This second method of projection thus highlights the need for corrective measures equal to at least 0.7 per cent of GDP, to which must be added the resources for any new initiatives the Government decides to undertake. The Document stresses that the containment and gradual reduction of the tax burden is a priority commitment. Consequently, additional outlays must be financed by expenditure savings.
As you know, the Treaty states that, without prejudice to the primary objective of price stability, the Eurosystem shall support the general economic policies in the Community, aiming at a high level of employment and sustainable and non-inflationary growth.