(ANSA) - Rome, March 24 - Italy's efforts on debt reduction
are recognized by the EU and "we are moving in the right
direction", Economy Minister Pier Carlo Padoan said Friday after
meeting with European Commission Vice-President Valdis
Dombrovskis.
Padoan said that specific measures on debt had not been
discussed in depth during the bilateral meeting.
However, "we think that nominal growth will improve, both in
terms of GDP and in those of inflation", he added.
Dombrovskis stressed that Italy had made a "very concrete
commitment" to deliver an adjustment in its structural deficit
of 0.2% of GDP in addition to the measures in the 2017 budget.
He added that the commitment was "reiterated by all the
ministers and all the establishment".
"Time will tell how the adjustment that will be passed in the
spring will go," he continued.
"This year Italy will have growth of around 1%. "It's a
modest recovery. It is very important to stay on track regarding
fiscal policy and reforms".
Italy's 'debt efforts recognized by EU' (2)
Economy minister meets Commission VP Dombrovskis