“Fiscal adjustment measures appropriately emphasize spending cuts over revenue increases.” The last pat on the back of the Italian government comes from Angel Gurria, secretary general of the OECD. Commenting the maneuver bis approved by decree last Friday by our Executive, the Mexican diplomatio underlined how the provisions contained in the text "will significantly strengthen debt sustainability, the main emergency, given its high level".
Furthermore, “it is important to remark that they will also contribute to the overall stability of the euro area”. According to Gurria, the cuts to provinces and municipalities "will bring permanent benefits to public spending". Even the liberalizations “will help the low growth rate of the Italian economy. These measures should be put into practice without delay to reap the benefits of structural reforms in the shortest possible time". The OECD is ready to support the Italian government "in the coming weeks and months in monitoring the economy and implementing reforms".
