MILAN, Sept 13 Italy will cut growth estimates
for the domestic economy in upcoming new official forecasts, the
economy minister said on Tuesday, adding the government remained
committed to both improving public finances and cutting taxes.
"Growth will be revised down in forecasts the government is
about to release as background to the budget law framework,"
Economy Minister Pier Carlo Padoan said speaking at a Euromoney
He also said Italy's banking system was moving in the right
direction and would strengthen through mergers.
Problem loans that are the legacy of a lengthy recession are
being worked down, albeit very slowly, and abnormally high
levels of bad loans are concentrated in a number of banks, he
(Reporting by Valentina Za and Luca Trogni,)