Lunedì, 15 Ottobre 2018

EU should be more flexible on govt budget rules, Letta says


Rome, May 21 - Italian Premier Enrico Letta on
Tuesday said that the European Union should grant governments
more room to maneuver within its budget rules in order to
encourage investments that would create jobs.
Speaking to the House, Letta said that the EU at its June
summit "must recognize spaces (needed) to maneuver national
public finances in order to enable member States to invest
adequate resources into active labor policies, reducing taxes on
labor and creating jobs for young people".
Italy recently forecast its deficit-to-GDP ratio will
be 2.9% this year, taking it under the 3% threshold permitted by
the EU.
Letta's left-right government is hoping to convince
the EC to end the excessive-deficit procedure it has against
Italy this month or early in June.
Meanwhile it is battling to reduce climbing unemployment,
which is especially high among youth at over 38%, according to
national statistics agency Istat.
At the end of June, the labor ministry plans to unveil a
package to reduce unemployment among the country's
15-to-24-year-olds by 8%.
"European decisions will be the framework (for our national
job-creation package)," Letta said.

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