Giovedì, 20 Settembre 2018
ROME

Monti says EU encourages paying 40 billion in overdue bills

English
© ANSA

Rome, March 25 - Outgoing Italian Premier Mario
Monti sought to cut off speculation on Monday that Europe was
against his technical government's plan to settle 40 billion
euros' worth of unpaid bills to Italian public administration
suppliers.
"The European Commission has encouraged Italy to put in
place a program, noting that the impact on public finances will
be taken into consideration as a mitigating factor (in deficit
proceedings against Italy). The commission is acting from
encouragement," Monti underlined.
Speaking to the Senate on Monday, Monti also said he would
act "ahead of time" to unblock the payments.
European Union sources had disclosed on Monday that if the
Italian public administration pays its overdue bills, European
proceedings against Italy for excessive deficit will be more
difficult to close.
Monti's technical government has indicated that unblocking
the payments to provide much-needed economic stimulus in the
recession-hit country would raise Italy's 2013 budget deficit to
2.9%.

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