Monday, February 9, 2015

Padoan: “Surprises positive for growth. Clarified with Varoufakis” – The Republic

Padoan: "Surprises positive for growth. Clarified with Varoufakis" – The Republic

MILAN – A clarification with fellow greek and a word of hope for the resumption Italian. Economy Minister, Pier Carlo Padoan , arrives at the G20 in Istanbul dulling the controversy erupted over the weekend with Yanis Varoufakis .

The Minister of Economy of the government Tsipras had accused Italy of allegiance to Germany, motivated by the fact that the beautiful country has an unsustainable debt. Words branded as “misplaced” by Padoan. “With his colleague Varoufakis we cleared, there was an exchange of messages and the goal is to find a common solution for Greece from the Eurogroup,” he said today in Istanbul the holder of Treasury. To him, also in view of the meeting of Wednesday, many observers assign a role of bridge builder between the positions of Germany and those of Athens, who yesterday reiterated a hard line.  220;I claim emphatically that Italy has put at the top of the European agenda for growth, employment, investment,” he claimed Padoan to those who imputed a line of rigor alongside Angela Merkel , and Greece “will only benefit from it.”

Along with Rome, France also tries to mend fences no accident that the Minister of Finance, Michel Sapin , has said that it expected to Greece is “secured funding” to avoid default.

Returning to Padoan, the minister explained that “there is no plan B” compared to the permanence of Greece in the euro . Italy has a debt “great” but manageable, given also the economic recovery. And in any case “the Italian debt is not on the table” and the risk of contagion from Athens is excluded in an “absolute”.

As for domestic issues, on the growth of the Italian economy this year “there may be positive surprises. ” For the tenant of Via XX Settembre, “So this is the time to accelerate the reforms, because the improvement of the macroeconomic facilitates their introduction and makes it clear their impact.” Speaking on the sidelines of the G20, the minister stressed, however, that “the growth prospects are slowly improving and will further benefit from the progressive achievement of structural reforms. The fundamentals of Italy are solid and are further strengthening”. Padoan also the official announcement of an intervention on public banks and their suffering: the Italian government “will create the tools to handle the problem of non-performing loans of banks, in close cooperation with the EU Commission.” While not pronounce the word ‘bad bank’, explains: “We are evaluating. It will be the possible market-oriented ”.

It slows the growth of the suffering

Arguments:
economic growth
Greece
Economic recovery
Starring:
Pier Carlo Padoan
Yanis Varoufakis
Alexis Tsipras
Michel Sapin

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