Men should contribute 42 years to get his pension and 41 women.
One measure of the plan includes the freezing of pensions that are higher than 960 euros.
According to Monti, the measures are particularly "incisive about tax evasion."
The prime minister has announced compensation waived his remuneration executive leader and Minister of Economy.
The EC welcomes the Italian setting but warns that further reforms will be needed.
The Council of Ministers of the Italian government headed by Mario Monti approved on Sunday the first executive budget adjustment of technocrats and that this Monday will be explained in the Parliament of Italy , government sources.
The approval of the package of economic measures and financial, which aims to save 24,000 million euros, was scheduled for Monday , but decided to advance the Council of Ministers, which has lasted over three hours, after Monti presented the plan to unions , business, social partners and political parties.
Monti, who appeared at a press conference, said his government has " a short term "and" a firm commitment to help Italy out of a grave crisis, a crisis and an economic malaise and Italian society that threatens to destroy what was built by four generations of Italians. "
Italian public debt is the fault of the Italians, who have not given importance to the future of the nation's children
He said that "the great Italian public debt is not the fault of Europeans, is the fault of the Italians in the past have given importance to the future of the nation's children. "
According to Monti, "we have been aware of the need to create the conditions for growth in Italy," to bring under control the deficit and public debt, and "we have also given a very particular weight to equity. "
He said "we have also had to distribute sacrifices and have been careful to distribute them. You will see that our measures are particularly incisive in terms of tax evasion. "
The European excomisario added: "The plurality of sacrifices we want to be seen as a reawakening of the economy Italian, Italian society. "
He added that the labor reform will be addressed the coming weeks: "We have not looked at the labor market, but it will be a definitive step" to give greater weight to merit and competition and greater openness.
As for the costs of policy and steering gear, said, "we adopted a criterion of transparency at the level of international best practice and we decided inspire our asset declarations on the principle of not declaring only what we are asked public office now, but declare our entire heritage. "
Sacrifices and supports equal
Monti said that retributive compensation resignation as prime minister and minister of economy, but retains the income as a senator.
He also referred to the modification of the provinces and said the provincial boards will be abolished and that the provincial councils will have only 10 members.
The prime minister, who wants the decree is called Salva-Italy , announced that it will support the proposal of a tax on financial transactions in the European institutions, a point that Italy had so far had an opposite position.
He said there will be "sacrifice", but also actions in support of enterprises and liberalization in the interests of consumers and competition , while the fight against tax evasion and government priority will exclude the option of resorting to amnesties.
The Minister of Labour, moved
For its part, the Italian Minister of Labour, Elsa Fornero, boarded one of the most contentious issues, the modification of the pension system , with the increase in 42 years for men and 41 for women in the minimum years of contributions in order to receive pension "early" without resorting to quotas.
In the private sector, retirement is for women aged 62 years and for men at age 66 in 2012, with a penalty of 3% for those who are withdrawn, while the total equalization will age 66 years in 2018, he added.
After the minister concluded his speech excited, Monti said the plan calls for freeze pensions in excess of 960 euros per month and maintains the review of minimum pensions in line with inflation.
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