Gentiloni: “Enough budget differences and political uncertainty in Italy”
Paolo Gentiloni delivers a clear message to Italyafter the decision of the ECB to raise i interest rates which also caused the rise of the Spread. “Italy among its objectives – explains Gentiloni to Corriere della Sera – has that of keeping under control there current expense. It is fair to cope with the impact of electric price increases, but as much as possible with targeted expenses and temporary, not aggravating the debt. Blame it on Europeit’s a reaction that I see surfacing in Italy and I find it incomprehensible. And, in addition to myopic e unfoundedand also self harming: you have to be careful not to add political uncertainty to an already complex economic context. The message must be the opposite: that we are lucky at this juncture ad to have Mario Dragons as premier, but whoever governs tomorrow guarantees the continuity commitment European of Italy “.
“There is no doubt – continues Gentiloni al Corriere – that the Russian invasion changed the course of the economy increased uncertaintybut I don’t think it makes sense to formulate prophecies of doom. Even in such a complicated phase, the recession it is not inevitable. And the catastrophism it is not good medicine. There is a theme linked to the architecture of the monetary union and one of the adequacy of the policies of the countries a high debt. Difficult to draw a line. There ECB must be left to work in autonomy. The point as far as we are concerned is assume in full ours responsibility of economic policy, at national level and in common institutions. It can’t be there ECB to solve all the problems“.
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