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EU, Rehn to Italy: "The accounts are not good, we need political stability"

The EU commissioner: "Italy should focus on economic reforms, the latest data are not good" - Jeroen Dijsselbloem, president of the Eurogroup, also takes the same line: "The most important thing is political stability".

EU, Rehn to Italy: "The accounts are not good, we need political stability"

Not just BCE. To the warning that arrived yesterday from Mario Draghi are added today the words of Olli Rehn, which invites our country to keep its guard up. “Italy has had some political turbulence – said the Commissioner for Economic Affairs of the European Union -, but now focus on economic reforms": for the return to recovery "political stability is essential", also because "Italy's latest economic data is not good". 

On the same line too Jeroen Dijsselbloem: "For Italy – underlined the president of the Eurogroup – the most important thing is political stability". 

What worries Brussels are the political tensions agitating the majority in relation to the Berlusconi case. Yesterday Pd and Pdl found an agreement on the date of the first vote in the joint – to be held next Wednesday – but the basic problem has only been postponed: officially there is no certainty that the Letta government will be able to survive the (probable) dismissal of the Cavaliere from the Senate. 

Already yesterday the European Central Bank had addressed clear words towards Italy, warning that at the moment the public accounts do not guarantee compliance with the 3% deficit threshold: "The worsening, mainly due to the disbursement of support to the financial sector and to the repayment of arrears – it reads in the latest ECB bulletin – highlights the growing risks to the achievement of the general government deficit target in 2013”.

Also from yesterday is the news that, in the second quarter, Italy was the only G20 country still in a technical recession.  

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