Rome

Saccomanni says coalition government meetings going well

Better collaboration between parties developing, says minister

Saccomanni says coalition government meetings going well

Rome, July 18 - Government coalition meetings on thorny fiscal issues are going well, Italy's economy minister said following Thursday sessions. A new collaborative approach between the various political parties in the coalition is developing, Fabrizio Saccomanni added in a tweet from the meetings. These represent "a new method of enhancing relations," posted Saccomanni outside sessions aimed at finding solutions to a deadlock over the unpopular IMU property tax and a dreaded increase to the country's value-added tax (VAT). Sources said Saccomanni would present a series of proposals developed by economists. Italian Premier Enrico Letta earlier this month announced the government's top political priority was to staunch the creeping VAT and to make cuts in the loathed IMU. However, former premier Silvio Berlusconi promised to cancel IMU and pay back last year's take during the campaign for February's general election, which resulted in an unprecedented left-right coalition between his People of Freedom (PdL) party and Letta's Democratic Party (PD) to break a stalemate. PdL lawmakers have staked their political reputation and support for Italy's unprecedented right-left government on the two tax measures.

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