Domenica, 21 Ottobre 2018

Letta thanks Monti for excessive-deficit procedure end


Rome, May 29 - Premier Enrico Letta on Wednesday
thanked his predecessor Mario Monti for getting Italy back to
fiscal discipline after overshooting targets and facing possible
European Union sanctions.
"We are reaping the rewards of previous governments,
especially that presided over by Mario Monti, to whom I pay
personal thanks," Letta said after the European Commission
recommended the closure of an excessive-deficit procedure opened
in 2009.
Letta also thanked the Italian people for the "effort" they
put in to swallow Monti's bitter fiscal medicine, including
raising the retirement age and a string of tax hikes and
spending cuts, and set the budget on track to be balanced in
structural terms.
The premier, whose left-right government is bidding to
combine growth-stoking measures with budgetary consolidation,
said Italians "should be proud of this result".
Letta reiterated a pledge to stick to European-mandated
fiscal goals.

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