Thursday, October 27, 2016

Padoan: “the Effort on migrants help the Eu. Serves growth strategy of the town” – LOOP.it

With the manoeuvring face “events with exceptional measures for the earthquake and the migrants: on this last point, the effort in terms of investment is enormous, and it is to the benefit of Italy, but also and above all of Europe”. As the minister of the Economy Pier Carlo Padoan to the Savings Day, a day that is waiting for the response of the Italian government to the remarks of Brussels on the new Budget law, which have focused just on the Italian request of the largest margins of expenditure to cope with the emergency migrants, and to the safety of the area post-earthquake.

“The Italian economy is growing in a difficult context, the debt continues to come down,” and “in this context, the policy of the government continues in the narrow road to support the development and consolidation of the budget set by the high level of debt”. With “limited resources”, he added, the quality of the measurements is even more important than the quantity.”

“Despite the efforts made at the global level for solid growth, sustainable and balanced”, it still does the minister of the Economy, the “economic outlook remains weak and exposed to significant downside risks”. In Europe, therefore, the growth remains “significantly below expectations”.

According to the minister, “in the face of a context of weak growth and “uncertainty”, with the Eu is “in crisis of credibility” that “is required in the Eu and in ItUn saving alia a growth strategy-coordinate, essential to dispel the uncertainty.”

Padoan has confirmed, then, that the law of the budget, which will be sent shortly in Parliament, continues in the action of re-launching public investment” and “supports the growth”.

With the Budget law “in a context of fierce competition for the creation of quality human capital – said the minister – reinforcing the reasons to choose Italy, for example, introduce incentives such as exemption to 90%” of the income subject to Tax “for the researchers and 50% for employees, managers and self-employed move to Italy in his residence.”

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