Rome – “If we present ourselves in Europe and markets with a credible business plan for Italy based on stimulating investment and competitiveness of the production system there are places to get what we need.” Carlo Calenda, Minister of Economic Development, thinks this is the way to get back from Brussels the so-called flexibility on the accounts. Claims that the offer needs to be invested rather than demand while on reforms explains that it “must regain cohesion by managing expectations and admitting the difficulties.”
This means not re-comply with the restrictions on the deficit. The Ecofin has already said that it can be done only once.
“We have always been in the rules, but the rules can not be read one way. That is to complete banking Union, blocked vetoes by the Germans, as well as for fiscal discipline. the Juncker Commission has introduced a clause of flexibility for investment and reforms. the Ecofin has limited foolishly use to a single year. We need to broaden the temporal and quantitative scope “.
is attributing to Europe and the austerity policies that are probably above all our sins. The little room for maneuver that we derive from the mountains of our debt. Europe is not likely to become an alibi?
“On the contrary should be a stimulus for better use of resources. The debt is then an impassable limit for liability reasons that have nothing to do with Europe. But many of the answers that the public expects require a European scale. This is especially true as regards the external dimension: migration, security, trade. from the paper of Padoan on growth in migration compact, we have offered concrete proposals but the responses were weak. Governments that have elections in 2017 (Holland, France and Germany, ed) seem to want to avoid political shocks that would result from the revival of the European project. Just look at the case Brexit you are taking surreal contours and risks to paralyze Europe. the role of starting from the next meeting of Ventotene will be decisive to give a full reverse signal. “
We stay in Italy. The next challenge is precisely that of the law of balance. It makes sense – you think that was a manager in private companies – debt, among other things, to pay more pensions and to raise public salaries? Worth putting again at risk the balance of public accounts? Would not it be better to use all the resources for investment?
“I think investment and competitiveness are the two pillars around which to build the maneuver. The undifferentiated stimuli to demand do not work in a climate of generalized uncertainty which is destined to last. we need to identify with a few clear, precise growth drivers on which to concentrate resources, transparently explaining to citizens that the results will be seen in time. “
is criticizing the bonus policy? From 80 euro to the hypothesis of increasing the fourteenth of pensioners?
“There are strong reasons of social equity in favor of each of these measures. But I think that it is time to accelerate the push on the competitiveness of production system from the new manufacture, but not only, tourism and culture are another pillar of our development model in which to invest. “
What is the development package?
“We have prepared, with input from the President of the Council, along with Padoan, Giannini and Nannicini the plan” Industry 4.0 “which is based on strong fiscal stimulus for investments in machinery and digital goods, additional support for enterprise bargaining, building a network of university centers of excellence on innovative manufacturing, measures to encourage the finance for growth, a plan on training for businesses, students and workers. We will launch later radically restructured energy market that will have the dual aim of lightening the bill for energy-intensive companies and redesign of the electricity capacity market. Of internationalization and digitization will be enhanced the work done with the special plan for the Made in Italy and one for broadband. The times to permanently attach the Italian productive system to international demand and technological innovation have become tight, we have to do it again with an industrial policy driven by business demand, without dirigiste ambitions and incentives to rain. “
Do not think that behind the zero growth of the GDP, there are also the weakness of the therapy adopted by the government?
“the decision is up to the citizens not to me. Let me say though that jump-start the economy and society is more difficult in Italy because even before the crisis, and the polarizing impact of globalization and technological innovation fractures in our society were particularly profound: South / North, young / old, internationalized companies and households etc. To reassemble it takes a long time, a lot of resources in the country and rebuild a climate of awareness and unity around a long-term project. More and more reforms and cohesion must go together. “
The consensus, however, seems no longer on your side. Since the reforms are arriving lights but also shadows. Excluding the outcome of the forthcoming constitutional referendum, the government lost enamel and proactive approach. You are on the verge of crisis?
“I do not think. This government has achieved more reform than any other executive in recent history. And if that is not enough to trigger immediately sustained growth and above all to reassure the citizens about the possibility to successfully face the challenges and the dangers of a future that is uncertain is also because we are swimming against the current. We cross one of the most difficult passages of the history of the past 50 years. From 2008 onwards we live financial crisis, geopolitical and migratory continuous whose frequency is increasing. The international scene is crossed in the West with a crisis of confidence in the ruling class that is born from the broken promise of globalization and technological innovation as a uniquely positive phenomena for all. Inevitably, this creates the temptation to close and look at the past. But to continue the reforms, manage expectations realistically, clearly explain the project-country, do not hide the difficulties but not extraordinary strengths we have and on which we need to invest, is the way to tackle the difficult crossroads of history we are going through. “
No comments:
Post a Comment