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Letta-Renzi agreement: there are no elections in sight, stable government in 2014

The Prime Minister speaks of a decisive "generational shift" for the country - As for financial stability, the Premier recalls that "it is worth a dividend of around 5,5 billion euros in terms of lower interest on public debt, which allowed to lighten the tax burden a bit”

Letta-Renzi agreement: there are no elections in sight, stable government in 2014

“I don't suspect that Renzi wants to vote as soon as possible. None of us will make the mistakes that have occurred in the past, during generational shifts. This will be the decisive turning point, Italy can do it”. This was stated by the prime minister, Enrico Letta, during the traditional end-of-year meeting with journalists. "The prime minister for 2014 is called and will be called Letta," the secretary of the Democratic Party said yesterday in an interview with La Nazione, who today announced his intention to reapply for mayor of Florence for another five years.

Institutional reforms "must naturally be carried out starting from the government majority", but "with a real opening outside the majority", which "naturally concerns all political subjects, all parliamentary groups", continued Letta, then launching a appeal to Silvio Berlusconi and Forza Italia: "Don't get carried away and choose the path of populist and nihilistic drift".

The Prime Minister then specified that no government reshuffle is on the agenda and that the new electoral law will have to be passed before the spring European elections. 

As for financial – as well as political – stability, the Premier underlines that “it is essential to reduce taxes and rekindle growth. In 2013, a dividend of around 5,5 billion euros was worth in terms of lower interest on public debt, which allowed us to slightly lighten the tax burden, for example as regards the taxation on first homes”. 

Letta specifies that "in the next few years the tax burden on homes will be lower than that recorded in the years prior to 2013. Furthermore, we are committed to closing the tax delegation by January, to then start with the implementing decrees and thus improve the tax authorities". 

The Premier therefore reconfirms "the Government's commitment to reducing taxes for workers and businesses through a mechanism financed by the proceeds of the spending review and the return of capital from abroad".

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