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Free AccessMNI INTERVIEW: Italy Renzi Pledges To Create 1 Mln Jobs in '18
--Euro Exit Calls "Folly"; It is "Irreversible"
--Elections Frontrunner "Trusts" Italian Voters' Choice
--Downplays Post-Vote Governability Risks, Says No Chaos
--EU Integration Project To Continue But Europe Must Change
ROME (MNI) - One million new jobs will be created across Italy in 2018 and
the European integration programme will be pursued if the Democrats win next
year's election, Matteo Renzi told Market News in an exclusive interview.
Renzi, Democrat Party leader, former premier and a frontrunner for next
year's general election, said employment is a main challenge for the country and
the Democrats are the only party able to deliver the concrete results to support
the ongoing recovery.
Renzi, who became prime minister in February 2014, noted 22 million were
employed then, rising to 23 million today, but there was no room for
complacency. "But next next year we want to raise this figure to 24 million,"
Renzi said.
He also said he plans to increase the number of fixed-term work contracts
from current levels, to give families a brighter future and therefore help boost
consumption rates.
--EURO EXIT "FOLLY"
He was also undeterred in his support for the single currency, dismissing
all suggestions of referendums or dual-currencies.
The euro remains untouchable and irreversible, he said, with all calls to
exit the single currency coming from Lega party populists and the
anti-establishment 5 Star Movement mere "folly".
For Renzi the European unification process must move on, "against all
isolationist and crazy tendencies like that of proposing a referendum on the
euro exit or the introduction of a double currency".
According to the 42-year-old, who ruled Italy until resigning in Dec 2016
when voters rejected his constitutional reform plans, the difference between the
Democratic Party and the centre-right coalition led by former premier Silvio
Berlusconi "lies in all the things we have done and which they have only
promised".
The current 5-year legislature, set to end in the next few weeks to allow
for elections as early as March, "has strengthened civil rights and brought
forth a crucial reform path with regard to the labour market and the state's
structure," Renzi said.
In Renzi's view, the recent Democrat agenda -- from the Jobs Act to
equalities legislation -- has unblocked the decades-long stalemate Italy was
stuck in.
"Before, everything was frozen, paralysed, bogged down," stressed Renzi.
"The fact that today we can name laws and reforms we have done with proper,
specific names, is great and gives an added value to our work."
"We care about Italians, our main concern is how they are faring" Renzi
said, as the country is finally back on the path to growth after a triple-dip
recession, the worst in its post-war history.
--ELECTION MANIFESTO
The Democrats' election manifesto is still a work in progress, he said,
which will be put together at party level after having listened to grass-root
requests and concerns coming from the electorate.
During his journey around Italy, "listening to voters" rather than just
campaigning, Renzi said he "encountered a country full of life, resources and
opportunities" that only needed to be channelled into concrete actions to
further improve the outlook.
"After this wonderful journey, we now have clearer ideas on how to build
our project for Italy's future," he said.
Renzi brushed away concerns over governability risks if the upcoming
elections fail to deliver a stable, ruling majority able to pursue reforms and
thus reassure an "over-watching" Europe on Italy's credibility in meeting its
commitments. Italians would make the right choice at the ballot boxes, he
argued.
"I trust Italians, actually I must admit that I have more trust in the
stability of Italians than in the stability of Europe," he said, adding that the
Democratic Party had clear views on how to reform and boost the European Union's
governance model.
"We are convinced Europeans, but we want a different Europe from the
technocrat one we have often seen. We've always said: 'Yes to Europe, just not
this one', meaning more growth and less austerity, more democracy and less
bureaucracy, more social services and culture, not just finance and budgets,"
Renzi said.
--DOWNPLAYS NEW LEFT FEARS
The Democrat leader also downplayed possible threats to his position coming
from the new left movement, Free and Equal, that is uniting the anti-Renzi left.
Renzi said his party was far from being alone and was focusing on creating
an alliance with other left-wing forces ahead of the March vote -- alliance
based on concrete commitments to better the country, rather on than empty words.
"We're building a wide centre-left coalition. When it comes down to
'leftist' things, the Democrat party enacts, does not proclaim them. For us,
allying means having common targets," he said.
"This is what the left really is," Renzi said. "The Democrat Party doors
are and will always remain open to those who share our project, focused on a
common country view".
The former premier warned however, that the lost unity of Italy's left,
torn apart by divisions, risked favouring its enemies.
"We must all feel the same responsibility: that of avoiding to hand our
country over to right-wing parties that over years, to put it mildly, have shown
governing incapacity," he said.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MFIBU$,M$E$$$,M$I$$$,M$X$$$,MC$$$$,MT$$$$,MX$$$$,MFX$$$,MGX$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.