Tremonti: This move will touch pensions


8/11/2011 04:40:00 AM | , ,

The new move that the Italian government is about to pass a decree to bring forward a balanced budget by 2013 will probably contain cuts in pensions, liberalization and harmonization of taxation to 20% on investment income, excluding securities .

The study also the privatization of local public services, cutting "teeth" on the cost of politics and a "solidarity contribution" that could herald some form of charging extra for high incomes.

The chapters of action were presented this morning in Parliament by Economy Minister Giulio Tremonti, and are in line with the requests made by the ECB in a letter "confidential" sent to Rome in recent days.

So yes to a "full" liberalization of local public services and professional and large-scale privatization of local services. And the door open to the will to intervene in Frankfurt on "old-age pensions and age for women in private," despite the opposition of unions and the Northern League.

The minister is rather cautious about the proposals of the Central Bank with respect to layoffs of personnel easier, and cut the salaries of civil servants.

"It is said that this measure should be" the choices of the government, said Tremonti.

Open even on the request of social partners to stronger rules on the traceability of payments to fight tax evasion.

Tremonti said that the maneuver will be "very strong 2012 and 2013" but gave no details in view of the Council of Ministers scheduled for next week - between 16 and 18 August - to give the green light to anti-crisis Decree .

"The center of gravity is to be fixed, the numbers are being processed."

More commitment with the ECB and other European leaders to include in the Constitution on the balanced budget constraint.

Tremonti argued the urgency of this measure, however, suggesting that the new standard takes into account "the economic cycle, exceptional events to be defined in a logic of rigor and logic of investments that have payback."

The new objectives of the deficit / GDP 3.8% become Italy for 2011 (from 3.9%), 1.5% -1.7% for 2012 (from 2.7%), and then hit the breakeven in 2013.

The correction of the deficit this year should therefore be strengthened by 0.1 percent of GDP and that of the next points of about 1 to 1.2, for a total of about 20 billion euros.

Tremonti confirmed that this afternoon there will be a meeting with President Giorgio Napolitano and Prime Minister Silvio Berlusconi, the head of state to illustrate the possibility of intervention.



Other Story :


GUEST BOOK:::

"budayakan kejujuran my friend"

Ads