Wednesday, October 1, 2014

Napolitano and Draghi: “We need reforms for growth” – ANSA.it

Napolitano and Draghi: "We need reforms for growth" – ANSA.it

The young Matteo Renzi is the opportunity, the prime minister who tries; Giorgio Napolitano is the stability, the guarantor of the challenge that Italy wants to pursue in Europe. Never before has the team play between Chigi palace Quirinale and it seemed so clear. “Italy intends to pursue with determination and speed up a clear commitment to overcome its structural weaknesses, starting with such high debt”, she assured the President of the Republic in an exceptional meeting with the governors of all the central banks of the euro area and the board of the ECB. A necessary insurance as today even more than yesterday Mario Draghi has returned to Italy to seek reforms and reforms still to restore confidence among investors and businesses. “Only the structural reforms that increase potential growth, and therefore the sustainability of the debt may create room for use in future fiscal policy,” according to a pro-growth, said the ECB president, Mario Draghi, immediately after ‘meeting with the head of state. Not failing to point out that the policies suggested by the EU “are also, and perhaps especially, valid for Italy” On the day when France has openly launched the challenge to the rigor German announcing that fall within the parameters of only three per cent in 2017 (confirming this year a resounding 4.4 per cent), Napolitano has informally received in the splendid residence of the Neapolitan villa Rosebery the elite of European monetary policy to throw three clear messages: it is no longer sustainable, “the high rate of unemployment in the euro area and especially in some countries such as Italy “; for which the Government will certainly do its “homework” by reducing the huge public debt and Italian parallel is doing and will do those structural reforms that Europe does not get tired of asking. But the “number one challenge”, and this is the strongest message, remains to “open a new path of strong and sustainable growth in Europe.”

The game gets to the heart of Brussels, the ECB brand closely the government and its reforming action, Germany supervises the sharp-eyed Italian choice to try to steer European policies towards greater flexibility. Battle is not easy and for which the undisciplined Italy should prove to be changed, to be at least a little more virtuous. And they talked of this and Dragons Napolitano in the tail of the encounter that saw them only at Villa Rosebery for at least half an hour. Yeah, those reforms that the EU does not ask for it and claims that the prime minister is trying to speed up even at the cost of splitting his party as it is happening on the Jobs Act. For this reason, President Napolitano, certainly the most famous Italian and authoritative in Europe as well as a symbol of political stability despite volatile Italian has once again spent her name – in a parterre decisive for Europe’s economic choices – certifying the absolute “determination “Italy in the reduction plan” that high public debt “; but also confirmed that the Government is “accelerating” its reform efforts, that Italy abandon his vices, will change the rules and will gradually approach the most productive European standards. Only then Italy will be credible – and this seems to hear about Matteo Renzi – in an attempt to “shift the emphasis of European policies” towards “innovation and job creation.” It is not to know what he must have thought the president of the Bundesbank, Jens Weidmann, also present but silent. Tomorrow the word goes to the Governing Council of the Eurotower which meets in Naples to give a sign of life to Mediterranean countries.

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