Accounts Italy, the Eu calls for 0.2 points of Gdp of adjustment. “A clear answer by the 1st of February,” – Il Sole 24 Ore

the letter of The Eu Commission with the request for the adjustment of the public accounts of the italians has been received from the ministry of the Economy, which in these hours is evaluating. According to sources in the ministry of finance “, the deviation that the Commission should be corrected is estimated at two-tenths of a point of Gdp, amounting to approximately € 3.2 billion: “We are in contact with the Commission and in the coming days, we will make the assessments of the case. If, how and when to intervene will be decided by the Government in the next few days”.

Mattarella: “the Eu is concerned with growth and employment, especially of young people,”

After the arrival of the message takes a position with the Head of State Sergio Mattarella, today, in a visit to Athens. “It is right that the Eu asks the member States to have accounts in order and the finances in place – has underlined Mattarella, during an interview with the president Prokopis Pavlopoulos – but the same rigor must be used even when the States have defaulted in immigration and other cases. The same level of commitment there is to growth and employment”.

Italy under observation from last November
The same sources of the Mef remember that by November 2016, “the european Commission believes that the financial statements of the Italy to 2017, can make us deviate from the long-term reduction of the debt/gdp ratio, and has transmitted to us a request of intervention in order to ensure the conformity of our financial statements.”

On the manoeuvre-bis, the Government takes time. Ongoing negotiations between Rome and Brussels

The negotiations in order to avoid such a manoeuvre-bis
The document follows the negotiation that occurred in the past few days, between Brussels and Rome on the figures and on the timing of the adjustment of the structural deficit, the Italian Government decided to prevent the submission of budget measures, supplementary, by the first of February, when will be published the new forecast on the performance of the accounts of the Eurozone Countries.

If, on the Italian side will not be presented any guarantee of adjustment, the deterioration of the structural deficit, a parameter that is related to the performance of the debt, would not leave another choice for the opening of an infringement procedure by the Eu for excessive debt, which would force Italy to be a heavy path of adjustment of accounts.

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