The response of the new French president Francois Hollande on this issue just seemed the motto cost growth, it what it may. What is your opinion?
Italy's position was always for more growth, but against the idea of growth at the expense of fiscal discipline. But after the elections, the French position is approximated to that of Germany and Italy.
So what was your role at the last summit in Brussels?
We had, in my view one hand to do something for the growth, on the other hand fighting around the main obstacles to growth, namely the instability of the markets. Imagine if we had said at the final conference, let us be as agreed on the growth package, but we have no solution to the instability of the monetary union. Under these circumstances, even the Growth Pact would have been interpreted as a renewed glow solution without major effects on markets and the economy. When I - as well as the Spaniards - have said that I saw myself not able alone to approve the growth pact because we needed an agreement on short-term instruments for stable finances, delayed course, the adoption of the Growth Pact by half a day. But that we have received unanimous support for a package of two issues: growth and stability.
So how is your assessment of the summit?
It is a compelling package was agreed in the interest of the monetary union and the European Union. The proof of this is that it in the markets on Friday said that at least this time I chose a summit more than expected. Germany and Italy have acted consistently and have both contributed to a European progress.
So how is your relationship with Chancellor Angela Merkel?
My government has since the beginning of the term always had the support of Chancellor Merkel and Finance Minister Wolfgang Schäuble, for which I am very grateful. Even though we have not always expressed in the same way, I am also thankful that we receive from our German partners recognized for our restructuring efforts. At the same time it also acknowledges that our efforts are hampered in part from the fact that the risk premium on Italian government securities is so high. Finally, we also share a lot of views. Not for nothing I would personally in Italy often seen as "very German".
Italy's position was always for more growth, but against the idea of growth at the expense of fiscal discipline. But after the elections, the French position is approximated to that of Germany and Italy.
So what was your role at the last summit in Brussels?
We had, in my view one hand to do something for the growth, on the other hand fighting around the main obstacles to growth, namely the instability of the markets. Imagine if we had said at the final conference, let us be as agreed on the growth package, but we have no solution to the instability of the monetary union. Under these circumstances, even the Growth Pact would have been interpreted as a renewed glow solution without major effects on markets and the economy. When I - as well as the Spaniards - have said that I saw myself not able alone to approve the growth pact because we needed an agreement on short-term instruments for stable finances, delayed course, the adoption of the Growth Pact by half a day. But that we have received unanimous support for a package of two issues: growth and stability.
So how is your assessment of the summit?
It is a compelling package was agreed in the interest of the monetary union and the European Union. The proof of this is that it in the markets on Friday said that at least this time I chose a summit more than expected. Germany and Italy have acted consistently and have both contributed to a European progress.
So how is your relationship with Chancellor Angela Merkel?
My government has since the beginning of the term always had the support of Chancellor Merkel and Finance Minister Wolfgang Schäuble, for which I am very grateful. Even though we have not always expressed in the same way, I am also thankful that we receive from our German partners recognized for our restructuring efforts. At the same time it also acknowledges that our efforts are hampered in part from the fact that the risk premium on Italian government securities is so high. Finally, we also share a lot of views. Not for nothing I would personally in Italy often seen as "very German".
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