Wednesday, April 13, 2016

Minister Padoan: “The Fund Atlas does not contravene the rules of Brussels.” “The Spending review? Continue” – TGCOM



Minister Padoan:  & quot ; The Fund Atlas does not contravene  the rules of Brussels & quot ;. & quot; The  Spending review? Continue & quot;

The Minister of Economy Pier Carlo Padoan that reassures both the Fund Atlas both def “dialogue with the ECB and the EU is profitable and there will be no risk.” Also because “the Fund is entirely funded and privately managed ” and therefore does not contravene the rules of Brussels. On the other hand, the Def “document was shared with the European Commission”, which “is still to rule on flexibility. But I’m confident.”

Against the phenomenon of offshore that the scandal Panama papers has uncovered is likely that the MEF and the government still use the measurement of disclosure of accounts voluntary: whether the collected data will give a positive result “we will continue to use the voluntary disclosure “. “If a machine works there are the kilometers to be done,” says the owner of Economy in a long interview with “Il Sole 24 Ore.”

Returning to the Fund Atlas , which will be voluntarily funded by private and will be managed by a private asset management company, will have two objectives: to contribute to some recapitalizations with protective network function and start a mechanism purchase of non-performing loans to boost lending to businesses. “In recent days there was great euphoria in the stock market, perhaps too much,” he says. “But in the end the lack of information creates nervousness”, is justified.

of non-performing loans node instead is a hot point on which “the government will soon intervene in an effective manner “. For if “the times of disputes are halved the market value of the receivables has a benefit and will share the real economy.” “ The removal of part of the stock will increase the effectiveness of of the ECB monetary policy in Italy.”

Sull ‘ Banking Union , then, “we are in favor.” “But it must be completed by European deposit guarantee .” The German proposal instead, “ limit in the budgets of government bonds bank is wrong for us : must be free to diversify investment ” .

to Pier Carlo Padoan thanks to the reforms that the government is implementing the Italian banking system is “more solid , is why we believe that the investor sentiment remains positive and now that the reforms will be implemented will support. “

in the decree law on banks, ensures that there will be rules of compensation to bondholders junior of the 4 banks that have failed: “I think that’s the correct context”, he stresses.

on privatization that will be equal to 0.5% of GDP this does not just mean “to sell a piece of state for reducing debt but enhance them through exposure management to competition and to the scrutiny of the markets. “ so will be for ENAV Post and Fs .” E ‘ an increasingly real possibility the placement of additional shares in Post .

“for push growth in an overall weak economic environment – says – serve public and private investment and the new package finance measures to stimulate the growth. “

It is the stone of the safeguards . S tiamo working to understand how to move. On the 80 € to lower pensions , had mentioned the president of the Council, “ is still early to say “, he insists.

what is required , in addition to the desire to reduce the tax burden, are spending cuts this is why the “ spending review continues” , explains.

the flexibility pension outbound to stimulate youth employment , concludes, “must first take account of constraints of public finance “.

LikeTweet

No comments:

Post a Comment