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Italian industry chief urges Monti to cap public spending

Thursday, January 26, 2012 - 02:56

Jan. 26 - President of Confederation of Italian Industries, Emma Marcegaglia, says Italy needs to improve growth, infrastructure, research and innovation and cap public spending.

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So all of this really is ready to wage war on the government Mao was the headline loss -- is just as young not only am a much regalia as the president confederation of Italian industries. And she joins me now Emma get to see ahead I'm. What is the true picture and as it is about that. Well it's nearly as you know what we yes. We asked him some trouble on the national markets but -- yet seen that the new governments that. Mr. Monty is doing mighty Mac seeing my name in -- -- he's doing his job -- because as you know we had a very good -- over I'll try before being in you go and -- in one year are women older what H one billion Euro which is very high. Never hadn't bed never -- -- and he never dining out there a European country. We did a very good pension reforms now we are doing good liberalization which is the first time we need to know Susan you approve of what you're seeing you. Gonna help -- get out of Friday's -- when he from a recession I think absolutely yes but now we have also to do something for growth. I know we we need to do something going for structure and man needs to pass that stuck to doing it to. We need to do something for our reserves and innovation that we have to do it and we also need that it gained -- cap public spending and we have to do it. -- out out of pain and gain prosperity with a starts in your panel yeah. I'm wolf what is the Magic Johnson head is of course is particularly pertinent in Italy right now. Yeah I think -- T have to do we structure reports what he knew what we call structure before we cannot I don't want to act you know. Hi there because pending public spending. So as a sad that we still need to make for example -- for -- labor market we are working on backed spending more flexibility he kind EST did very strong region become numb from then on not. Market the labor market and think this can has you know having new occupation. We we still need as a set to for example more than there is they shouldn't. I think we also need to make more privatizations so it's possible to do it's very difficult in this time by his -- -- Should should and there's a story this week sixty billion euros -- pay taxes this year lawsuit rather that what doesn't want you need to do more to tackle consideration. I think he's doing enough to and I imagine a lot of this is from the group resigned as low by historical aside much love from shoppers. Dot com in a craftsman. So I think now the government is doing very good to increased tax we need to to to door and -- about the ways the right monument should should easily sell state finances. I think so -- -- -- which must follow we have a lot of real estate assets steel though is that a a prediction that is allowed to typing in Europe so that is a lot of blue space to do that. Maybe we can also says some you know carpet. We we have a lot of corporate owned by a IE you know abandoning the region's prom at the so and those who we have -- of the you know beat companies steal and a some state -- he owned by the state so I think we have to do it. -- it could see you again my thanks for coming in today.

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Italian industry chief urges Monti to cap public spending

Thursday, January 26, 2012 - 02:56