“The flexibility is not bad in itself but it should not lead to a situation where the agreed rules are not followed. Then it would be wrong and would destroy the trust”: it was said Economy Minister Wolfgang Schaeuble to the EU Parliament in hearing together with Minister Pier Carlo Padoan.
“The governance must be improved but it is crucial to follow the rules and the agreements reached because to keep up the trust is important that you respect what was agreed,” said Schaeuble. Then he added, “the flexibility of the rules collides not only with the legal limits but also with the question of maintaining confidence in the States, because what is agreed to be respected and if you do not give this assurance there is a problem “. In the past, said Schaeuble, “the rules have not been respected, even my country has not complied with, but we have learned the lesson, and then the current chancellor has recently agreed with the finance minister that we would have worked with the EU Commission to abide by the rules, because now we do not want us to criticize and respect them. “
Padoan: Italy does not violate the rules, look at the numbers -” I know that c ‘is the perception that Italy is in violation of the rules but the numbers look good, is not it, we respect the rules better than others despite the high debt for which we make every effort so that you keep in a reduction path “, said the minister Pier Carlo Padoan economy in the EU Parliament hearing.
Italy, the minister explained, “is currently in the ‘arm’ estimate of the Stability Pact.” And in addition to reducing the debt, he added, “we are making structural reforms that strengthen the sustainability”.
The intervention of the ECB “takes us away from the risk of deflation. The impact of the reforms is more effective . It ‘s time to accelerate and increase the possibilities for growth and employment’ ‘. But Italy grows less? “And’ old scheme: we structural delays of 20 years. You have to put the turbo says Renzi ”.
“The rules the respect we are among the EU countries that do not SFOR limits (we are in the preventive arm). Since 2016 the debt will be on a downward path by ensuring sustainability “. Padoan said. “The more effort was already detailed in the letter to the Commission. It was enough. I am confident that there will be further adjustments.”
“In the continuous and constructive dialogue with the Commission we will exercise the exceptional circumstances, ie cycle deteriorated, the absence of nominal growth and continue the great effort of the reforms that the government is already implementing and that the Commission appreciates. “
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