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Confindustria, Regina: "No strategy on privatisation"

The vice president of Confindustria harshly comments on the government's privatization plan: "It is driven more by necessity than by a political choice, there is a total lack of strategy" - On the possibility of increasing tax advances to companies to cover the IMU: "It would be very serious at a time when domestic consumption is collapsing”.

Confindustria, Regina: "No strategy on privatisation"

Il government privatization plan it is the son of necessity and not of a strategy. This is stated by the vice president of Confindustria, Aurelio Regina, on the microphones of "Economy first of all": "When the State takes a step backwards in the economy and in the market, it must always be greeted positively, but this plan seems to be driven more by necessity than by a real political choice" . 

"These are small transfers - continues Regina -, in some cases of transfers of non-strategic companies, and nothing is said instead with respect to the large privatization plan or in any case of sale that should be done for the thousands of local public companies that today absorb money public. In the most positive cases, these companies have such a profitability that putting them on the market could be a great incentive to repay local debts rather than having them repaid by citizens and businesses". The judgment of the vice president of Confindustria is clear: "From this point of view, a strategy is totally missing".

But Regina's fears don't stop there. What worries the number two in viale dell'Astronomia is the risk, "but we are moving towards certainty", that coverage for the stop at the IMU comes from the increase in tax advances not only for banks and insurance companies, but also for all other companies: "It would be extremely serious at a time when companies are under the impact of domestic consumption which is drastically collapsing, even in 2013".

“Companies – he continues – would find themselves exposed to a new disbursement of money, to advance money” to the State “to cancel a tax that instead should not have been cancelled, because a property tax exists in almost all countries of the world, and this point of view should not have aggravated the public budget by eliminating this tax”. According to Regina, if this hypothesis were to occur, "the liquidity in the coffers that are already very scarce of companies would decrease, thus aggravating the problem of access to credit even more".

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