From super finance minister to the European Monetary Fund, Italy’s recipe for reviving Europe – The Messenger

A fiscal policy that supports growth, transforming the European Stability Mechanism in European Monetary Fund, establishment of a Finance Minister of ‘ eurozone. Are just some of the proposals contained in the “Italian Document for Europe”, a “position paper” nine pages in which the tricolor government illustrates the “Italy’s strategic proposal for the future of the European Union” aimed at “growth, jobs and stability. ” A proposal all the more necessary because, explains the Government, “the European project is suffering an unprecedented crisis.”

“With modest growth rates and prolonged and exceptionally low inflation, the extraordinary measures put in place by the Central Bank European are proving insufficient. ” For this you need to do more, for example using the spaces offered by fiscal policy to support growth. “Restoring a sustainable growth path and creating jobs is also the most effective way to keep the debt to a sustainable path,” he said again. Staying on the subject of finance, the government makes you complete the banking union, a “key priority” in a position to provide the necessary tools to address the systemic crisis, and creating the European Fund deposit guarantee, which instead would strengthen confidence towards the sector. Yes to the creation of a single Minister of Eurozone finance, a “super minister” with the main task of a common fiscal policy and ensure a consistent and balanced budget policy pursued at the aggregate level. The position paper also suggests the transformation of the European Stability Mechanism in European Monetary Fund while as regards immigration, the Italian executive asks a shared policy on border management and ad hoc financing sources, for example through the issuance of bonds Community.
 

 22/02/2016 17:00:02

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