- Structural reforms will take years to be felt
- Growth policy must be center to EU legislation
- Economic policies must be directed to investment and reforms
- Essential for fiscal rules to be applied properly
- Growth is harder in countries with higher debt
- Way out of debt is to revamp growth
- Italy implementing ambitious reform agenda
- Fiscal flexibility can be granted in return for reforms, but consolidation must continue
- ECB unconventional measures are very important
He’s spot on at the moment with the headline comment and the weakening in the economy we are seeing is going to test the markets patience sooner or later. We’ve still got a few months until the first TLTRO and then we’ll have to wait a few more to see if it works.
The Italian finance minister was speaking to an EU parliament committee in Brussels