Eurogroup Jun ‘taxes on labor Q & Renzi-Katainen – AGI – Agenzia Journalistic Italy

Economy

September 12, 2014 23:29

(AGI) – Milan, September 12 – The Eurogroup and ‘efforts to reduce the tax burden on labor and today discussed common principles for this purpose. And ‘the statement issued in the closing work of the Eurogroup meeting today in Milan. “Reducing the tax burden on labor – says a note – it means supporting consumption, stimulate the supply of labor and employment, so ‘improving competitiveness’ costs and profitability’ of companies. Increase ‘therefore’ demand growth and support the creation of jobs and contribution to the smooth functioning of monetary union. “

Bankitalia rises in debt, down ‘industrial production

Meanwhile there ‘to record the response that the future vice-president of the European Commission, the hawk Jyrki Katainen, has given the premier Matteo Renzi. “We do not want lessons from the EU,” said Renzi. Europe makes no lesson to Italy ’cause “we are not masters but collaborators.” “The European Commission is not ‘a teacher – said at the end of the Eurogroup meeting in Milan – we are collaborators. We’re just interpreting how well the various countries are meeting their commitments and what they have promised to the other states.”

To search for more growth in Europe “you can ‘do very well within the existing rules.” “The stability pact ‘allows flexibility’ under certain conditions – he said – the important ‘that there are no absolute interpretations, in white or black, you should not choose recovery or consolidation, because’ the situation is not ‘so’ simple. According Katainen “should be interpreted healthy fiscal consolidation ’cause the best confidence and carefully consider the composition of public expenditure so that’ more ‘priority countries create’ between investments.

Further reforms for competitiveness’, and that ‘Europe’s problem, structural problems are more’ than cyclical. Today the debate and ‘satisfactory condition, even among the ministers there’ understanding on this point. “(AGI).

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