Almunia, the political crises are highly undesirable

BRUSSELS -  "A national debt well above 100%, and the persistent weakness of the day, despite the improvements, increase the uncertainty on the growth of 'economy and generate significant cost, making l' Italia vulnerable to increases in interest rates  ». This is cia ² says that the EU commissioner for economic and monetary affairs, Joaquin Almunia, in the report on program stability Italian;
DAVOS - Dopodichà ¨ Almunia spoke from Davos on the sidelines of World Economic Forum.  "There will be a recession in the EU, growth will most low as expected, but not so cosà ¬ nettoÂ. Optimistic forecast, reassuring to Almunia, who then explained that  "the risks to growth have increased in Europe but, in recent years, European economies have built sound fundamentals and a good attitude of the public with very good results on the market of work that have brought down unemployment to new minimum of the last 25 years. " Therefore, concluded the EU commissioner,  "we are in a better position to deal with this phase of turbulence Mercat.
 «ITALY INSTABILE» -  «We will see what will happen in those days. I hope in the prospect of political stability in Italy to address the plight of 'economiaÂ', after all, Almunia said it is "alarmed" by the Italian government. .  "I have concerns that puà ² have anyone when a country has political difficulties, and in these days, 'Italy has difficulty because of' instability in the government ParlamentoÂ.
PUBLIC ACCOUNTS - After the good results of 2007, the slowdown of 'economy will weigh on public finances in 2008, said the commissioner.  "The results on public accounts in 2007 are quite good - said Almunia - but for the 'Italy of the economic prospects of 2008 are no more cosà ¬ good as they were a few months ago, and this will create pressure on finance published.  "The point - continued Almunia - is that in Italy the reorganization of public accounts is less advanced than in other countries. This requires particular attention to the rehabilitation, to create a win-win situation for investors and consumatoriÂ.
 'CRISIS SGRADITE "- Â" I believe that There's a difficult situation of the Government in the Senate and I think that the political situation should be clarified as soon as possible. I think the only way we can address the real issues, such as problems of 'economy, which still represent a very politicaÂ' ¬ cosà talks about the political situation in Italy. The EU Commissioner underlined that the current conjuncture of the market  "the crisis is political at this moment particularly sgraditeÂ.
Everything is started after the summer period during which industrial production Italian has revealed a sharp decline. The evidence for each ² is the fact that the index is seasonally adjusted decreased for three consecutive months (September to November) and the modest rebound in December estimated does not prevent a sharp decline of 'manufacturing activity. In short the average 2007 production trends and is, therefore, returned to zero growth, in the face of good growth (+2.6%) putting a sign in the previous year, with the cyclical peak reached its end 2006, when he temporarily recovered to the level six years earlier. In the following months of 2007 is recorded a phase of consolidation, which is gradually transformed into a new stagnation, not allowing a glimpse into a possible short-term trend reversal. ASncora once, the braking of 'industry in Italy is been more sensitive than other countries eurocontanti.
The effects of all cia ² let's touch on GDP, which is marking the passage between the end of 2007 and early 2008, with economic growth now estimated at zero. The average last year, first of all, it would be attested to 1 ,7-1, 8%, whether or not corrected for working days (three more than in 2006). In the autumn forecast, the estimate was higher than two decimal places, lost with the negative results of the fourth quarter, clearly influenced by expensive oil and supereuro, in addition to close in the banking sector. But the consequences are more important in 2008 will, in which the growth of GDP is expected in steep decline, from 1 ,3-1, 5% in the fall to 1% or less (0,6-0, 8%), should it be felt in Europe, the looming recession, the 'American economy, with a significant drop in global demand. A play by determining factors are both expensive oil and the euro area, which can slow down our economy a lot to export! We must also take into account that all the elements of weakness on the side of 'There's the supply situation and prospects of the application is no less problematic. Looking to the coming months, the recent trend of the indicators of confidence of businesses and households shows a profile transferor intended to continue during the 'year, ¬ cosà increasing the risk of a relative stagnation in the dynamics of the GDP. Private consumption is expected to continue to languish as a result of modest growth in real disposable income, compounded by the rise of 'inflation, which subtracts purchasing power to households, already reduced by high tax burden. And if we add all cia ² the rise in oil and energy products in general, the possibility of consumer spending is reduced significantly!

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