Ecofin: Padoan, Italy faces with reforms double challenge – AGI – Agenzia Journalistic Italy

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12:09 April 25, 2015

(AGI) – Riga, April 25 – With the reforms that fielding, “Italy is facing a double challenge to emerge from deep recession of three years and reverse a trend that for 20 years has made accumulate obstacles to growth and investment”. Economy Minister Pier Carlo Padoan has so ‘synthesized, after informal Ecofin in Riga, his speech to illustrate the path of reforms during the debate on structural reforms. “Reverse a route accumulated over time, in turn, takes time, and is based on a daily reconquest of confidence.” This, he added, “is increasing in the markets and institutions.” Colleagues of the Ecofin Council, Padoan explained “what we are doing, and that we are doing it in a credible way, not just with ads, but with the approval and implementation of the reforms.” As regards fiscal policy, “that our management is sound as demonstrated by the rating we have and the value of the yield spreads, the lows.”

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