See on Scoop.it - La Gazzetta Di Lella - News From Italy - Italiaans Nieuws
Pier Carlo Padoan attacks European Investment Bank for worrying more about its credit rating than about growth.Italy’s finance minister has warned that time is running out for Europe’s tottering economies to avoid stagnation.Speaking on the eve of a national strike in Italy and after figures showed the country’s industrial production fell yet again in October, he said: “There isn’t much time. Europe is at a fork in the road. One path leads to stagnation; the other to growth that we sorely need.”In a frank interview with the Guardian and other European news organisations, Pier Carlo Padoan attacked the European Investment Bank (EIB) for worrying more about its credit rating than about promoting growth and revealed he had been discussing with Brussels new rules to encourage government spending that underpinned structural reform.
See on theguardian.com
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