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Brussels, 7 September 2011

Statement of the European Commission on new fiscal measures announced by Italian Government

The European Commission welcomes the new measures announced today by the Italian Government. They confirm the determination of the Italian authorities to meet the agreed targets of deficit and debt reduction, while contributing to tackle the deep rooted structural weaknesses of the Italian economy.

The decision on retirement age is also an important signal. The confirmation of the decision to introduce in the Constitution the principle of a balanced budget and the abolition of provinces are decisive improvements in the institutional framework of Italy, and contribute to ensure budgetary discipline on a permanent basis.

The Commission calls on swift adoption of the adjustment package in a spirit of national cohesion and solidarity.

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