Sabato, 20 Ottobre 2018

Italy doesn't face short-term fiscal stress, says EC


Brussels, December 18 - The European Commission
said on Tuesday that Italy is in no danger of fiscal stress in
the short-term.
It said that there were some possible problems in the
medium term, but it should be possible to avoid these if future
Italian government continue with the policy of budget discipline
adopted by Premier Mario Monti's emergency administration of
unelected technocrats.
"Italy does not appear to face a risk of fiscal stress
in the short-term," the EC said in its Fiscal Sustainability
Report 2012.
"Sustainability risks appear to be medium in the medium
run, while becoming low in a long-term perspective, conditional
upon the full implementation of the planned ambitious fiscal
consolidation and on maintaining the primary balance well beyond
2014 at the level expected to be reached in that year".

Photo: European Commission President Jose' Manuel Durao Barroso

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