Martedì, 16 Ottobre 2018

Monti compares productivity to Italian, German bond spread


(ANSA) - Rome, September 5 - Italian Premier Mario Monti
compared the difference between Italian and German productivity
to the spread between their 10-year bond interest rates at a
meeting with business leaders in Rome on Wednesday.
"In addition to the spread between state bonds that
negatively impact the cost of credit and business investments,
the spread in productivity assumes great importance, which just
as heavily affects business competitiveness," Monti said.
Business productivity is "considered of crucial importance"
to reduce internal imbalances in the eurozone, Monti added in a
note distributed at the end of the meeting soliciting "social
partners" like businesses and unions to commit to dialogue that
leads rapidly to shared proposals.
Monti also underlined that linking salaries with
productivity, and reforms to contract negotiation, were among
the European Council's June recommendations.
Monti said little progress had been made on these fronts.
"The government will continue to intervene in matters
imperative for productivity and competitiveness, like
infrastructure, innovation and research, tax simplification and
efficiency of the judicial system," the note added.
The premier also noted that there is "a goal to release 50
billion euros for investment" by the end of his government's

photo: Italian Premier Mario Monti and Confindustria President
Giorgio Squinzi.

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