Letter from Brussels, Italy clarifies maneuver within the 27 – The Republic

Brussels, oct 25. – Arrived this evening the letter sent by the european Commission to ask Italy questions on the draft budget 2017. Brussels calls on the Italian government for clarification on non-compliance of the commitments of reduction of the structural deficit and the amount of the expenses incurred in connection with exceptional events (crisis of migrants and earthquake) budget 2017 ‘by Thursday’ 27 October’. And’ what we read in the letter signed by the Eu commissioners Valdis Dombrovskis and Pierre Moscovici. ‘A preliminary examination of the programmatic document for the budget in 2017 – is the law – suggests that the planned change in the structural budget by 2017, as recalculated in accordance with the methodology commonly accepted, is negative and well below the 0.6% of Gdp, or more than recommended by the Council on 12 July’. The european Commission then asks to Italy ‘for more informatio n about some points of the budget programme for the 2017 ‘in order to evaluate if Italy meets the conditions for which the flexibility of the’ additional and’ been granted to 2016′. In particular, we read in the letter sent out this evening from the Commission to the Italian government, one week after the presentation of the budget in 2017, we need explanations concerning the review of the objectives and the substantial difference that emerges with respect to the commitments taken at the last spring’. In fact, it should be stated in the letter, ‘Italy has benefited from a flexibility-significant according to the rules of the pact of stability and growth,

both in 2015 and in 2016. Part of this flexibility, especially in the context of the clauses on investment and structural reforms, and it was granted on the condition that Italy make use of that to increase investment, progress in the agenda of structural reforms, presenting credible plans to achi eve the fiscal adjustments in 2017′. On the 17th of may, continues the letter, based on this understanding, ‘the Italian government is busy with a letter of resume the path of adjustment of the objectives of the medium term in 2017, ensuring the full respect of the rules of the preventive arm (of the Pact of stability and growth, ed.), who was a key factor relevant to the latest report pursuant to article 126/3 of the treaty on the violation of the rules of the debt in 2015′. Now the Commission asks the government to explain the failure to respect such commitments, the medium-term. .

(25 October 2016)

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