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This article was published June 29, 2015 at 19:45.
The last change is the 29 June 2015 at 20:39.
No one in Italy hides the concern for the possible exit of Greece from the euro. “The point is: the greek referendum will not be a derby between the European Commission and Tsipras, but a derby of the euro against the drachma. That is the choice. ” This was written in English on twitter Prime Minister Matteo Renzi, stressing the importance of the choice that awaits the people greek next Sunday.
Before the premier, speaking on behalf of the government was the Secretary to ‘ economy, Enrico Zanetti, secretary of Civic Choice: “The Greeks have the sacrosanct right to decide whether they want to go their own way. However, no right to say that Europe starves them. Start to have a social security system that is not even more generous than that of the countries that should help them and a number of civil servants reasonable. Then they can say that, despite this, Europe starves them. Today things are very different and who is rooting for Tsipras is rooting for a model absurd like “Italians tax and spend for the Greeks. ‘”
Direct exposure of Italy second Padoan: 35900000000
Economy Minister Pier Carlo Padoan stated that the exposure of Italy against Greece is “35900000000″. On Twitter the minister wrote that “circulating wrong data on direct exposure Italy vs Greece: from bilateral loans and guarantees (updated calculations ESM) is 35.9 billion.” In recent days, he said then the MEF with a note on the site, “have circulated analyzes of the effects of the crisis in the negotiations between Greece and the institutions representing the creditors. Among these, some analysis on the impact for Italy. Italy has direct exposure to Greece, by virtue of bilateral loans amounting to 10.2 billion euro. It also provided subsidies for Greece to EFSF to 25.7 billion euro. Exposure of Italy against Greece is therefore equal to 35.9 billion euro. ”
“A possible negative evolution of the crisis could have an impact on other financial entities to which Italy participates but the quantification of the direct impact on Italy of such a development is not feasible with the currently available information and even in less favorable scenarios is no doubt that there are direct effects. ”
“Even the Italian public debt – has again underlined the Treasury – circulate misleading information. The debt / GDP ratio in 2014 stood at 132.1%, is expected to reach a peak of 132.5% in the current year and is planned down in the following years, with a trajectory conforms to EU accounting rules: 130.9% in 2016, 127.4% in 2017, 123.9% in 2018, 120.0% in 2019. “
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