– Italy “is a source of potential spillover effects for other Member States of the Eurozone”. And ‘what emerges from the report of the European Commission on imbalances macro of the boot. “The structural weaknesses continue to restrain Italy’s ability to grow and react to economic shocks”, and then “the modest recovery and the structural weaknesses of the country adversely affect the recovery and growth Europe . “
” growing spending and unbalanced ” – a public spending on “steady growth, more and more biased” in favor of the elderly and on which they weigh the costs of debt servicing “much greater” than the rest of the euro area, underlines the EU Commission. “it is urgent – reads the paper – the challenge of debt sustainability “: to respect the stability Pact rule” will require a very high primary surplus, at around 4%. “
All these” risk sull’anemica affect potential growth in the country. “Hence the need to” fully implement the pension reforms, notably that of 2012, and carry out a systematic review of spending at all levels of government “that can increase their efficiency and make it more growth-oriented.
“brain drain can impair growth” – the increase in emigration – underlines the report – it reflects the better opportunities and working conditions abroad. Surveys indicate that, compared to their counterparts who work in Italy, young Italian graduates working abroad not only earn more but are more often hired on permanent contracts, and believe that their official capacity is more suitable for work they do.
In particular, among the Italians in possession of a doctorate, those working abroad say they have better job opportunities and much higher salaries. This explains their very low propensity to want to return to Italy. Consequently, this phenomenon does not fall within the definition of “brain circulation”, ie when people are temporarily abroad for study or work, but then return to their country of origin.
As for the social harm, the report noted that the “brain drain” implies a dual financial cost: firstly, the public expenditure on education of students who then finally leave the country, and, secondly, in terms of future loss of revenue for social contributions taxes that highly skilled migrants would pay working in Italy.
replication MEF: “stronger Italy, no risks’ – Sources of the MEF, commenting on the report EU on macroeconomic imbalances, replies that “thanks to the government’s economic policies and growth-oriented structural reforms approved and implemented, Italy today is a stronger country.” “The risk that weaknesses can affect the euro area is definitely smaller than it was before the reform cycle.”
“Nothing new, neglected the tax authorities” – “the problems highlighted by the EU Commission in the report on macroeconomic imbalances plaguing Italy for a long time and are present long before the crisis. Nothing new so of debt and competitiveness,” they add. In the list of measures recognized by Brussels, also the EU “neglects” the taxman: the cancellation of the labor component from the calculation of IRAP and the tax reform that is fostering a better level of spontaneous fulfillment.
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