Martedì, 16 Ottobre 2018

Confindustria leader calls payback decree positive


Brussels, June 6 - The chief of the powerful
Italian industry federation Confindustria expressed relief and
concern over the green light given to a much awaited decree
releasing 40 billion euros to pay off overdue debts that the
Italian public sector owes private businesses.
"It is a step in the right direction" although the funds
"are not sufficient," Confindustria president Giorgio Squinzi
said on the margins of a European industry conference.
Public debt toward private businesses in Italy has been
estimated to be between 50 billion and 140 billion euros,
Squinzi said in a speech made at the end of May.
"If you ask me, the latest numbers to emerge, of 130-140
billion, are very close to the reality," Squinzi told a meeting
of Confindustria members in the northern Italian town of Busto
Arsizio on May 27, and explained that the Italian government has
been working on, but has not completed, a full assessment.
On Thursday in Brussels, Squinzi also expressed worry over
the ease of payment under the new decree.
"We have doubts about the mechanisms for accessing the
payments which are, in any case, money that belongs to the
businesses," Squinzi added.

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