Cottarelli, possible 20 billion cuts, penalties for spending
The identification of 20 billion in cuts for the next Stability Law is not a mission impossible. We must indeed go further. Provide other stages, ” as in a relay race ‘.’ Expand the horizon beyond 2015 ” In this context, the 1000 days are the right time ‘.’ Commissioner Spending Review, Carlo Cottarelli, explains his strategy to entrepreneurs and financiers gathered in Cernobbio for the Ambrosetti Forum. Dark suit, talking plush but sharp. Promises even more pungent measures for administrators who need to realize the savings. With ” audits of getting things done and even sanctions ”. Yes, because one of the nodes of the beautiful country it is the concrete implementation of the rules are approved, which sometimes are too many and are likely to become ” bottlenecks ‘.’ The style is completely different by the vehemence with which shortly after the president Sergio Marchionne Fiat launches its accusations in Italy of ” leopards ”. But it sounds like music to the ears of entrepreneurs struggling with inefficiencies in the national system. Also explains why – is preordained ” globalization will require to keep taxes below a certain level. ”
And if you can not tax you have to cut spending. It ‘an intervention from technical, but – for the contents – also appears as a sign of respect to the demands of mending premier Matteo Renzi. Beginning with the magnitude of maneuver to get to the judgment on the time needed to implement a true spending. ” Cut for $ 20 billion? – One wonders just in front of the audience of Cernobbio – I believe we can do it because we start from a base of primary expenditure of 700 billion. Indeed we must go well beyond, look beyond 2015 In this context, the 1000 days is the right time ‘.’ But Cottarelli identifies critical issues in the implementation of the reorganization of the expense. Need political will, but also to spread among the individual directors should be made aware that quality choices on spending. And ‘This is the spending review. But must also include ” control mechanisms and possibly penalties. ”
Cottarelli said he sent 200 letters to as many local governments to ask for the Application of standards for the centralized purchasing of goods. ” Some people are angry – he said – rather it is a normal thing. The municipalities do not have to take them as if we doubt what they did ‘.’ The implementation of the rules is one of the problems. But even bulimia legislation. ” We must try not to create bottlenecks ‘,’ he says with reference to the approval of too many rules that make it difficult then approval. To describe the rest of the Spending Review Cottarelli uses the metaphor of race to say that we should not look too short and not too far away, but predict a progression of steps. ” It ‘s not a sprint – he says – and it’s not even a marathon. And rather ‘a relay race’. ‘ The risk is that it becomes an obstacle course.
Padoan, capable of making reforms work is joint
The rating of Italy must be defended with his teeth, labor reform is the central hub of ‘government action and the recipes that circulate for debt reduction are the result of the imagination, the only real plan is what passes for the disposal of certain investments of the state. The economy minister, Pier Carlo Padoan, in his speech at the Ambrosetti workshop sheds light on the hot topics these days ridden by economists and industrial and, summing up, show some optimism when he says to see some “signs of recovery”.
And the governor of the Bank of Italy, Ignazio Visco, in an interview with the Republic, underscores the need for a plan for growth and to do soon, the minister responds as “we have enough time for reforms that help to improve the public finances, starting with the work. ” In his interview with the governor, however, had recognized, however, as many reforms have been made but “if we have any time there is a change in political will call into question all previous choices, the effect of the reforms become weak” as opposed to other countries such as Spain. For investments need certainty, he says. And so after thanking the Fca CEO, Sergio Marchionne, for the words of confidence about the “program of the Thousand Days” launched by Prime Minister Matteo Renzi, the number one Via XX Settembre has been stated that this plan “is necessary to bring back competitiveness in the country. ” For this, he continued, Palazzo Chigi engages in the development of reform past, present and future in the hope that “back confidence among both households and businesses.” “One of the first steps of the strategy of the Thousand Days – he added – is to bring the country to be stronger. Recovery in Italy also helps the growth in Europe. Crisis began in 2007, thousand days will end in 2017 and many will be tempted to say that it will be a lost decade: we will ensure that it is not so. “
Still on the subject of reform, Padoan, reminded once again that” we are quite capable “of doing them,” we will our share in Europe and Europe will do its. ” Meanwhile, however, we must not “assume” that the sovereign rating “must be defended every day” from possible downgrade by international agencies. “There are important limitations – he pointed out – which some consider to be symbolic, such as the one on the 3%” of the deficit / GDP ratio. As for the debt, the minister then admitted that he had read many imaginative recipes and that the only knowledge of the government is that of privatization. “To bring it down quickly and easily – said the industrialists – and for substantial amounts” must continue with this “program that will have an impact on the investee companies and with a more open capital outside.” Padoan then wanted to make an appeal to the European institutions in the fight against deflation. “The situation” economic “is compounded by an unequivocal fact – he said – namely that prices have this trend. This requires that Europe will face a team effort, institutions, each for their part, do what is necessary” .
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