“The highway is growth”, and for this reason the “rating” from the government on possible measures to be put in place to respond to requests in europe – the letter from Brussels has arrived today afternoon at the ministry of the Economy – will be a bit wary.
In this indication, expressed yesterday by the minister of the Economy Pier Carlo Padoan in an interview to Tg3 of the evening, there are the reasons of the comparison with Brussels on the accounts of the Italian restarted after the suspension tied to a referendum and the new government. For the same reasons, feed the irritation that leaked from the Palazzo Chigi, where you judge wrong both in substance and is in time with the resumption of the debate community on the decimals in the days of the settlement of Trump and other shocks geo-political present questions on the prospects of the Gdp. In this perspective, a new intervention on the accounts is given at the time as far from obvious, and the goal is to talk about it to the maximum with the Def of April. Accounts, is the reasoning, should be kept under control, but without stifle in the bud the chance to go back to push the production of wealth; also on this line travels in continuity with that of the government Renzi, and thus aims to confirm the 2.4% deficit/Gdp without asking for "discounts", but without even produce tears blinding with the constraints of europe.
Letter to the Eu to Italy: “In manoeuvring hole of 0.2% of Gdp”
the discussion on The decimal has a base of technical, and is based on the risk of “significant deviation” (i.e. above 0.5%) between the target european and the actual deficit carried in the balance sheet from Italy. Its development, however, is political because it on the scales, next to the adjustment of accounts, there is just the need to not break down with restrictive measures growth from the legs and still too fragile. For these reasons, the negotiations with the Eu looks set to field a wide range of themes: from the “relevant factors” that, according to Rome justifying the decisions taken in manoeuvring the long comparison on the output, that is, on the calculations of the distance between the potential growth and the real, the rumors are many, and all concentrate on the question of Gdp.
Imf: world economy recovering, down estimates on Italy (+0.7% in 2017)
Just yesterday from the international monetary Fund has arrived, the cutting on the estimates for the inner product of the Italian, which, according to the new calculations should grow this year by 0.7% and 0.9% (the government aims instead at 1%) to arrive in 2018 at +0.8% (instead of 1.1%, while the government calculates at 1.2%). The numbers of the Fund, in short, are far from those of the program of the Italian budget, and Padoan his part, is said to be “a bit astonished” by the new estimates of the international monetary Fund, and especially their reasoning. The reference is to”the political uncertainty, difficult to argue” according to the minister after the passing of the baton between Renzi and Gentiloni, and the “problems with the banks”, upon which “the government has taken important measures”.
the Most growth and the primary surplus to “soften” requests
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To feed the objections of Brussels, there is once again the public debt, that in 2016, has not engaged the reverse gear promised at the time by the Italian program, referring to this year the appointment with the reverse route. Also at the base of the remaining debt is too high in 2016, but he maintains Padoan, were the dynamics too opaque growth, which resulted in deflation (confirmed yesterday by Istat) and the market conditions unsuited to the development of privatisation programmes. Programs, assures the minister, “will share this year”, starting from the second tranche of post office. Out of the discussion on the structural dynamics of the debt, but still 20 billion potential made available by the decrees of Christmas for the support to banks in difficulty. These emissions, when there will be, will be one-off, in the sense that the intervention of the State will be temporary (we also enforce the Eu rules) and that the resources will be recovered with the return on the market of the banks, “saved”: a mechanism, and suggests Padoan, who will close the “profit” for the public accounts.
Davos, confidence comes back. Less optimism among ceo Italian
The water poured from the minister of Economy to the requests of european-off, of course, the controversy of the opposition, with the leader of Forza Italia in the Chamber Renato Brunetta, who is asking the Customers “discontinuity” after the “failure of the economic policy of the Renzi. He and Padoan have played with fire – charge – and they wanted to buy the consent of the referendum: it went evil the referendum and go bad, and even the accounts”. From Five-Star, instead, the blog of Beppe Grillo takes its cue from the downgrade came on Friday from the Drbs to talk about “the economy terminal” and ask for the resignation of Gentiloni and Padoan in addition to the “definitive withdrawal” of Renzi from the political scene.
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