Padoan: “Growth Opportunities wide. But now we can not … – Quotidiano.net

Rome, March 14, 2015 – “There is a new optimism, with Qe, that there was not until a few weeks ago.” Speaking at the Ambrosetti workshop in Cernobbio, the Bank of Italy governor Ignazio Visco , took stock of the situation of the Italian economy. In relation to the world and to the markets. “The force with which the euro is falling is greater than expected,” said the number one palace Koch. “But we want to focus on the excesses of optimism, there is still fragility – warned – because we are emerging from a deep crisis, financial, and sovereign debt in Europe. But I think the problem will resolve Greece”.

‘WOE TO HAVE REGRETS’ – The economy serves more credit and Italy need a banking system restored portenziato. To this the governor, without entering directly into the reform of popular banks (the decree of gopverno must esere approved in the Senate by 25 March), states that “the right direction” to ensure the finish line “a more solid and transparent governance”. And here Visco, numbers man, lets go to a literary quotation: “crisis.” We do not do that as Gozzano wrote of regret ‘that I did not pick the roses’. Right now there is an opportunity to be seized. “For the Italian system, of course.

PADOAN – The Forum also included the Minister of Economy, Pier Carlo Padoan, that on the sidelines of the workshop said: “ Every relationship between Grexit and Italy is misplaced . Risks to Italy would not grow for a Grexit “.” Our fundamentals are strengthened, it has also recognized the European Commission, “said after the Minister defense greek, Palos Kammelos, spoke of the risk of leaving the euro for Italy and Spain if Greece exits.

On the possibility of agreement between Brussels and Athens, Padoan said that “we are trying to find a solution consistent with the EU rules and are confident that we will succeed. The hypothesis of a Grexit is very negative, it is the public interest that remains in the euro. “Moreover,” Italy has a good relationship with Greece and I have a good personal relationship with Varoufakis, “he recalled.

“The window of macroeconomic opportunities is very wide” but “ what you do not breathe in the government is an atmosphere of relaxation” , said Padoan. But “is basic trust: is recaptured one of the markets, and this perhaps you begin to see, one of the international institutions” from the European Union, “but above all the confidence of citizens and families to mobilize resources, “continued the minister, according to which” we must uphold the trust and that I and the government we have continually in mind. “” The time horizon of the reforms is the legislature and this is not said for political strategy but because of their effectiveness “serving time, continued Padoan.

” Two things you should not do: sin of excess optimism and not seize the incentives to make reforms “concluded Padoan, convinced that in Italy” serves a critical mass of reforms “.