The Treasury: the EU is not asking additional maneuver. Padoan: Germany … – Il Sole 24 Ore

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This article was published on December 8, 2014 at 17:30.
The last change is the December 9, 2014 at 10:17.

“No request for additional measures: Stability Law in 2015 implemented effectively relaunch the Italian economy” . Economy Minister Pier Carlo Padoan greets with a tweet reassuring the term of the Eurogroup, “Even Eurogroup appreciates reforms agenda of Italy. Effects on our economy depend on effective and timely implementation. ” Earlier in the afternoon, his spokesman Roberto Basso had anticipated him: “From the Eurogroup statement shows no request for an additional measure. The Eurogroup acknowledges the importance of the Italian effort on reforms. ” The agreement on the EU budget in 2014 and 2015 is in fact very close: the today’s round of negotiations between Parliament, Council and European Commission went well, but the perc ok you will have to wait for the final meeting of the ambassadors of the 28 scheduled for tomorrow .

Padoan: step forward, now complete the work
“Today – said the minister coming out of the summit in Brussels – we made a major step forward to resolve the issues outstanding for the budget of the EU in 2014 and 2015. Now we have to finish the job and reach a satisfactory outcome for all. “

Berlin must make more investments
Padoan had indeed given to the German Die Welt his message to the European partners. In the interview the minister says ‘worried’ every time in Europe “is exaggerated with mutual criticism: it is not the right approach. We are all in the same boat – supports – and we should all work for the same goal. ” Stop the allegations, therefore, also in Italy, which takes issue with the excessive rigor German. But Padoan not waiver remember that Germany, as noted by the Commission, too, has a trade surplus and high ‘needs above all one thing: more investment “that would be helpful” to Germany itself but also to the entire Eurozone. ” “Everyone – recognizes the minister – in Europe would benefit from an increase in domestic demand. We are on the brink of deflation. “

The watchword in Europe is” integration “
The growth – structural reforms and investments – is a path to be because “austerity alone does not get us anywhere.” According to the Minister “for Europe there is no plan B. The right strategy is to advance the integration: we have a currency union, we have a banking union, we certainly need a union of the capital market and perhaps even a fiscal union. ” “The opposite of integration – ends – is disintegration.”

Certain reforms
As for Italy, Padoan reaffirms the determination of the Government to implement the plan of reforms started and says he does not share the reservations of Standard and Poor’s. “We do not comment in general assessments of rating agencies, which are positive or negative,” he says. “In that case I understand it this way: our plan of reforms is judged positively, while still some reservations about how fast they can get the results.” But “we are very determined to implement our program as the approval of the labor reform has clearly demonstrated, so we do not share such reserves.”

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