We will work with Draghi on reforms says Gentiloni

(ANSA) – BRUSSELS, FEB 15 – The European Union will work with Mario Draghi’s new Italian government on overcoming longstanding drags on growth with structural reforms to stifling red tape and a snail-paced civil justice system as well as injecting more competition into the Italian economy, Economic Affairs Commissioner Paolo Gentiloni told Bloomberg TV Monday.
    “I am confident that we will work together with the new government above all on reforms regarding civil service bureaucracy, delays in civil justice and competition rules,” Gentiloni said.
    He described these three areas as “bottlenecks which have slowed Italian growth in the last few years”.
    Gentiloni said ex-ECB chief Draghi’s appointment was “excellent news not only for Italy but also for the European Union”.
    He said Draghi would manage the EU COVID recovery funds Italy is set to get – over 200 billion euros – “with all his experience and leadership”.
    Many pro-Europeans are hoping euro saviour Draghi will not only rescue the Italian economy but also boost European prospects for greater financial and fiscal unity. (ANSA).
   

Previous

Only vaccinated to be allowed into Sardinia this summer

COVID: 2021 will be ‘stop&go’ without total lockdown – Gimbe

Next

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close