Carlo Bonomi, president of Confindustria
Bonomi: “There are hundreds of renewable plants stopped for administrative matters. It’s time to unlock them ”
The president of Confindustria Carlo Bonomi in an interview with Corriere della Sera raises several hot topics of the economic debate, among them expensive bills, reforms, public debt and the energy transition. “It was clear that sooner or later the central banks would have pulled a line. Many were under the illusion that they could continue with helicopter money. Instead the knots are coming to a head. The European rules will be revised, but they will also affect us in the future. AND inflation salt, “he declares Bonomi to the Run, raising an issue concerning businesses: for public debt the rise in interest rates “will be gradual, but for companies it is different: they will have to finance themselves immediately at increasingly higher costs than their European competitors, even if they are equally valid. What is the response from politics on this?”.
Bonomi insists on growth: “I agree with Mario Draghi: with this giant public debt, we have to grow, grow, grow. Still, it seems that the topic is of no interest to anyone. Few talk about what it takes to reverse braking and strengthen the economy in the medium and long term. In the year remaining in the elections, we must focus on what I like to call competitive reformism: not marginal interventions but effective reforms, which make the country modern and competitive. For an economy that processes and processes imported raw materials, this is the only way “.
Never parties “hold back the effectiveness of government action: in the autumn they thought about the administrative, then they filled the Budget law with flags, then they clashed on the Quirinale. We have a great prime minister, we must all put him in a position to work at his best. Instead, unfortunately, the parties often do not allow it “.
For 2022 Bonomi asks to intervene on “justice and competition in primis. On the latter, I hope that the direct in-house credit lines to companies of local authorities will not end up still being extended, as happened for the tenders of the Pnrr. I find it contradictory with the pro-competitive emphasis on the first pages of the Plan. But the real challenge is the fiscal delegation: it’s time for a decisive and structural cut to the worst obstacle to our competitiveness, the tax wedge. 37% of Italians work in the country, a trifle. Incentives to work must be created “.
Then there is the dear energyfor which companies are asking for aid beyond the 11.5 billion allocated by the government so far: “Pre-pandemicwe paid eight billion a year energy bill. This year there are likely to be 37. Structural interventions are needed to increase the supply of energy, to be allocated to businesses. In France, the government is reserving 70% of thenuclear energy low cost business and we too need something like this with our capabilities. We can double national gas production in 12-15 months and allocate a share to industry, with multi-year contracts at reasonable prices. We can increase production from renewables to be reserved for industry. There are hundreds of renewable plants stopped for administrative matters. It’s time to unlock them. ”
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