Padoan intervenes in Cernobbio “On the crisis, the government does not relax” – BBC

FORUM AMBROSETTI

Milan , March 14, 2015 – 13:23

     
     
 

The government ‘not there is an atmosphere of relaxation. There is a window of opportunity macroeconomic very broad, one more reason to accelerate reforms. ” This was stated by the Minister of Economy, Pier Carlo Padoan, speaking at the seminar in Cernobbio. “The macroeconomic window – added the Minister – can produce ephemeral action or change the path of development in the medium term. We should not commit the sin of excess optimism, nor think that this justifies the weakening of incentives to make reforms. ”

Italy scored more

The growth was confirmed by the governor of the Bank of Italy, Ignazio Visco which, occurring always Ambrosetti reiterated estimates growth for Italy in 2015 and 2016, already communicated in February, which will be “more than 0.5% this year, and over 1.5% in 2016.”

Banks and investment

As regards, however, fiscal policy Padoan said that “it is necessary to reduce the debt-GDP and from this point of view the most flexibility of Europe is an aspect positive. It should bring down taxes, but we need to think above all about how you balance a reduction of taxes. So you have to think of spending cuts, the spending review that is alive and well and that is the attention of the debate in the government and in this the dialectical relationship with the regions and local authorities continues. ” On the pillar investments, Padoan said that “will continue to be a central element in the government’s policy. The idea that private investment can be stimulated by tax incentives and simplification still there. ” Finally, on the reform of banks Padoan said that “will strengthen the Italian banking system,” stressing that “It was one of the things that were there for 20 years and who had not been made for several reasons, but in the meantime the world has changed ‘ , starting from the union bank in Europe. On the South instead the minister recalled how a theme to reopen “I do not think a specific policy on the South because they would approach of marginality. We must instead see what impact the government’s policies for the South. If we use European resources and we attract private resources is a part of the economy of the South that will benefit. ”

March 14, 2015 | 13:23

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