Giovedì, 18 Ottobre 2018

Grilli defends 40-billion-euro debt payback in parliament


Rome, March 28 - The Italian economy minister on
Thursday said the government's decision to pay back 40 billion
euros in public debt over the next two years will produce
positive stimulus results by mid-2013.
"Injecting liquidity into the economy will jumpstart
domestic demand already by the middle of the year," said
outgoing Economy Minister Vittorio Grilli.
To meet all of its commitments, including social spending,
the government announced plans last week to pay back debt by 20
billion euros in 2013 and 20 billion euros in 2014.
Grilli was addressing a special committee in parliament,
where a political logjam continues as the three parties that
gained the most votes in last month's election struggle to find
some way to work together to form a new government.
His plan has undergone harsh criticism from the
anti-establishment 5-Star Movement (M5S) of Beppe Grillo, which
holds the balance in the divided parliament.

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