Lunedì, 15 Ottobre 2018

Visco says exit from EC's deficit procedure 'first fruit'


Rome, May 31 - Italy's exit from the European
Commission's excessive deficit procedure is the "first fruit" to
grow from the former government's efforts at fiscal
consolidation and should not be squandered, Bank of Italy
Governor Ignazio Visco said Friday.
"The exit from excessive deficit procedure is the first
fruit...It should be considered an investment on which to
build," Visco told the central bank's annual meeting in Rome.
Former premier Mario Monti's government introduced strict
budget measures that led to an EC decision this week to close
the procedure.
That is expected to free up about eight billion euros for
the current government in the 2014 budget.

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