Italian economy going in right direction, says EU

(AGI) Rome, Mar 3 - The Italian economy is making steps in theright direction, says European Union (EU) Economic AffairsCommissioner Pierre Moscovici. The EU has worked well with theItalian government and he with the country's finance minister,Pier Carlo Padoan. In an interview with Giovanni Floris on thedi Martedi programme on the La7 network, Mr Moscovici said heagreed with the decisions the commission had reached withregard to Italy - intelligent decisions that recognised whatwas working and which reforms were bearing fruit, but also thatthere were still things to be done. Such decisions

(AGI) Rome, Mar 3 - The Italian economy is making steps in theright direction, says European Union (EU) Economic AffairsCommissioner Pierre Moscovici. The EU has worked well with theItalian government and he with the country's finance minister,Pier Carlo Padoan. In an interview with Giovanni Floris on thedi Martedi programme on the La7 network, Mr Moscovici said heagreed with the decisions the commission had reached withregard to Italy - intelligent decisions that recognised whatwas working and which reforms were bearing fruit, but also thatthere were still things to be done. Such decisions wouldencourage and help Italy; the economy was strong, but neededbolstering. He favoured giving the green light to Italy,leading to further reforms and greater efficiency to boosteconomic competitiveness and create growth and employment.These were what the Italians needed. The Italian economy, headded, was suffering and there was excessive public debt, andwhile the country was not alone, productivity needed to bestepped up and oversight tightened. There was incitement topress on with ambitious reforms, as the government was doing.The right results could make the economy stronger, create morejobs and reduce public debt. Mr Moscovici said he believed theRenzi government was stable, was pleased to see that theItalians approved of a political party capable of carrying thiswork forward, and that after this the EU would be mindful ofall possible developments.. .