For Italy it is "essential to fully implement" all the measures prepared in recent months on the front of the consolidation of the public finances. This was stated by the Vice President of the European Commission, Olli Rehn, during the press conference to present the European Union's economic forecasts.
On the dynamics of the public finances with Italy “we are in continuous contact – Rehn said again – Last December he adopted a new package of measures to consolidate the accounts with a permanent positive impact equal to 1,3 points of GDP. Now it is essential to fully implement all the measures” prepared in the past months with the country's numerous corrective maneuvers, “which amount to over 100 billion euros or 7 points of GDP. This will allow Italy to obtain a consistent primary surplus”.
According to the Vice President of the European Commission, in the last two months the Italian government “showed determination to face the challenges posed by the high public debt and relatively low economic growth” of the country, “by adopting a wide range of measures” which intervene both on the public finances and with structural reforms.
