Domenica, 23 Settembre 2018

Mustn't jeopardize debt reduction - Tria (3)


Rome, June 19 - Economy Minister Giovanni Tria said
Tuesday that the new government must not pursue policies that
would jeopardize progress towards reducing Italy's big public
The minister said Italy's economic recovery was "continuing,
but at a more limited pace than in 2017" as he reported to the
Lower House as it debated the DEF economic blueprint.
He said the DEF forecast the deficit-to-GDP ratio would be
0.8% in 2019, with the budget being balanced by 2020 and the
debt embarking on "clear downward path - a development that it
would be good not to jeopardize".
He added that: "fiscal consolidation is a necessary condition
to keep the confidence of the markets".
He also stressed, however, that "our action in Europe must
be directed towards a profound reform of the economic
institutions" bemoaning "the serious inadequacies that
characterise the current European institutional equilibrium".

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