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Wrong to talk of ultimatums to Italy


Textinfos:


Beschreibung:
According to Italian Press Agency ANSA European Economic Affairs Commissioner Pierre Moscovici said
today that it would be "absolutely wrong to talk of ultimatums" given to Italy over its public finances.
Presenting the Commission's winter economic forecasts, Moscovici "welcomed" Italy's commitment to
adjust its structural deficit as requested by the EU executive in a letter last month.
He added that the Commission was "discussing in a constructive, positive way" with Economy Minister
Pier Carlo Padoan and that "while we encourage (Rome) to take measures as soon as possible... there is no
ultimatum". He added that evaluation of Italy case was "taking place".
Angebot beendet.
Titel:Wrong to talk of ultimatums to Italy
Start:13.02.2017, 14:35 UhrEnde:30.03.2017, 01:01 Uhr
Stichworte:Moscovici Pierre, EU, Italien
Zielmedium: Blog, Fachmagazin, Fernsehen, Illustrierte, Nachrichtenmagazin, Online Newsportal, Publikumszeitschriften, Radio, Special Interest, Zeitung
Journalist:MarinoRegistriert seit:26.01.2017
Social-Media:
Ressort:PolitikKategorie:Bericht
PP-Ident-Nr.:T-1098Preis:50.00 Euro
Überblick:During the last decade, European Union has basically reorganized the economic governance building with a
whole new regulatory architecture for its financial system. Last June's Brexit referendum result means EU
is now preparing for a new EU-UK relationship. Furthermore, the recent American elections have caused
further insecurity, and questioned many well corroborated beliefs.
According to Italian Press Agency ANSA European Economic Affairs Commissioner Pierre Moscovici said
today that it would be "absolutely wrong to talk of ultimatums" given to Italy over its public finances.
Presenting the Commission's winter economic forecasts, Moscovici "welcomed" Italy's commitment to
adjust its structural deficit as requested by the EU executive in a letter last month.
He added that the Commission was "discussing in a constructive, positive way" with Economy Minister
Pier Carlo Padoan and that "while we encourage (Rome) to take measures as soon as possible... there is no
ultimatum". He added that evaluation of Italy case was "taking place".
Anyway, change can be troublesome. Now Europe has to be prepared also to defend ancient European
values when they are threatened or when evidence based policy is attacked by alternative facts. European
Union has been familiar with the magnitude of the global financial crisis which shook its economies to the
core. As inflamed economies were shaken back to reality, property markets collapsed and the capital base
of many banks was obliterated. Taxpayer funded bailouts of unparalleled scale were required, a sovereign
debt crisis followed, and unemployment shot up mainly among young people.
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