Padoan: “Effect reforms in 2 years. Intervene ECB on inflation at 2 … – Rai News

The Treasury confirmed the low growth estimates, but remains confident about the reforms: the effects will be seen in the medium term. No comment from Brussels on secret pact with Italy for greater flexibility on the public accounts

August 17, 2014 The Minister of Home ‘ Economics Pier Carlo Padoan intervenes in the debate on possible solutions to overcome the crisis talking about the BBC: “All the actors in the field to do their part, including the ECB – he said – which means bringing inflation back near 2%” .

Padoan: “The effects of the reforms will come in the medium term”
In the same interview Padoan defends the actions of the government: “I am confident that the reforms we are making will impact in the medium term, which means in the next two years. To see the effect of the reforms on growth – he added – it takes time. ” For this reason, the minister invites the reporter to bounce back alive in 18 months. Holder of the Treasury confirming forecasts downward economy, but stresses it is not just an Italian problem.

Baretta denies corrective action
government programs are so ambitious. No step back in the 80 euro paycheck and especially on assumptions of higher taxes in the short horizon. The Economy Undersecretary, Pier Paolo Baretta, who reassures there will be no corrective action in the fall: “There’s no need,” says the microphone Fabrizio Angeli for RaiNews24. Although the economic situation is not the best because the rule would be “further recession in a situation where there is need for investment and recovery.” For this reason the 29, the Council of Ministers on the calendar will give a new impetus to the Italian economic situation.

Rumors: negotiation Rome-Brussels discount on the reduced deficit
words Baretta tell the day after the political and economic indiscretions, published by La Repubblica, about a possible secret negotiations in Rome with the EU for greater flexibility and the reduction of some parameters of the fiscal compact. Assumptions that would facilitate the stability of public finances and thus avoid the need for corrective measures. Tight-lipped in Brussels, where they come only “No comment.” Of course any negotiation sull’abbattimento deficit and public debt is related to the presentation of the reform plan. So the facticity is moved in the fall. Season that promises to be quite hot in the EU area, as France has also admitted that it could not comply with the budget constraint of 3%.