Venerdì, 19 Ottobre 2018
LONDON

Monti says Italy not a eurozone contagion risk

English
© ANSA

(By Denis Greenan).
London, April 11 - Outgoing Italian Premier Mario
Monti on Thursday rebutted a European Commission (EC) report
that said Italy had major economic imbalances that could affect
the euro economy.
"There is no contagion from Italy," said Monti.
In its report issued Wednesday on 13 EU states whose
economies were considered in need of "in-depth reviews", the EC
said that Italy's economy required urgent attention.
The comments made headlines across Italy Thursday.
"Italy is experiencing macroeconomic imbalances, which
require monitoring and decisive policy action," the EC said.
"In particular, macroeconomic developments in the areas of
export performance and the underlying loss of competitiveness as
well as high public indebtedness in an environment of subdued
growth deserve continued attention in order to reduce the risk
of adverse effects on the functioning of the Italian economy and
of the Economic and Monetary Union".
Monti made his comments on the sidelines of a G8 meeting of
foreign ministers in London.
He has served as interim foreign minister since the
resignation last month of Giulio Terzi.
In other remarks, answering journalists' questions, Monti
said he hoped the Italian premier who is to attend the upcoming
G8 meeting in London in mid-June will be a new one, "in the
fullness of his powers".
Markets and Italy's partners are worried about possible
continued instability after the inconclusive general election in
February.
Florence Mayor and rising Democratic Party (PD) star Matteo
Renzi is among those claiming the Italian political system is
wasting time as the country continues to suffer 40 days after
the February 24-25 poll.
Renzi has reiterated that PD leader Pier Luigi Bersani
should swallow his pride and form a government with arch-enemy
Silvio Berlusconi, or else agree to a snap election.
Renzi denied plans to break from the PD and form his own
party, saying "there are enough parties already".
But tensions within the PD were stoked when Renzi was denied
a post as one of the grand electors to decide who Italy's next
president will be.
Renzi claimed meddling by Bersani, who denied it.
A PD-led alliance got a majority in the House but not the
Senate on February 25, with Berlusconi's People of Freedom (PdL)
party running them a close second, both with almost 30% of the
vote, and comedian Beppe Grillo's anti-establishment 5-Star
movement coming in 5% behind to hold the balance of power in the
hung parliament.
While Grillo refuses to talk to the PD or PdL, damning them
as equally culpable in an allegedly corrupt and dysfunctional
system, Bersani has repeatedly rebuffed Berlusconi's overtures
for a grand coalition between left and right.
Bersani is expected to take a second shot at rallying
support for a minority 'government of change' after 'wise men'
named by outgoing President Giorgio Napolitano produce a
possible consensus platform Friday.
Bersani, backed by the party's establishment and apparatus,
handily defeated Renzi in centre-left primaries on December 2
and before last week's call for speedier action had been a loyal
team player despite his contention the PD must be renewed.
For several years Renzi, a fast-talking media-savvy
politician who has been likened to a young Tony Blair, has been
calling for the party to "scrap" its old leadership.
According to polls, a centre-left alliance led by Renzi
would have secured a majority in the general election, despite a
controversial system that militates against a clear winner
emerging. The Florence mayor is also topping polls as the most
popular choice for next premier.
Renzi has also been consistently touted as a good choice to
calm the financial markets and reassure Italy's partners.

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