemployment,” he said. Then the jab at those who oppose the measure to reform the Italian labor market. First of all, the CGIL today that he had spoken to Jobs Act that would open to “abuse”. The reforms of the labor market must make more ‘easier for companies to hire young people and not dismiss them, said Draghi, adding that he “did not believe” that the reform will result in Italy’ in mass layoffs. “Italy – said the president of the ECB – and ‘years in recession and unemployment and’ already ‘high and companies that wanted to dismiss him already’ done.”

So for Draghi must go forward on the path of reform without departing in any way from the path taken. At the meeting of the IMF also spoke Economy Minister Pier Carlo Padoan which you and ‘welcomed the vote of confidence on the Jobs Act. “It’ a very important sign that the country is the reforms they serve,” said, “the reforms are ’cause they serve the country and why’ serve to Europe. Okay in both directions.”

As for the voltage recorded in the Senate and the future passage of the measure in the House, Padoan and ‘limited to say: “I see the positive, then someone sees negative. E’ as the glass half full “. Speaking piu ‘in general of the reforms to be implemented in the country, noted that these “are to be realized and put into practice. And this takes time” for “coagulate the social consensus necessary.” “Italy,” said Padoan, “is facing a double challenge: on the one hand must make structural reforms, on the other hand we have to make them in a recession and this is’ the third year in a row of negative GDP.”
For this reason, “we need a strategy that goes beyond the short term,” the minister concluded.

Returning to the Jobs Act, its approval in the Senate is “a very important” that allows Italy to continue to “push on a very ambitious reform agenda.” According Padoan, the reform “makes the labor market more ‘sustainable, the system is more’ simple, provides more ‘productivity’ and jobs more ‘stable’. The point, he concluded Padoan, ‘and’ open up the market especially to young people, while in the past there ‘was too much attention to the insiders. ”

The panel in which ‘there was also attended by the Italian Minister fellow German Finance Wolfgang Schaeuble which reiterated that the rules in Europe must be valid and equal for all. To overcome the crisis, he added the head of the economy of Berlin “we must work together: if Germany began to tell Italy what to do would be on the wrong track. Need not be arrogant with partners” According to Schaeuble ‘c’ and ‘enough flexibility’ in the European rules. Nobody, it ‘France will’ Italy, “added the German minister,” he asked to change them. Necessity ‘and not’ change the rules but to implement them. E on this we all agree. ”

In the other direction – compared to the German Minister – the statement of the Director General of the IMF pointed out that the risk of a new recession for the Eurozone. There, said Christine Lagarde, “a serious risk of recession.” “We are not saying that the Eurozone is entering recession, but that there is a serious risk that this happens if nothing is done,” he noted. Then Lagarde and ‘focused on the actions taken by the ECB, which, he pointed out, is doing well but if the situation does not improve in Europe must’ do more ‘. “If the outlook for inflation does not improve and expectations continue to be on the downside, the ECB should do more ‘, including the purchase of government bonds.”

Finally, in the morning, the ECB in its monthly bulletin reiterated that eurozone growth is losing momentum.
“After four quarters of moderate growth, the real GDP of the area ‘ euro and ‘remained unchanged in the second quarter of 2014, “notes the Eurotower,” although’ This trend is in part due to temporary factors, seems to have altresi ‘been some loss of growth momentum since the beginning of the summer. ”