The Eu writes to Italy and asks you to correct the accounts of 3.4 billion – The Republic

MILAN - The letter of Brussels has arrived: as anticipated from the Republic in the past few days, the european Commission has requested Italy to correct its public finances, and cut borrowing for a value equal to 0.2 percentage points of Gdp, that is 3.4 billion euro. And the Treasure has time until the beginning of February to give a response to this request.

“The offset which according to the Commission, should be corrected is estimated at two-tenths of a point of Gdp. We are in contact with the Commission and in the coming days, we will make the assessments of the case. If, how and when to intervene will be decided by the Government in the next few days”, sources of the ministry of the Economy, after the arrival of the message.

The same sources underline that “from November of last year, the european Commission believes that the financial statements of the Italy to 2017, can make us deviate from the long-term reduction of the debt/Gdp ratio, and has transmitted to us a request of intervention in order to ensure the conformity of our financial statements.”

Yesterday, the minister of Economy, Pier Carlo Padoan, has not ruled out the use of new measures to contain expenditure, and has put the technical structure to the work. The Accounting matches are played in the directions of the linear cuts of a few hundred million at the expense of the ministries, but in the calendar they could get the revision of the infrastructure funds, which weigh in at 2.9 billion, and also all the bonuses and tax rebates that are judged to be expendable. In the background, you shake the risk of an infringement procedure (the tab: how it works) which in fact would mean to bend the Country to the direction of the Eu.

Topics:

Eu Commission

european Commission

public accounts

the Deficit/Gdp

debt to gdp

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