Italy needs lower taxes and more investments to boost demand and create jobs. This means that the budget deficit must increase, but not much.
"Said Claudio Borghi, chairman of the Committee on Budgets in the Italian House of Commons, in an interview with La7 TV, according to Bloomberg News.
"We need to increase the deficit somewhat, but not much," he said, adding that a deficit of 4 or 5 percent of GDP would only lead to increased imports.
Claudio Borghi also said that the number of jobs increases with a more flexible labor market as the economy expands, but it also leads to greater job losses when the economy is weakened.