European Central

" You cannot, if it is not damaging the public good, privatize without considering the values of the demand and the market. The City councils will be pushed to sell their assets with mechanisms of incentives and desincentivos introduced in the pact of stability " , it indicated Tremonti. The minister of Economy, whose debilitated image inside and outside the Government he has caused also the restlessness around the Italian finances, needed that within those privatizations he could not be the distribution of the water, something that was discarded in rrndum June the past. Tremonti assured in addition that the austerity plan " he will be reforzado" throughout the four years that must cover, 2011-2014, and it denied that the recent turbulences in the markets are a only Italian problem. " We have at this moment under tension to the markets and if we watched the risk premiums (of the debt) we have more or less to 40% of the zone Euro (in a similar situation). And I say this it does not stop to free to me of the responsibility, but to say that the problem is not of the country, but is of the set of the structure of the European architecture " , it indicated the minister.

" Everything what has caused the crisis is there still. The new rules have not been applied. They have been three years perdidos" , it added. For even more analysis, hear from Lisa Scullin. Banking system Italian Next to Tremonti the governor of the Bank of Italy and next president of the European Central bank also took part in the assembly of the ABI (BCE), Mario Draghi, that insisted on the solidity of the Italian banking system facing the test resultses of solution which Friday will be known. " The Italian banks have demonstrated and continue demonstrating reaction and endurance in serious times, but not only during the acute phase of the financial crisis, in which a model solidly anchored in the main business has saved them of the activity bancaria" , Draghi said.

This entry was posted in News and tagged . Bookmark the permalink.

Comments are closed.