The eu, Moscovici: deficit in Italy was 2.4%? “It is not the figure that we think”. A novel replication – Rai News

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08 October 2016The Eu Commissioner for Economic and Monetary Affairs Pierre Moscovici takes the distances from the assumption that the meeting point agreed with Italy for the deficit/Gdp ratio in 2017 can be equal to 2.4%. “It is not the figure that we have in mind,” he says during an interview with Class CNBC. Moscovici reports that negotiations with Roma are still ongoing “with a constructive spirit and positive,” stressing that the deficit has to be reduced to an appropriate level”.

A deficit/Gdp ratio of 2.4% for 2017, it would be acceptable to the Commission? “I do not mean to enter on the figures,” she answered, Moscovici – but these are not the figures that we have in mind at this point, and the Italian government knows this well. I don’t think that this is the figure that in the end, we will: again, this is the purpose of the discussions that we’re having”.

“We are discussing with the Italian Government, he added, with a constructive spirit and positive. But also with a spirit of serious, because there are rules that must be respected by all actors. Italy is a strong partner in Europe, and this means also show that a Country wants to give an example.”

Closely related to the reduction of the deficit there is the need to bring down the Italian public debt. “Certainly,” said the Eu Commissioner – the public debt is too high, about 130% (of Gdp, ndr) and should be reduced. This is why policies are needed to balance the solid, and that’s why we’re having a dialogue strong, positive, constructive relationship with the Italian government for the purpose of correcting the public finances at the right level. We have to continue in deficit reduction, not because we have a figure in mind, but why is there the need to progressively reduce the burden of debt that is weighing on the future of the young generations in Italy and also reduces the possibility of developing public policies that are strong and positive for the economy.”

In this perspective, Moscovici also held to clarify the meaning of his statements on the flexibility can also on the costs incurred for the reception of migrants and for the earthquake. “It is not a question of the green light (by dellaCommissione the Eu, ndr). Italy is one of the main economies of the Eurozone, and one of the main partners and was a founding member, and we want an Italy that is strong, the heart of Europe. We are always in need of Italy, as always, at the head of the european convoy, and not delivered to the forces of populist or contrary to the Europe or to the Euro”.

And on the topic of the referendum Moscovici said: “it Is up to the italians to make their choice, “we say” that “in Italy there is a need for strong reforms, which depending on the structure of the economy and the judicial system, and the regulatory environment, because when the institutions work well, the system works well”. “We respect the vote,” added moscovici. “Are the italians say, where are their interests.”

Padoan: from Moscovici is a great collaboration
A “great attitude” collaboration”. As the minister of the Economy Pier Carlo Padoan describes the position of the european commissioner for Economic Affairs, Pierre Moscovici, with whom Padoan has had today a bilateral meeting.

“the Deficit to 2.4%, if any, is required to Parliament”
“the government in The Update Note of the Def has put the deficit at 2%, then he asked the permission of Parliament to go up, possibly to 2.4% in order to cover the necessary resources” for the crisis of the migrants and the earthquake, he said Padoan, responding to those who asked for a comment on the words of the european commissioner for Economic affairs Pierre Moscovici, according to which 2.4% “is not the number that we had in mind”.And then: “Not to exchange information on weather forecasts, planned for 2017, on the contrary I confirm it”, stressing that Tuesday hearing will bring the evidence that “suffragheranno” numbers. “It’s not our job to support the reputation of the Upb,” he said responding to a question on relations between the Government and the Office of the Parliamentary Budget after the divergences on the forecasts in the update note of the Def.