BRUSSELS, January 27 (Reuters) – Italy confirms that it has reduced the structural deficit to the extent appropriate in that it provides for the Stability and Growth Pact and is confident that The European Commission will not request a new corrective action.
He said the Minister of Economy, Pier Carlo Padoan, during an interview with Sky sidelines Ecofin.
“I am very confident that there will be absolutely no additional adjustments”, the minister said.
The government has promised to Brussels that will reduce the structural deficit of 0.3 percent of GDP in 2015. The European Commission, however, shows that they have doubts about the quality of some of the measures contained in the law of stability and assesses the effort in Italian 0, 1 points.
On January 19, the holder for economic and monetary affairs, Pierre Moscovici, has urged the government of Rome to reduce the structural deficit of 0.25 points, including 0.1% of GDP already acquired.
“The more effort [asked by the Commission] was already contained and detailed in the letter that the government sent to the Commission, detailed in the quality of the measures and the impact on the structural, which we believe is the MUST sufficient and line though with the Commission’s criteria, “reiterates Padoan.
“We respect the rules and we are among the countries in the preventive arm, that is not SFOR limits while many others are in the corrective arm, that is, where the limits are sforati,” Padoan said.
“We will continue to enhance the performance of the public budget. In this context, the debt, with growth that is coming, with a little ‘more than inflation thanks to QE, you will quickly, I guess in 2016, on a downward path, and this ensures sostenibiità which also is confirmed by the analysis of the Committee. “
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