The Eu wants to another maneuver: it makes us pay the bill of Renzi – the Journal

Will rekindle tensions between Rome and Brussels on the public accounts Italian. The contacts between the ministry of Economy and the Commission are continuing and Pier Carlo Padoan has seen this morning at palazzo Chigi, the premier Paolo Gentiloni to make your point. Objective: to Evaluate and explain the sources of the Mef – all reasonable steps to prevent the opening of an infringement procedure and, at the same time avoid the risk that more restrictive measures on the budget compromise, the growth restarted in the national economy in 2014 but still weak.” Last 5 December, are the same sources, was held a meeting of the Eurogroup in which the finance ministers of the euro area have invited Italy to make useful steps to ensure that the budget in 2017 is in conformity with the rules of the stability and growth Pact. Steps that would be crucial to prevent the opening of an infringement procedure because of the high level of public deb t”.

on 16 November, the Commission promoted the accounts of theItaly , but showed at the same time some of the reserves. “We have not rejected the Italian budget because it would have been a gesture serious,” explained the commissioner for economic and monetary Affairs Pierre Moscovici, citing the contribution of our Country on the migrants and the difficulties related to the earthquake. But Italy was, however, inserted between the Countries “at risk”. And our situation, with that of Belgium, it was judged to be the most difficult among those in the immediate were not affected by the infringement procedure. “Without the grant of flexibility”, particularly for the earthquake, wrote the executive community, a “risk of a significant deviation of the adjustment path towards the budgetary objectives in the medium term,” would have recorded “already in 2016″. And called on Rome to “take the necessary measures within the process of the Budget law to ensure that the financial statements for 2017 comply with the stability and growth Pact”.

Now, however, the music is changed. And Italy needs to put the hand to a manoeuvre additional by at least 3 billion, in the best hypothesis. And must do so quickly. So, now the Eu wants us to pay the bill left by the premier Renzi and I would claim that the present government filled the gap between the commitments made last year and the balances resulting from the budget package approved by Renzi in October.

For Italy, “there is a willingness to do a maneuver that compress or depress the growth, which is the essential good to which we’re turning all the attention”, said the minister of Foreign affairs of Italy, Angelino Alfano, speaking to the press at the end of the foreign Affairs Council in Brussels. Answering the question on the hypothesis of a request of correction of the public accounts by the Eu, Alfano has stated that, “we have a work-in-progress on the part of the competent offices of the Mef (ministry of Economy and finance), with the Commission, but still there is no letter. Has not arrived yet, no communication at all. What is certain is that our are at work.”

“we’ll See if that will be the case to take additional measures to meet the objectives,” adds Piercarlo Padoan, who reminds us to “continue to work for lower taxes, structural reforms and raise public and private investment to support growth”.