IMF, Kristalina Georgieva
Between a 60 billion euro maneuver in two years and the specter of recession. The IMF freezes the government
The recent visit of IMF technicians it has caused a new alarm in the government, greater than expectations: they will be needed at least 60 billion in the next two maneuvers financial institutions to try to put Italy’s public accounts in order. All starting from the assumption that the government – reports La Repubblica – must reduce debt and deficits, much more rapidly than it has foreseen so far, if it wants to set out on the path of solid and sustainable growth over time, avoiding the risks of new crises. And this is based on a stringent technical, not political, analysis. At least they stay three vital questions for the future of our country to face and resolve: the cancellation of Super bonus, and other measures that are useless for growth or unsustainable on a fiscal level; The 3% primary surplus surplus, to be achieved within a couple of years and the issue linked to the Pnrr. According to the Italian authorities, however, the surplus risks exposing us to recession or in any case a serious slowdown.
The IMF – continues Repubblica – insists. There is a need for act more quickly on guaranteesin fear of having to face a crisis, which could arise from one rate decline slower than expected. This would expose some businesses to the risk of failure, with the related problems for public finances. On the Pnrr, the Fund is openly in favor of the postponement, because it does not believe it is logical remain anchored to the initial deadline of 2026, thus risking losing many benefits. The problem is that the delays in the application are so serious that it is assumed that a one-year extension would not be enough to remedy them and it would be of little use in the substance of our accounts.
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