(ANSA) - ROME, JAN 9 - The European and global economic situation is uncertain and the EU's lead is essential, Economy Minister Giancarlo Giorgetti said after talks in Rome Monday with Eurogroup President Paschal Donohoe.
    "I am happy about Paschal's visit to Rome. In a European and global context characterised by a high degree of uncertainty, we continue to support citizens and businesses affected by high energy prices", Giorgetti said.
    "Economic growth and sound public finances are at the heart of the Italian government's action, also by increasing investments and implementing reforms. In this context, we believe that effective coordination and joint actions at the European level are essential".
    Donohoe said he was convinced that progress would be made on ratifying the reformed EU bailout fund, the European Stability Mechanism (ESM), even though Italy has so far said it will not ratify it.
    "We negotiate agreements with the good faith that all parties respect their commitments. This trust is fundamental for the functioning of the EU'. In a very difficult" situation, every "step to strengthen the Economic and monetary union sends a strong signal".
    "(I am) convinced that we will be able to make progress in the ratification and implementation of the European Stability Mechanism (ESM)".
    It is a "fundamental" reform that "gives us more common tools to deal with crises". (ANSA).