Moscovici: “The more flexibility to Italy but make efforts for reforms” – BBC

Moscovici: "The more flexibility to Italy but make efforts for reforms" – BBC

Milan , January 19, 2015 – 13:09

     
     
 

The effort to reduce the deficit / GDP ratio asked Italy for 2015 “fell from 0.5% to 0.25%. The effort required is reduced, but it must be respected. ” It ‘as said the EU Commissioner for Economic Affairs, Pierre Moscovici, in an interview with the Italian press. The Communication on the flexibility of the European Commission, which clarifies the application of the rules of the Stability and Growth Pact, shows that Italy next year to achieve the goal of a balanced budget will have to correct the structural deficit of 0.25% and not 0.5 Roma benefit clauses of flexibility, from government Renzi true ‘will’ to reform economy “Moscovici stressed that” Italy will benefit from the three clauses of the Commission Communication on flexibility, “concerning the reforms, investments and the economic cycle.

The indicators of the economic situation

The EU Commissioner for Economic Affairs explained that “within this week we receive from the Italian Government information analysis the economic situation and commitments on reforms, “while” before the end of the month there will be a technical mission of the Commission in Rome. ” The Brussels executive “recognizes a real will of the Italian government to reform the economy and we are in constant contact with the Italian institutions. The dialogue with the Italian government continues “and” our approach is constructive. ” In particular, the EU Commission wants to “support the path of reforms and in recent years there have been significant efforts to come out of the economic difficulties and boost investment. The reforms must go ahead and need to be strengthened, “but must also” be assured that they are implemented effectively and rapidly. ” Moscovici warned that any sanct ions against a country that is not implementing the reforms would be “a defeat.” The European Union must convince the goodness of the reforms, but if required it or punish those who do not do, it is a defeat. And the country that suffers the penalties will be unhappy, “he said.

January 19, 2015 | 13:09

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