Wednesday, April 27, 2016

Pensions, Nannicini: “Three solutions for the early exit” – The Messenger

From the beginning of the year Matteo Renzi has officially entrusted the keys of economic control room of Palazzo Chigi. And Thomas Nannicini (42 years) from that moment follows several dossiers, in touch with the ministers Padoan, Poletti and Giannini. To work alongside Nannicini premier, professor of political economy at Bocconi, has frozen for two years the massive funding European research council (1.5 million euro) dedicated to research about “political mentality.” Perhaps because at Palazzo Chigi, on the subject, there is much to learn.

Secretary Nannicini with Renzi you are given the mission of growth. But the figures and estimates are still not satisfactory. Why?
“I would start from the news, from the paradigm shift with respect to the Second Republic: first the goal was the consolidation of the public accounts and the bond was growth, ie it was the fiscal adjustment without impacting too negatively on growth. With the Renzi government instead the goal is growth and the constraint is the consolidation of public accounts, it is clear that with the public debt we have is a bond of fiscal adjustment to keep in mind: no one wants to return all’Italietta which creates, or is under the illusion of creating, growth with deficit spending. The adjustment, however, is slower. And it is slower because, finally, there is a government that is making the reforms postponed for two decades serving the country to return to growth. In any case, because of the crisis and the delay, these structural reforms can not create growth out of nowhere and suddenly. We apply a mix: to associate actions and economic reforms instruments that damage oxygen citizens, workers and businesses.

For example extending the minimum pensions from 80 euro bonus already this year ?
“From now until the end of the term, by 2018, the government will intervene to support the lowest pensions. It ‘too early, however, to indicate the technical formulation. “

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 04/27/2016 08:11:47

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