– Italy’s macroeconomic imbalances are “excessive” like those in Bulgaria, Croatia, France and Portugal. This was announced by the EU Commission , but added that none of the countries will start a process with request for correction. Italy, always precise, the Commission is subject to the rule of debt and has not reached the medium-term objective, namely the structural balance of the budget.
In summary part concerning Italy, the Commission notes that “the high debt and the continued weak productivity implies risks for the future, with a transnational nature”. In addition, “the slow resolution of banking suffering weighs on bank balance sheets and high unemployment in the long term growth prospects. The debt reduction would require primary surplus and sustained growth.”
Brussels points out that “measures to reform the labor market have been taken, the institutions, to address non-performing loans, the Pa, justice and education. But they remain the ‘gap’ to be filled, especially on privatization, collective bargaining, the spending review, measures to open the market, taxation and fighting corruption. “
the Commission expects the identified weaknesses are addressed by the Member in the preparation of their stability programs, presented in Brussels in mid-April.
Dombrovskis: “procedure Italy? it depends on reforms plan” – due to excessive imbalances in Italy “is necessary to continue the efforts under way on reforms, because they can put in the ‘corrective arm’ of the procedure the imbalances at any time, but subsequent decisions depend on how the plan is ambitious national reforms “that presents to April-May. This was stated by European Commission Vice President, Valdis Dombrovskis.
Padoan: “I do not think EU requests extra effort” – “The Commission – said the Minister Padoan – is not asking us something extra in return for an opinion on the flexibility, should confirm the eligibility of Italy, so when you know the final figures on the flexibility you know the data of fiscal space and then you can complete the picture that was already outlined in the stability law 2016 “.
As for any intervention, reiterated that “the final picture will be clarified Def, before then there is no need to enter into individual measures.”
Before you can send, reply to, or rate a comment, you must be registered and log in
Registration Login X
Rules for comments
the comments on this page are checked
We encourage you to use a respectful and non-offensive language, even for the harshest criticism
in particular, during the action of monitoring, we reserve the right to remove comments that:
– are not relevant to the issues in website and TV show
– have vulgar, obscene or violent
– Be threatening or defamatory towards people, other people, institutions and religions
– More generally violate the rights of third parties
– Promote illegal activities
– Promote commercial products or services
X
No comments:
Post a Comment