The macroeconomic scenario is plausible Def, but you can not close our eyes to the risks of unfavorable economic situation that threaten the recovery, already rather slow, the Italian economy. In front of the Parliament, which brought together the Budget Committees of the House and Senate in a long marathon of hearings to gather the opinions of associations and institutions on the Document of Economics and Finance, the Bank of Italy has launched its warning on growth but mainly on the debt, known sore in discussions with Europe.
the decline expected by the government starting this year is a good thing, but “the margins – signals via Nazionale – is not large.” A country with high public debt as Italy ‘is exposed to higher risks in case of adverse shocks to the economy, “warned Deputy Director General of Palazzo Koch Luigi Federico Signorini, and for this reason” it is important to achieve over time a reduction of debt clear, visible and progressive “be carefully monitored during the course of this year to be certain of reaching the target.
at the same time you have to give security to families, businesses and markets, intervening a structural impact on the tax wedge, focusing on interventions “strict and effective” on revenue and expenditure, and abandoning the logic of the safeguard clauses that so far, in a systematic ballet to announce and then disregard them, they only created uncertainty, rather than – as originally hoped – to enhance the credibility of the country. Turn them off is fully correct, partly because the tax burden is still higher than pre-crisis levels, but the goal, he said Signorini, must be to go towards their being overcome in the long term.
Much more serious is the alarm came from the local authorities. The Def promises no new cuts, but those already included in the stability law are unbearable and unrealistic, according to the regions, which now call on savings, “nonlinear.” The municipalities instead report a freeze on hiring too rigid, that the 25% limit of the 2016 maneuver threatens to undermine the efficiency of administrations and impoverishes the bodies inside. After the abolition of Tasi and IMU, ANCI then asks to recover taxation and budgetary autonomy and is an essential partner in view of the land registry reform, which the government has returned to talk after argument storage in tax delegation.
The most critical voice, however, is that of the trade unions. The three confederations acronyms attack the prospect of a reform of contracts that exclusively prefers the second level. The risk is “to alter the balance of the structure of industrial relations in the country, built into a logical system in which the roles of contractual levels are quite distinct and dedicated”, but above all – accuse the unions – to “engender negative phenomena both for workers and for businesses: dumping for the former, unfair competition for the latter. ” The CGIL also denounces an economic policy made to stay in the state of crisis in which the country pays and Uil defines unacceptable the absence of explicit references to the flexibility in output. Notably absent in Def instead according to Confindustria the South.
In the document there are no instruments for the relaunch of the South and to redress regional imbalances, even starting from extending even to 2017 the de-contribution for new employees only in the southern regions. In this context, the growth levels indicated in the policy framework is based on industry “unsatisfactory”, as realistic. “It is only right to focus on higher growth and make every effort to reach it,” and to heal “wounds in the social fabric” left by the crisis.
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