EC Welcomes Reforms in Italy, but Thinks Waiting is Necessary

Rome, Mar 13 (Prensa Latina) The European Commission (EC) welcomed today the reforms announced by Italian Prime Minister Matteo Renzi to take the country out of the crisis and immobilism, but the authority said that to make an in-depth assessment, it was necessary to wait. According to an European Community spokesman, ”the institutional and structural reforms are welcomed, although we will only be able to assess them in depth after they are specified in a legislative meeting.”

The Italian prime minister announced yesterday a package of measures to be implemented in coming weeks, with the purpose of improving the national situation before July, when Rome is expected to assume the six-month presidency of the European Union.

A reduction of taxes to people that make less than 1,500 euros a month has been included among the reforms announced, something that will cost to the Government 10 billion euros and will benefit around 10 million citizens.

Implementation of the regulation has been planned for May and it will allow that those involved have 80 additional euros every month.

The reforms will also include devoting 700 million euros every year to aid young people between 17 and 29 years of age, something that will make easier finding jobs in the four months after they graduate.

The regulation will also allow creating 100,000 jobs in the research sector in the next four years.

Other socioeconomic measures will be reducing in 10 percent the cost of energy for companies, as well as devoting more than one billion euros to a housing plan for social accommodations.

The State is also planning to invest immediately 3,500 million euros in maintenance and repairs of educational institutions, with the purpose of providing them with more security.

The new electoral law, recently approved by the Chamber of Deputies, will have to be approved now by the Senate.


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