“I am a strong supporter of bargaining at the local level” because “increases productivity. That the government should intervene directly on the contractual level it is debatable. The government can do something in terms of incentives, for the rest, however, it must be an effort that the social partners should be taken in charge and I agurono they do so because it is a win-win solution. We all are winners. ” In Trento to talk about ‘trust, solidarity and growth, “Economy Minister Pier Carlo Padoan advantage of the dellEconomia Festival stage to reiterate the government line on the reform of the contracts and the recovery in productivity. “If I can afford a joke – I joked the minister – I wish you would stop talking about flexibility and we started to talk about productivity.”
“” I wish you would stop talking about flexibility and we started to talk about productivity “”
Pier Carlo Padoan, Minister of Economy
with credit system reforms” stable within two years, “
As for the Jobs act, the reform has made “the labor market radically better and are already seeing.” And it was “a crowbar to the trust” because it showed that “a country deemed unable to make the reforms makes them.” Among these Padoan noted in particular the reorganization of the banking system, which, thanks to the “growth and recovery in investment, in a horizon of two years, which is the normal period of management of bad debts”, will allow the return to “stable credit system “.
public debt ‘downhill starting this year”
in the column of things done Padoan also notes the change of direction on the public debt ” will descend ‘from this year and “will continue in the following years”, an important news “also for the financial markets.” The reason that falls less than expected “is independent of government and is inflation, which is low, but go back.” “I put in the account privatizations – added Padoan – which as you have seen go on in spite of the pessimistic”.
Productivity, by 16 points late by the EU
Weak Growth ? “It is not true: the EU decelerates, Italy accelerates”
The appointment of the Festival is also an opportunity to raise yet another barricade against those who believe the Italian GROWTH too uncertain and discontinuous, still far from the European average. “Surely you must do more – admitted the minister – but it is not true that growth is weak, is accelerating and next year will be higher, in a context where everyone is decelerating, Europe decelerates Italy accelerates. ” The 1.2% of GDP GROWTH in the current year “or what will be could be more and it will be” due to “structural reforms” that will begin to “bear fruit.” Since he took office, the government’s strategy “is based on structural reforms, finance growth and tax cuts: we cut different in abundant measure: we will see to understand, given the tax cuts that have already been made and which some will enter positively in people’s pockets in the coming months, such as those on the house, what can ‘still be cut. ” The margins for a reorganization of personal income tax rates are still tight to “Tax cuts for businesses are already planned,” said Padoan also confirming the IRES cut, but “if there is room to make further tax cuts to families we will do it, “even though” there are budget constraints, “which” are tight. ”
The “vicious circle” that hampers productivity
Fund Atlas “experiment that many countries are looking with interest”
also many topical issues touched by the Minister, as the mission of the fund Atlas Padoan considers “a private banking industry initiative comes at a difficult time,” an experiment “that many countries are looking with interest”, as confirmed by “a lot of requests for clarification” arrive “from my fellow ministers.” Atlas will have a “very important role” also to solve the problem of bad loans. For its part, “the government has pledged to speed up the handling of disputes of suffering, by acting on the rules of justice plan ‘when they will be operational” rules under discussion in Parliament “Italy can count on a diu” important element of acceleration of procedures “on the suffering market. In this context, he concluded Padoan, “Atlante will play the second reason why it is formed, to encourage and support a suffering market in Italy is not developed as it should.”
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