Padoan: Italy continues the reforms, the problems the Eu from Brussels and Frankfurt – The Sun 24 Hours

DAVOS – FROM OUR correspondent
“The problem of Europe is Europe. Our problems are born in Brussels and sometimes in Frankfurt. This is the problem. We have to reverse completely the policy because now you are giving the right arguments to convince us that populism has reason”. As the minister of Economy, Pier Carlo Padoan unusually hard and toni stringent speaking in Davos during a debate on the “middle class”, with Christine Lagarde of the Imf and Larry Summers, former Us Treasury secretary at the time of Bill Clinton .

“We need to take populism seriously because those who vote for him, in many cases, they are good people, who are concerned about the future of their children, on education, on security. And should be taken very seriously,” added Padoan, the minister, however, from the populism does not come answers. “The solutions are complicated and require time to solve the problems.”

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

“The advanced economies and especially Europe, the dissatisfaction of the middle class, the disillusionment for the future and the disappointment of their children’s prospects are expressed by saying no to whatever political leaders suggest, and in these conditions the “find final solutions, a silver bullet, it is more difficult to say “no”, he explained the minister of the Economy in a climate of rethinking of the policies of globalization. “It is the sign of a crisis that requires the re-thinking of the leadership.” “Trump and the followers of Brexit have a vision, the Europe, unfortunately, has a vision to offer”, said Padoan. “Let me reassure you on the fact that in Italy we are continuing the strategy of structural reforms, the minister added, noting that sometimes the media are not interested in the hard work of implementation and on the day of the announcement of the reforms”.

Imf: world economy recovering, down estimates on Italy (+0.7% in 2017)

Lagarde on the attack
it Is time that political leaders ripensino deeply the economic and monetary policies, in front of the clear response to the protest and disappointment of the middle class that comes from the results the politicians in the Usa or Europe. He said the director general of the international monetary Fund, Christine Lagarde: "it Probably means that it would take a larger redistribution of income than we have today," said Lagarde in the same panel on the anger of the middle class at the world economic Forum.

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