Giovedì, 18 Ottobre 2018

Spain and Italy must 'follow through,' says IMF outlook


(ANSA) - Tokyo, October 9 - Both Spain and Italy "must
follow through with adjustment plans that re-establish
competitiveness, fiscal balance and maintain growth,"
International Monetary Fund Chief Economist Olivier Blanchard
said on Tuesday.
Blanchard said in Tokyo at the presentation of the IMF's
twice-yearly World Economy Outlook that the two countries must
be able to "recapitalize their banks without adding to their
sovereign debt and be able to borrow at reasonable rates".
European stock exchanges gained ground last week after
the IMF voiced support for tax reforms in Italy, saying that the
bill proposed in parliament would make a "significant
improvement" to the country's tax system by streamlining and
adding transparency.

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