InfoAnda - Don't row back on reforms, OECD tells Italy's parties |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Kazakhstan flood death toll rises to 40 | | 18 March 2010
Priests among 46 Christians killed in Iraq hostage drama | 2 November 2010
Bach letters uncovered in German university archives | 14 December 2008

Philippines vows action after teacher is beheaded | 9 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Don't row back on reforms, OECD tells Italy's parties |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Reihan Salam Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's choice Our best photos from the last 24 hours. Full Article Images of August Follow Reuters Facebook Twitter RSS YouTube Read Chinese electronics factory closed after 2,000 riot 12:16pm EDT Toyota drops plan for widespread sales of electric car 6:09am EDT Iran could launch pre-emptive Israel strike-commander 23 Sep 2012 Analysis: For Romney, some troubling signs among older voters 1:36am EDT Dangerous and deepening divide between Islamic world, West 23 Sep 2012 Discussed 275 New video shows Romney saying Palestinians don’t want peace 123 Romney derides Obama supporters in hidden camera speech 111 Egypt Salafi urges U.N. to criminalize contempt of Islam Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Communism school The place where Mao Zedong's career as a revolutionary began is home to China's leadership academy. Slideshow Endeavour's final voyage The space shuttle takes its final voyage - to Los Angeles. Slideshow Don't row back on reforms, OECD tells Italy's parties Tweet Share this Email Print Related News EU pushes more moves to stem debt crisis Sat, Sep 8 2012 Analysis & Opinion Spanish rescue could cause collateral damage for Italy For Italy, crisis freedom is almost within reach Related Topics World » Italy » Italy's Prime Minister Mario Monti arrives for a meeting with Greece's Prime Minister Antonis Samaras (unseen) at Chigi Palace in Rome September 21, 2012. Monti met Samaras on the first of a day of meetings with leaders of various European countries. Credit: Reuters/Remo Casilli By Gavin Jones ROME | Mon Sep 24, 2012 12:27pm EDT ROME (Reuters) - Mario Monti's technocrat government has laid the base for a reform effort that must be pursued for many years if Italy is to emerge from stagnation, the chief economist of the Organisation for Economic Cooperation and Development said on Monday. Pier Carlo Padoan told Reuters in an interview that whatever government emerges from Italian elections in the spring should not reverse Monti's measures to consolidate public finances and improve the country's chronically weak economic performance. "As a private citizen, I am worried about the political uncertainty," said Padoan, who is Italian. "As OECD chief economist, the message is to carry on with the reforms." Nobody yet knows who will be the leaders of Italy's main parties at the election, which parties will form alliances at the polls, or even which electoral system will be used. Moreover, the two largest parties have said they would change parts of Monti's reforms of the labor market and the pension system. Reforms of labor and product markets must be fully and consistently implemented if they are to produce results and much more needs to be done to raise productivity, Padoan said. Italian labor productivity has been the lowest in the 34-nation OECD bloc for a decade and Italy is the only nation among those hit by the euro zone debt crisis whose unit labor costs have continued to rise over the last four years. Speaking on the sidelines of an OECD conference in Rome, Padoan called for a more decentralized wage-bargaining system to better align salaries with productivity, and a major reform of the public administration. "We have a huge problem of fighting corruption. You have to increase transparency, you have to increase efficiency. If the public administration is inefficient it is also more susceptible to corruption," he said. "We have to reverse a trend that has been here for decades. You can't do that overnight and that is why you need to keep on doing it with the next government." IMPLEMENTATION A government bill to counter corruption has been languishing for months in parliament because Silvio Berlusconi's centre-right People of Freedom party refuses to support it. Padoan warned that if reforms dried up after the election, Italy may not only be "left halfway", but it would also risk going backwards because public support would evaporate. The need for effective application of the reforms was stressed by several speakers at the OECD conference. "Implementation has always been one of the problems of our country," said Daniele Franco, a senior Bank of Italy official. "There will only be results if the reforms are effectively carried out, not just written into the statute book." The OECD said that, if fully and consistently applied, reforms presented by Monti to partially deregulate professions, product markets and the labor market could raise output by 4 percent over a decade. Italy has been the eurozone's most sluggish economy over the course of the last 10 years. "Implementation, implementation, implementation," OECD General Secretary Angel Gurria repeated three times to underline his message, adding that it would be a "disaster" if the parties followed through on promises to undo parts of the changes. The vast majority of the measures approved by parliament under Monti still lack the administrative authorizations needed to make them operative. (Editing by Stephen Nisbet) World Italy Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 24 September 2012
Chinese verdict on ex-cop set to tighten noose on Bo |
Myanmar president heads to U.S., seeks end to sanctions |
Exclusive: North Korea plans agriculture reforms
Sudan, South Sudan leaders negotiate on border, oil |
Insight: China housing drive gives measure of next Premier |
Analysis: Japan, China military conflict seen unlikely despite islets row |
Europeans among 10 climbers killed in Nepal avalanche |
Three films cluster at top of North American movie box office |
Killers battle to top of UK album charts |
Japan protests as Chinese ships enter disputed waters |
China closes in on Bo Xilai after jailing ex-police chief |
Floods, landslides displace 1 million in India; 33 dead |
Kazakh leader appoints PM as chief of staff |
Rescuers search for missing climbers after Nepal avalanche |
Ex-Iran president's son returns from exile, faces charges |
Turkey pro-Kurd party urges talks to end Kurdish conflict |
Turkey clips military's wings in landmark verdict |
Foxconn closes China plant after 40 injured in brawl |
Intel Inside ignites mobile branding war |
Japan chipmaker Renesas flooded with buy orders on rescue hopes |
U.S. judge finds Rambus destroyed evidence in Hynix case |
Homeland triumphs as Emmys go for dose of reality |
HBO and cable rival Showtime score big at Emmys |
Green Day frontman seeks substance abuse treatment |
Actress to sue anti-Islam filmmaker in federal court: lawyer |
Ahmadinejad says Iran ready to defend against Israeli attack |
Chinese electronics factory closed after 2,000 riot |
Don't row back on reforms, OECD tells Italy's parties |
Kazakh leader names PM as chief of staff to reassert grip |
Iran tests home-built anti-aircraft system: report |
Egypt sentences 14 to death for Sinai attacks |
Exclusive: Germany lists reservations on EADS/BAE deal |
Apple sells out iPhone 5, investors worry about supply |
Toyota drops plan for widespread sales of electric car |
New app helps drivers find private parking spots |
Verizon to pay more than $250 million in TiVo settlement |
Smile please! Click-free camera will capture a day in your life |
U.S. poised to hand over $197 million to another solar panel start-up |
Huawei sees smartphones leading growth in consumer devices |
Apple to open second Hong Kong store on September 29 |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01