The hearing room, the governor of the Bank of Italy, Mario dráha said that "with a deficit and public debt as those in Italy there is no extragettito to spend.
Dragons send a clear message to government: "Breaking down the debt, reforming pensions for young people and use the treasure to reduce the deficit" while it is engaged, among other things, the difficult issue of management of public finances and reform pensions. About this treasure, "I believe that the same term is misleading: a debt and a deficit like ours there is a treasure to spend," said Draghi, adding "these resources should be used for deficit reduction and debt because ¨ otherwise there 's the risk of having to make corrections with a less favorable economic cycle and still would have reduced the tax burden instead? enhancing spending. On pensions, the governor of the Bank of Italy gives an indication of the government, engaged in this delicate time in negotiations with social partners on pension reform and "progressive increase in the average effective retirement age and develop forms of security complementary "is necessary not only to provide adequate pensions to a growing number of people for the coming years but also to make a good service to young people in reviewing the pension system taking into account its financial equilibrium. Dragons second goal of the balanced budget could be more closely than does the government, which sets the 2011 target, arguing that "the favorable economic climate would have speeded up the fiscal consolidation", adding: " the risk is having to adjust in the future, perhaps cyclical conditions more difficult choices today, "The Finance Bill, the governor of the Bank of Italy confirms the importance of" critical "in this document because it" reiterates' s importance of monitoring the quality and quantity of expenditure in order to combine fiscal consolidation with riduzionem the tax burden, which currently stands at close to maximum levels in decades "and analyzing the issue Dragons aggiunche that" the tax is Spend as from 40.6% to 42.3% and then to achieve the goal of a balanced budget in 2011, the incidence of primary expenditure on GDP has to fall by three percentage points between 2008 and 2011 with an average reduction annual disbursements in real terms of about 0.5%, compared to the average of 2.3% recorded in the last decade. " Dragons second model to be followed is that of Germany, said in his presentation: "In recent years other European countries have managed to reduce the budget deficits adjusting the level and composition of expenditure in Germany, for example, ' proportion of expenditure on primary product is decreased from 45.5% in 2003 to 42.9% in 2006, less than that of Italy. " But the Governor expressed optimism that Italy could do it and no doubt the Italian ability to perform rehabilitation and reduce spending, "we need to be encouraged by its success in '93-'95, when the expenditure was reduced by three points, and the fact that other countries have succeeded. " The Governor of the Bank of Italy, among others, believes that "the guideline should be to pay taxes to all those who must pay for decreasing rates of all honest taxpayers":

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