Domenica, 23 Settembre 2018

EU will ease austerity to help growth says Monti


Florence, May 9 - The European Union is set to ease
up on austerity and allow Italy to invest to stoke growth,
ex-premier Mario Monti told a Florence conference on the State
of the Union Thursday.
"Much can be done to combine budget discipline and growth,"
he said, adding that Italy's likely exit from an
excessive-deficit procedure would give it "significant room" to
help get the economy out of its deepest recession in 20 years.
Two ways he cited were long-awaited payments of government
debts to businesses and "productive public investments".
These two "windows" had been closed by the EU but Monti's
recent emergency technocrat government had "convinced the EU
with great effort to open them over the course of more than a

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