Monday, January 19, 2015

EU: the flessbilita ok ‘, but Italy fulfills commitments – AGI – Agenzia Journalistic Italy

EU: the flessbilita ok ', but Italy fulfills commitments – AGI – Agenzia Journalistic Italy

Ue ok to flessbilita but Italy fulfills commitments 20:16 January 19, 2015

(AGI) – Rome, January 19 – Good news from Brussels : The European Commission “recognizes the Italian government a real will ‘to reform the economy,” said the manager for Economic and Financial Affairs Pierre Moscovici in a meeting with the press. “I met the minister Pier Carlo Padoan, and we are in permanent contact. We support this work “. This thrust, he added, “and ‘essential to boost the competitiveness’ of the Italian economy to exit the difficulty’ and boost investment”, and efforts must be “pursued and intensified: much remains to be done, ensuring the effective implementation of reforms “.

The Commission will be ‘particularly careful that “citizens will see the benefits.”
Correction Italian deficit in 2015 should be equal to 0.25% and no more ‘to 0.5%. And ‘the effect, said Moscovici , the new interpretation of the rules of the stability pact’ and growth following the communication on the flexibility ‘of last week. “It has immediate application – said Moscovici – and the assessment that the Commission will ‘in early March of the fiscal program in 2015 will land’ account. Italy will benefit ‘of all three clauses communication “or the one on structural reforms, the investment and the business cycle.

The categorical imperative for today and ‘out of the recession. We are doing it with uncertainty and timidity on which we must act.” He said the general manager of the Bank of Italy, Salvatore Rossi, during a speech at the University ‘of Udine.

“The first quarter of 2015 expected to score, after three and a half years of falling almost ‘unbroken , a small increase in GDP” , has Rossi recalled. According to projections of generality ‘of analysis centers, including the Bank of Italy, “it would be the first in a series of quarterly increases would continue until all next year. Performers smaller than the first, but’; therefore these only to regain lost ground in two years from the end of 2012, not even the much more ‘extended, lost in the previous five years “.

” The damage done to our economy by double-dip recession in recent years have been greater than those suffered by others, “said Rossi, remembering that today in Germany the level of domestic production and ‘more’ high of 5 points compared to 2007, France 2; in Spain and ‘more’ low of 5 in Italy of 9. “Explain the gaps that Italy and ‘entered the tunnel with a recessive economic and social fabric weakened by the inertia of previous years. This’ problem bottom. However, if only to glimpse solutions to that problem must first leave the tunnel “.

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