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This article was published March 7, 2016 at 19:23 hours.
the last change is the March 7, 2016 at 20:27.
the ‘Eurogroup notes that the assessment of November were taken measures that increase the deficit, and there is a risk of significant deviation by adjustment towards the medium-term goal. ” You read in the conclusions of today’s meeting of the Eurogroup in Brussels confirmed that the European Commission’s assessment on the budget law in 2016 will be made in spring. The date has not been set yet, but you already know that will take place around the middle of May.
“Italy risks a significant deviation”
The structural deficit deteriorates by 0.7% in 2016, while projected to improve by 0.1%, says the Eurogroup . And therefore “the risk of a significant deviation remains even if it were granted the maximum of flexibility potential.”
‘debt rule not respected “
Not only. The Eurogroup and recognizes “that the debt / GDP ratio has stabilized in 2015 and begins to fall in 2016,” has drawn attention also that “the high debt remains a cause for concern.” And according to the winter weather “Italy does not respect the rule of debt in 2015 and 2016″. “In this context – it says – we await spring the re-evaluation” of the Commission and “we welcome Italy’s commitment to implement the necessary measures to ensure that the 2016 budget is in line with the rules.”
“countries at risk than rules act”
The final exhortation is that ‘Member States in the preventive arm of the Stability Pact, whose budgetary plans are in risk of non-compliance with the rules need to take timely additional measures to address the risks identified by the Commission about the proper convergence towards the medium-term objective and the respect of the debt rule. ” Italy is in the preventive arm at risk of non-compliance with the rules of the Pact.
Renzi to Ft: debt and deficit will fall below 2.5%
themes, those of debt and deficit, addressed by Renzi in an interview with the Financial Times in which the Prime Minister reiterated, “our debt ratio to decline next year and our deficit under 2.5 percent. Germany has a surplus of commercial exchange of 8 percent, and the rule says it should be a maximum of 6%, “adding that” we have not asked in Brussels nothing more than what we could ask for.
MEF: comparison with constructive Eurogroup
Sources MEF after the Eurogroup speak of the rest of “constructive dialogue” with the other Member States of the Eurozone on the monitoring of fiscal policies. And they add that “the statement today adopted replicates the one adopted last November on the occasion of the evaluation of programmatic budgets of the Member States by the Commission.”
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