Martedì, 23 Ottobre 2018

Italy should keep 'bazooka' ready says OECD


Rome, November 5 - Italy has done well to ease its
borrowing costs but should still keep the "bazooka" of European
aid ready in its battle against the euro crisis, the head of the
Organisation for Economic Cooperation and Development said
"Italy has to stay on market alert with the bazooka of
European Union and European Central Bank help loaded and set to
be triggered when needed," OECD Secretary-General Angel Gurria
told ANSA.
Premier Mario Monti is loth to access the ECB's bond-buying
programme, unless the spread between Italian and German bonds
rises dangerously again, because it would come with stiff reform
and oversight conditions.
Gurria added that cutting taxes on firms and workers,
currently being discussed in the 2013 budget as long as the
bottom line is met, would be "positive".
He also said Italy's fight against corruption, beefed up
last week with the approval of an anti-corruption law, was
"For its part, Europe must accelerate efforts against the
(euro) crisis," Gurria said.
"If Spain were to ask for a bailout and ECB bond-buying," he
said, "it would be an acceptable and very important decision".

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