The G20 appreciates Italy’s commitment to implement economic recovery policies. The final declaration of the summit of heads of state and government of the most industrialized countries, which took place on 3 and 4 November in Cannes, expresses “support for the measures presented by Italy at the Euro summit”, and welcomes “Italy’s decision to invite the IMF to carry out public verification of the implementation of its policies on a quarterly basis”.
“We welcome the transparent and impartial certification” of the European Commission and the IMF on implementation of the measures adopted by the government to overcome the crisis”, commented Minister Franco Frattini in an interview with Sky24, underscoring that up until now Italy had, instead, been “monitored not by transparent bodies but by markets, ratings agencies and speculators”.
Frattini reported that Italy had “obtained European Union, G20 and International Monetary Fund approval of the government’s anti-crisis measures”. Therefore, it was decided we would “request the periodic certification of the correct implementation of those measures by the IMF and the European Commission, and not have it imposed”. That request, he specified, “is not a way for the government to save itself but rather to take shelter at this stage from biased or partisan actions”.