Moscovici, adjustment not for growth – Economy

"I remember that structural adjustment is independent of growth": Commissioner for Economic Affairs Pierre Moscovici told those who asked him to comment on the intention of the Italian government not to make structural adjustments. "When I was minister – he added – the structural adjustment (of France, ed) was one percentage point higher a year, and it's not what we ask from Italy ". The president of the Eurogroup Mario Centeno stressed that "in the last Eurogroup, Minister Tria was clear on the commitments of the Italian government on budget aggregates, including the profile of debt reduction in relation to GDP and to the deficit ".