Padoan: “We will respect the commitments’ – Il Sole 24 Ore

The result is full and Economy Minister Pier Carlo Padoan, it acknowledges in the letter sent yesterday to the EU vice president, Valdis Dombrovskis, and the Commissioner for Economic Affairs, Pierre Moscovici to respond to ‘latest missive arrived at the eve of the Commission today will give marks and recommendation to the budgetary policies of all countries. Padoan cash recognition for Italy commitment to hit a target of deficit / GDP in nominal terms by 1.8% (from 2.3% that the government expects this year). It also collects the “positive assessment” on the request of flexibility clauses related to structural reforms and the investment programs planned for this year. More. Padoan also emphasizes the recognition of the “additional fiscal space” of 0.1% of GDP justified by the costs incurred for the reception of migrants and security.

So the deal is done and the government now It undertakes to follow through with it. Before you say “safe” to be avoided “significant deviation” (from the programmed route to reach a balanced budget; ed) Padoan in his response recognizes the Commission’s analysis on the macroeconomic and fiscal situation of Italy. Both Brussels forecasts and those of Italy converge on the fact that the recovery is in progress and is getting stronger, “although not yet at a satisfactory pace”. But it is precisely because of this complex and still uncertain economic scenario which – added the Minister – we must take all possible steps, with national and European policies with those, “to boost growth and job creation.”

Italy’s commitment in this path, we are assured, it will be full. Since the “tax effort” mentioned in the recent stability program (a deficit / GDP planned at 1.8% compared with 1.4% trend and a debt which rose from 132.4% this year to 130, 9% of 2017, ed ). And these commitments – said the minister – will be confirmed in the next planning budget document, that Italy will send in Brussels in October with the launch of the operation in 2017, “in full compliance with European rules.” Including, of course, the path to a balanced budget, which will take place with the security that will be avoided

“significant deviations.

<'p> The letter of Pier Carlo Padoan was widespread after the early accolades for” overtime »made by the Minister who arrive by Matteo Renzi. The prime minister praised his minister in the morning from L’Aquila, where he was to sign pact for Abruzzo. The flexibility embedded for 2016 exceeds 13.5 billion “is an important fact even if it is less than we would have liked,” the premier said. Then in the evening back to talk about this success that paves the way to the third expansive maneuver of his Government. In front of the Democratic Party Renzi direction ensures that the battle will go on for flexibility: “To say that flexibility is not enough technically true but it is simultaneously an incredible underestimation of the starting point: they did not want citassimo the word flexibility. The word flexibility seemed impossible to decline in the European vocabulary. I speak of two years ago. ” Now, reached this milestone, will share with the confrontation on the appropriate development model for Europe. This will be discussed as early as Friday – announces Renzi – along with the PES leaders who have the responsibility of government and that you will see at the Capitol guests of the Democratic Party. “We want to get to an economic model proposed by imagining a shared path to be launched after the referendum on Brexit that, we hope, will keep Britain in Europe ‘.

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