Fornero

Lega-M5S government, Here is the contract and list of ministers

17 May 2018 by admin

Salvini Report Wall Street Italia
Of Alessandra Caparello
ROMA (WSI) – More than a draft agreement, for some it is seen as a gauntlet to the European Union capable of sending the financial markets into a tailspin. Let's talk about the contract that Lega e Five Star Movement have developed and which they will soon bring to the attention of the Head of State, thus giving the green light to the new government.
Compared to the version leaked byHuffington Post in the new contract, thorny references disappear, such as the creation of an exit mechanism from the euro and the request to Mario Draghi of the ECB to cancel i 250 billions of debt for Italy.
However, some key points remain that could damage relations with Brussels. Not to mention that the coverage to be found for all these measures will be considerable and the budget constraints do not allow much room for manoeuvre.
Some points of the programmatic design still require some reflection, like them flat tax rates, the proposal to establish a regional Cie, the reform of the prescription, a law on mosques, up to the commitment to suspend executive works and re-discuss the Tav project in its entirety. Read More

Actuality | Policy

Pensions, Draghi takes sides against Salvini: better not to touch the Fornero law

28 March 2018 by admin

Of Filippo Caleri
And in addition to the ECB, the IMF has already raised the red card against a revision of the current legislation
The European Central Bank he decided: the Fornero you can't touch it. Or rather if you touch it it will be painful (financial) in the long term. A Matteo Salvini, which built part of its electoral success on its scrapping, ears will be ringing. And the challenge that, in a hypothetical government with the League within, is very difficult to find in front of you. Considering that other international bodies such as the International Monetary Fund they have already raised the red card against a revision of the current pension law.
In a recent study three IMF economists Michal Andrle, Shafik Hebous, Alvar Kangur and Mehdi Raissi titled “Italy: Toward a Growth-Friendly Fiscal Reform” they explained that at the moment our pension expense, despite the criticized and harsh Fornero reform, with the 16% of GDP is the second highest, surpassed only by Greece. A consideration that effectively stops Salvini's scrapping ambitions. He also joined the IMF Draghi He immediately made his thoughts on the matter known: “Many countries have already implemented regulations reforms of pension systems after the sovereign debt crisis, although the pace of reforms has slowed recently. Further reforms in this area are essential and must not be delayed, also in light of economic policy considerations”. Read More

Actuality | CLEAN HANDS

Pensions, alert Ue: Fornero reform should not be touched

9 March 2018 by admin

Pensions, alert Ue: Fornero reform should not be touched Reporting of Wall Street Italia
Of Alessandra Caparello
ROMA (WSI) – The European Union launches a new warning on the Italian social security system. In the report adopted on our country as part of the winter package of the European semester, the European Commission is betting the fates on Italy and the Fornero reform in particular indicated as untouchable.
The albeit partial changes made by Renzi governments and Gentiloni on the social security reform adopted by Italy in 2011, under the technical government led by Mario Monti, they would have in fact partially canceled the pension reforms that were made in the past with the consequence of increasing spending for the average period.

“The long-term sustainability of public debt Italian, ensured by pension reforms done in the past, It is slowly deteriorating, so much so that the European Commission's risk indicator went from low to medium (S2). Spending on pensions in relation to GDP increased by around two percentage points, as a result of the crisis and the consequent fall in nominal GDP. Italian pension spending is now the second highest in the EU and in theOECD, after the Greek one (…) The increase in implicit liabilities resulting from the aging of the population had been limited by past reforms of the pension and healthcare systems, which had improved Italy's long-term sustainability.