[Milano Reuters]-Italy's new Minister of Economics and Guartieri said that the Eurozone needs aggressive fiscal policy and argued that environmental investment should not be included in the fiscal deficit.
I mentioned it in an interview with the Japanese newspaper Republica on the 13th.
He said the new Italian administration would not violate the European Union (EU) fiscal rules, but would call for changes to the fiscal rules.
The Eurozone Finance Ministers meeting in Helsinki on the 13th said, “I will go to discuss European policies (in Helsinki). First, I will discuss the need for more aggressive fiscal policy.”
According to sources, the new administration plans to raise its fiscal deficit target next year to around 2.3% of GDP. [nL3N26137E]
“We support the Green New Deal concept based on public and private investment. Domestic finance in this area should be excluded from the calculation of structural deficits (adjusted for business cycles and temporary factors),” he said.
France's Minister of Economics and Finance said on the 13th that the definition of environmental investment needs to be clarified within the EU.