The European Commission"noted the delay in adopting the development package” by the Italian Government and “encourage” our country “to present the new plan as soon as possible": And "in urgent need"and "very important“. The spokesman of the EU Commission for Economic Affairs, Amadeu Altafaj Tardio, does not mince words in forcefully reiterating the statements made a few hours earlier by the commissioner Olli Rehn, according to which Italy should present "a timetable and precise objectives" by Sunday, because "this would greatly facilitate negotiations between member states".
Brussels expects Italy to “clearly reiterate its plans for fiscal consolidation and structural reforms on Sunday – added Rehn -. The objective of returning to a balanced budget in 2013 is the right one, but the way to achieve it, on the other hand, is not yet clear enough”. Italy needs "further structural reforms in addition to fiscal consolidation to unleash the country's growth potential." The lack of growth "is his Achilles heel in recent years," concluded Rehn.
Meanwhile from Fitch come some unusual reassurances on the accounts of Rome and Madrid: "We firmly believe that Italy and Spain are solvent countries", said David Riley, managing director of the rating agency, specifying however that the government bond markets on which the two economies are financed remain " potentially illusive".
