(ANSA) - Rho-Pero, November 17 - Confindustria
industrialists' association president Giorgio Squinzi said
Tuesday he "strongly fears" the Paris terror attacks could slow
down economic recovery.
"We have to expect some shakiness but I hope that in the end
we'll be able to come out of this," he said on the fringes of
the inauguration of the Eicma international bicycle exhibition.
"It is not easy to give certain replies," he added when
asked what he expects from the Italian government, "we have to
live a day at a time and keep the barriers high to prevent
extremist fringes moving clandestinely".
"In the immediate it is very difficult to intervene, in the
medium and long term Europe is mobilizing - we have to forge an
alliance with Africa to raise the standard of living, so that
these migrations don't have to be so devastating, specially if
it is true that there are 100 million Africans who want to come
to Europe, we will not be ready to receive them," Squinzi said.
Italy "has hooked into the recovery but this is a context
that could be thrown into question in coming months if risks of
global slow down should appear".
"Foreign demand that has sustained the Italian economy in
recent years could change due to world trade dynamics, with
consequences you can imagine for our economy in general,"
Squinzi said.
He added: "We believe the stability law for 2016 is in the
right direction. Policy is becoming expansionary thanks to the
commitment of the government in using all the room for manouvre
that Europe has made available on the front of public accounts
flexibility as well as the attention to private investment and
the reduction of fiscal pressure in favour of firms and
workers".
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