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This article was published on March 8, 2016 at 13:39 hours.
the last change is the March 8, 2016 at 14:22.
“We are very good dialogue with the Commission at a technical and political level” but “until there is a positive evaluation (flexibility, ed), as I am sure we will, we can not say that we ended the conversation. ” You optimistic Economy Minister Pier Carlo Padoan in his statements after the Ecofin meeting. The EU, he added, is doing “an evaluation of the flexibility points to the effectiveness of reforms, investment policies, requires consideration of the merits of the measures that Italy is taking and that’s what’s going on,” he He explained the holder of via XX Settembre.
the point is that we do not think that the EU asks more effort
“I do not think the point is that they ask us something more, define the Commission on public finance and policy framework for growth for 2016, and this because, as is well known, the Commission should untie the knot of additional flexibility, “Padoan explained when asked if he has already identified a street to meet the demands of the EU. The Commission, explained the minister, “is not asking us something extra in return for judgment (on flexibility, ed), should confirm the eligibility of Italy, so when you know the final figures on flexibility we know the data of fiscal space and then you can complete the picture that was already outlined in the 2016 stability law “. Concerning possible interventions, reiterates Padoan “the final picture will be clarified in Def (whose launch is expected by April 20), before then there is no need to enter into individual measures.”
Growth is strengthened and finance under control
The minister later confirmed: “We are at a turning point where growth is strengthened and public finance is under control ». According Padoan “the debt ratio to decline in 2016 in a context in which the tax burden down.”
Economy Minister Eurogroup Ecofin meeting yesterday and today has “remembered” the latest Istat data. “The data came out a few days ago – he underlined – confirm that there is a growth in 2015 after three years of deep recession, this growth is driven by domestic demand, a bit ‘less on external demand due to the weakening of the picture international”. All this, said Padoan “is accompanied, and this is perhaps the most important result from the significant growth of new jobs”, and in particular by new permanent contracts. This “translates, among other things in a positive impact on the medium-term growth.” Padoan has therefore required to state that “all this occurs in a context in which the public finances in 2015 is in line with the start of the year predictions,” ie, with a deficit / GDP ratio to 2.6%, “a debt which stabilized in 2015 and it will begin to decline in 2016 “. The data, according to Padoan, therefore, certify to Italy that “growth is strengthened and public finance continues to be under control.”
In the face of a persistent framework nervousness in international financial markets, economy Minister Pier Carlo Padoan reiterated that “the Italian banking system is solid.” “He’s walking a structural adjustment.” The government has put in place several measures, including measures to facilitate the disposal of non-performing loans, “which are starting to bear fruit, ‘he noted in the press conference after the Ecofin. “It’s a process that goes on and that takes time. We must put back on track a sector that has passed unscathed from the worst crisis since the war, “concluded Padoan.
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