Padoan the EU: Italy has the right to request flexibility. But Juncker: rules must be respected – The Messenger

Italy calls for “a more flexible fiscal policy management based on rules that Europe has established , we’re not making this up. ” This was stated by Minister of Economy, Pier Carlo Padoan, in a meeting with George Osborne Aspen, after the tensions yesterday between Prime Minister Matteo Renzi and the EPP . “The effort” on the reforms carried out by Italy, said Padoan, “gives us the right ‘to flexibility on public finances in Europe.

” We hope that the response on ‘eligibility of our demands is dissolved early to avoid continuing to have an uncertainty that does not help growth, “continued the Secretary of the Treasury. “The setting of economic policy of the government this year and in subsequent years will not change,” and focuses on structural reforms and public investment “which will enable you to use the flexibility clauses. Italy – he insisted – calls within the margin of use, does not ask anything incompatible with those rules. Italy does not ask for additional flexibility, we are not asking anything new with respect to the provisions of the stability law, “he stressed again explaining that he had read some statements about it. Padoan then spoke of “absolute compatibility” between economic policy and the stability of public finances, “the deficit is reduced and this year will start to fall even debt.”

Italy gave its ok agreement on the three billion for the refugees in Turkey at the meeting of the ambassadors of the 28 in Brussels. Dissolving its reservation, however, Rome ‘expects the EU Commission uses a consistent approach by not taking into account for the calculation of the deficit the whole of the costs incurred by Italy since the crisis in Libya. ” This what we read in a statement attached to the decision.

But the EU reaches a replica of the Commission President, Jean Claude Juncker: “It is right that the Commission consider state budgets as foreseen in the Treaties. He will play its role without following stupid austerity policies. The flexibility are amply sufficient to allow budgets that include respect for the rules. “

In the meeting with George Osborne Aspen Padoan also touched on the issue banks:” Let urge our banking and financial system to take advantage of a stronger and more integrated EU, “he said. “The capital market union – he added – is a great opportunity for our country and for our banking system to adapt to the new European dimension.”

 03/02/2016 11:45:26

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