Sept. 9 - Italian Economy Minister Fabrizio Saccomanni predicts Q3 GDP to come in flat or even positive, and expects a combination of foreign investment and the sale of state assets to brighten Rome's future.
Welcome to right then we're inching I'll be attending the I'm visit before and I'm here would be economy minister a victim in this respect commanding. We suspect command and thank you for giant NASA today. We are seeing anything in the first tentative signs of an economic recovery. I had the the government hasn't yet it's changed its forecast for this year and next year so I was wondering. If you could give us an idea a way I mean that we may be heading for 2013. And 2014. In terms of -- We do expect. The economy just have been guys in the third quarter. There are many quarters of negative -- -- you know the third quarter. Would be it would be -- or are financially even slightly apology do we can see. And and the fourth quarter would be positive even so. So 2014. Television default case that. That we have now when that I think their numbers would confirm that we -- moving is that it I think you know for 2000 and and thirteen days no doubt to that of the year would be Eckstein a year of contraction. But what is it read aloud from our point of view is what these -- profiles we named a year. And you know we had the first half already strong contraction. We expect to say going out to be. As I've been rising and and and producing some positive growth in terms of -- probably Qaeda 22 of the banking sector raising kids. A percentage of GDP Kelli thanks at the very lawless land that compared with pretty -- -- -- -- -- practice that. Then -- in the Netherlands and so forth you know so these -- -- sort of you know property counties and then read that much more problems for their banks and then we head. Wind is the government gonna gonna stop to in fact and we the -- -- privatization planning isn't timetable. The frightening is that is -- eighty indicated that our intention -- needs to a look at that competency program involving both. Disposal. And is based -- a real estate assets bundles all of all financial assets in that. -- state controlled companies I'm not done. Mean it was he -- to to give detainees now but that I assume that down. You know we would like to be able to announce. The more details about this program. They -- between the between September and October. I think got it would be it an important. Been part of the week process you know we reiterate he. We really ready to look to sell assets but they're also. Would like to see more more intent is to buy foreign investors an Italian company said that. Just -- To finish the interview just to finally not -- attractiveness. That. At two foreign investors that we are seeing actually some fine investors' interest -- Italian assets it. And life -- -- Koreans that potentially interested in on southern energy. And to maybe so we dismissal yesterday says he's interested in Tenet coming Tonya I'm. How does the government. Viewed this am interest fun non Europeans. European non European play. As they say we we we welcome them of course you know we. Do not -- often as -- -- and their role to play in this scene goes negotiation on and I think it would be. The companies that -- seem all that -- be free to decide. One detention conditions for. Four. Fetch had. For Florida and take -- -- or something like that but that at the same time we we on our -- that we don't have any. Sort of strategy to to prevent. -- such investment wheezing that. Probably foreign direct investment rules so. Sees that kind team improving its birth GDP and competitive position by being in new technology annual. Sort of marketing I think Meeks and make their participation. In global a global. Investment groups.