Sunday, October 27, 2013

Rome still has the energy to recover, but it must do so quickly. The OECD said the indicators, basa


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The reflectors are aimed at Roma, but the political destiny of Italy, in the coming days, will also be discussed in another EU capital: Dublin, where Friday and Saturday there will be an informal meeting of Ecofin. Two days during which our situation will be a new confrontation. And many countries will ask us to break the deadlock in which we find ourselves: the next few weeks will, in fact, crucial for the European Semester and the closure of the infringement procedure for excessive deficits, as confirmed Wednesday also approval by Def Monti's government. Deadlines to be faced with a prime minister basar in the midst of his powers. The alarm of the ECB
During the Dublin meeting, the Ministers of Economy and Finance will review the data published by the Monthly Bulletin of the ECB, according to which in the last three months of 2012, unemployment has reached intolerable levels in the euro area. "The economic and financial crisis - said the Eurotower - continues to weigh on the labor market in the euro area. In the fourth quarter of 2012, employment declined again. " For this, Frankfurt appeals to governments intensify "the implementation of structural reforms at the national level" and strengthen "the governance of the euro area, including the achievement of banking."
These issues are known for some time, but the general feeling is that the answers basar can no longer be postponed. So the Irish ECOFIN will discuss the issue of reorganization of banking secrecy and coordinated supervision among member countries. And, at the same time, will launch a signal to Italy: overcome his stall to avoid being at the epicenter of a new outbreak of the crisis. Optimism OECD
Rome still has the energy to recover, but it must do so quickly. The OECD said the indicators, basar released Wednesday: the super-index developed by the Organization for Economic Cooperation and Development, which anticipates trends in economic activity, shows a new recovery for Italy in February. Sign of a "positive change in the trend of growth." We are still below the EU average, but we are not so fragile as a year ago. Def, recovery occurred
Broadly speaking, the same reasoning carried out by Prime Minister Mario Monti during the presentation of the Document of economics and finance, approved Wednesday by the government. For Professor remediation has occurred, as evidenced basar by all the macroeconomic data. The public debt will touch 130% in 2013 but then it is set to fall, a balanced budget in structural terms is reached, in 2014 the GDP will come back positive. But, above all, the deficit in 2013 will stand at 2.9%, below the limit necessary to ensure the exit from the infringement procedure basar for excessive deficits. And, thus having "space in an intelligent and focused support the economic recovery," as explained by Monti. To stabilize this balance, however, "we must not let our guard down." A calendar of fire
It would, therefore, essential to show up for appointments in the coming days with a solid situation. The calendar is clear: April 22 Eurostat will publish its data on deficit and debt of member countries, by April 30 will be delivered to Brussels National Reform Plans, May 3 will spread the spring economic forecasts and, subsequently, the Commission will address the issue formally exit of Italy from the infringement procedure. basar On which, basar at the time, arrive positive signals, however, may rapidly change basar sign. Why, among the factors considered, in addition to the value of the deficit there will be growth basar prospects, on which the political stalemate could have a substantial weight.
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