Giovedì, 18 Ottobre 2018

Rehn says Italy doesn't need more austerity


(see related story)
Brussels, February 22 - Italy should not need more
austerity measures to hit its budget targets, European Economic
and Monetary Affairs Commissioner Olli Rehn said on Friday.
But the government that is formed in Rome after Sunday and
Monday's general election must continue with the fiscal
consolidation policies adopted by outgoing Premier Mario Monti's
emergency technocrat government, Rehn said.
There has been speculation that Italy might need another
tough budget in top of the austerity measures adopted by Monti
to respect its commitment with the EU to balance its budget in
structural terms this year.
Rehn said this should not be necessary, under certain
"Italy doesn't need another (austerity) budget, but it's
essential that it maintains the full application of the
consolidation strategy that has already been adopted and makes
it possible to balance the budget this year," said Rehn.
The commissioner added that Brussels "will continue to
monitor Italy very closely".

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