Sabato, 20 Ottobre 2018
ROME

Bank of Italy warns Italian production in steep decline

English
© ANSA

Rome, July 15 - The Bank of Italy warned on Monday
that Italian production is in steep decline.
Taxes and high energy costs weigh more heavily than labour
on Italian businesses, the market watchdog reported.
Italian Economy Minister Fabrizio Saccomani is seeking
funds to cover deep cuts or elimination of the controversial IMU
property tax, and to cap the value added tax at its current rate
of 21%.
The Public Administration and Simplification Minister,
Gianpiero D’Alia, and Deputy Economy Minister Stefano Fassina
denied new austerity measures to balance public accounts.

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