Five-point program presented by Confindustria for Italy

Measures should be translated into action, says confederation

Five-point program presented by Confindustria for Italy

Rome, June 5 - Following the release of its report filled with grim economic figures for manufacturing in crisis-ridden Italy, the country's powerful industrialists' association Confindustria presented a list of five proposals for the government to revive the economy. Confindustria's research center vice president, Fulvio Conti, said that they are measures "a responsible government should promptly translate into action". The points outline "a mission for which the new government can count on the support of industry," but that require "courageous decisions and a strategy for more growth through a robust industrial policy," Conti said. To start with, the "mother of all reforms", that is "less bureaucracy" and a simplification of procedures," the program recommends. Then cost cuts for businesses and labor through "lighter taxation". For society as a whole, Confindustria calls for a cuts to "restore liquidity to the economy" by paying public sector debts to private companies and support for access to credit for small-medium enterprise. The fourth point calls for reforms to make the labor market less cumbersome and inefficient, with a "an agreement between generations", incentives and tax breaks for young people, women and the less developed south. For the fifth recommendation, a reduction of taxes on investments in research and innovation and stimulation of public and private investments in infrastructure "even by the means of tax credit".

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