You don't need to be worried about the crisis on the Chinese markets, but busy implementing the solutions put in place. To say it is the Minister of Economy Pier Carlo Padoan, during an interview given to IlSussidiario.net, while awaiting his speech at the Meeting in Rimini.
According to Padoan, despite the "global economic climate having cooled down", with the slowdown of China and the other countries of the Bric club, grappling with their domestic problems, growth estimates for Italy remain stable: "The area of The euro as a whole is growing slowly but recent growth figures for Italy confirm the framework of the Def".
“Italy – continued the Minister of Economy – has been carrying out reforms that have been awaited for many years and this work has regained the trust of our European partners, and has allowed us a margin of flexibility already recognized for 2016. means deficit, however, we must not forget that beyond the EU constraints our main constraint is another: the enormous public debt that can only be reduced with a combination of sustained growth and budgetary discipline”.
At the center of the maneuver, Padoan assures, there will be “lworkers and businesses“, in a process that is in the wake of what was done in 2014 “with the decree law 66, that of the 80 euros, and continued with the Stability Law for the current year. Since the inception of this government, the world of work has been at the center of economic policy”.
As for the banking system, from the point of view of reforms, according to the minister, "only one piece is missing, and that is a market operator capable of handling non-performing loans (bad bank, ed) to free Italian banks from this burden, which is the heavy legacy of a very long crisis. Other countries introduced it before 2013, when the rules were simpler and more flexible”.
Finally, Padoan spoke of Greece, stating that the time has come for Athens to demonstrate its commitment: "In the case of Greece, the Europeans have shown that they know how to show solidarity, provided that solidarity is deserved with the commitment to modernize. But modernization is a challenge that concerns all countries, not just Greece”.
