Padoan at Ecofin: “Italy faces a double challenge with the reforms” – AGI – Agenzia Journalistic Italy

Economy

18:49 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.” That of a Greek exit from the Euro and ” hypothesis very far “according Padoan. “I am confident – said after the informal Ecofin in Riga – that everyone is working hard and that the solution is at hand.” What ‘the partners expect to release the final tranche of aid, he added, and’ ‘get by the authorities’ Greek a complete list of structural reforms in a credible budget. “

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