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This article was published March 7, 2016 at 16:22 hours.
the last change is the March 7, 2016 at 17:39.
“the climate” with the EU Commission “has definitely improved, but it was good before and there are many concrete things that we’re working together. ” This was stated by Economy Minister Pier Carlo Padoan, upon his arrival to the Eurogroup in Brussels. He added: “We are waiting for the final go-ahead on flexibility, it seems to me that there is recognition that the debt has stabilized and begin to fall and that there are some adjustment margins that will go exploited.” Words of optimism that have been reflected in those of the EU commissioner for economic affairs Pierre Moscovici, for whom “with Italy you are looking for an actively Agreement ‘and the visit of Juncker in Rome” has led to a new climate » . Not all nodes, however, are loose, because, as pointed out by Moscovici ‘one thing is the climate is another matter. “
Padoan: debt ratio to decline, make adjustment margins
Padoan, reaching the Eurogroup in Brussels, stressed that from today’s Eurogroup conclusions should not expect “anything new.” He explained: “We are waiting for the final go-ahead on flexibility, it seems to me that there is recognition that debt is stabilized then start to fall and that there are some adjustment margins that will go exploited.” As for the letter which should arrive tomorrow from the Commission on the macroeconomic imbalances of Italy, “is part of standard procedure, so I’m not worried, I expected it.”
EU Letter: Italy subject to “special monitoring”
And in Italy’s position in the valuation effects on macroeconomic imbalances that the EU Commission will announce tomorrow should not change in substance. With the passage of six categories in which until last year was highlighted the severity of four imbalances, Italy should be located in one of the imbalances considered “excessive” without this, however, involves the activation of a formal procedure under tight surveillance. This was confirmed by sources qualified agency Radiocor. Italy, like other countries, however, continue to be subject to what in Community jargon is called “special monitoring” and will be required to ensure decisive policy action to tackle the imbalances, starting with the need to reduce public debt with respect to the stability pact rules. It should be the message that the Commission will write a letter to the government. Last year, Italy was in the category of countries “with excessive imbalances that require decisive policy action and specific monitoring” together with Bulgaria, France, Croatia and Portugal.
Moscovici: Italy with new climate but beware substance
“I am in permanent contact with Padoan, there is a degree of flexibility that Italy can benefit, there are rules to follow, try an actively agreement, Juncker’s visit to Rome led to a new climate but one thing is the climate is another substance and sometimes is slightly different, “said the Commissioner for economic Affairs Pierre Moscovici, adding that the agreement on fiscal policy for which you are working is related to the requests for flexibility on advanced public accounts from Italy and that the current process involves “criteria and rules to follow.” The Commission considers that the 2016 Stability Law is at risk of violating the rule on public debt reduction.
Padoan: privatizations of 2016 confirm target Def
On the front Padoan privatizations confirmed for 2016 the government target ( “there are numbers that you know on Def”) despite the postponement to 2017 of the listing of Fs. Def In 2015 the government intends to implement privatization to 0.5 percent of GDP in 2016 and 2017 and 0.3 points in 2018.
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