THE Italian government has given its go-ahead for a bill to repay 40 billion euros ($A50.06 billion) owed to the private sector in a bid to stimulate growth.
"The cabinet meeting today approved an urgent decree to pay back the debts of the public sector to the private sector," Prime Minister Mario Monti told a press conference after talks on Saturday.
The bill had been eagerly awaited by Italy's business community under pressure from the longest post-war recession in the eurozone's third largest economy and a lack of available credit from banks.
Finance Minister Vittorio Grilli said the payments could begin as early as Monday and would extend over the next 12 months.
Monti said total debts were 80 billion euros at the end of 2011 and that banks estimated they had since risen to more than 100 billion euros.
"This means costs for businesses and for the whole country. It is an unacceptable situation that has taken on ever greater dimensions," Monti said.
The interim prime minister, who is in charge awaiting the formation of a new government following elections in February, said the payments would not breach the threshold of 3.0 per cent mandated by the European Union.
Monti stressed that the approval of the draft bill did not mean his government had plans to stay in charge for longer, adding that Saturday's cabinet meeting "could be the last one".
Anda sedang membaca artikel tentang
Italy to pay 40bn euros owed to business
Dengan url
http://pepatahama.blogspot.com/2013/04/italy-to-pay-40bn-euros-owed-to-business.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Italy to pay 40bn euros owed to business
namun jangan lupa untuk meletakkan link
Italy to pay 40bn euros owed to business
sebagai sumbernya
0 komentar:
Posting Komentar