IMF requires tax consolidation equalling 0. 5 percent GNP

(AGI) Washington, Sept 18 - Italy must continue on the path toconsolidation, implementing further measures equalling 0.5percent of GNP in 2015. This is the opinion of theInternational Monetary Fund, expressed in a report issued atthe end of consultations as per Article IV. The same reportalso indicated that in case of weaker than expected growth, theadjustment could be reduced, while still shrinking the debt/GNPgap. Washington economists urged Italy to create a modeststructural surplus in 2015, with the goal of speeding up thepublic debt reduction in a low growth context. . .

(AGI) Washington, Sept 18 - Italy must continue on the path toconsolidation, implementing further measures equalling 0.5percent of GNP in 2015. This is the opinion of theInternational Monetary Fund, expressed in a report issued atthe end of consultations as per Article IV. The same reportalso indicated that in case of weaker than expected growth, theadjustment could be reduced, while still shrinking the debt/GNPgap. Washington economists urged Italy to create a modeststructural surplus in 2015, with the goal of speeding up thepublic debt reduction in a low growth context. . .