Rome

Italian debt under control, more reforms needed says OECD

'Energy and services must be made more competitive'

Italian debt under control, more reforms needed says OECD

Rome, March 28 - Italian debt is under control and market approval continues, as proven by current debt auctions, Organization for Economic Cooperation and Development (OECD) Deputy Secretary-General Pier Carlo Padoan told ANSA on Thursday. "Italy must speed up the process of making good on its debts to businesses and cut the fiscal wedge," Padoan said. Further structural reforms are needed to make the domestic market more competitive, he added. "Energy is very expensive right now for families and businesses, as are services," the OECD economist said.

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