(Finance) – “This is a very complex moment, we thought that last year was a very uncertain moment but perhaps the uncertainty this year is even greater “. The Minister of Economy said. Daniele Francoduring a joint hearing with the joint budget committees of the Chamber and Senate on the DEF. “Making predictions is difficult, doing it right now is even more difficult” he added.
From the better performance of public accounts expectations emerges “one space which can be used for economic policy interventions. This margin is 0.5 points this year and equates to 10.5 billion euros which then drop to 4 in 2023, 3 in 2024 and 2 billion in 2025 “.
The Treasurer also underlined that after the suspension of the Stability Pact “the pure and simple return to the old rules would be problematic “ because “they have not always been able to guarantee the balance between growth and sustainability”.
Will arrive “in a short time” a new decree with new support for the prices of energy and raw materials, Franco said. The provision, he explained, will have to “restore the spending cuts with which Legislative Decree 17 was financed and intervene again on the question of energy prices, also bearing in mind the charges of local authorities, and ensure liquidity for businesses, extending the guarantee mechanisms “. The decree, he continued, will also have to “strengthen interventions to support refugees” introduce “a revision of prices on public works already underway and take into account for new works, including those of the PNRR that the cost of raw materials is higher. Lastly, it will have to ensure that the sectors affected by the current emergencies are adequately supported “.
General picture, therefore, dominated by uncertainty in the wake to the Russian invasion of Ukraine which the Commissioner for European Economic Affairs also spoke about, Paolo Gentiloni spoke on la7 on Tuesday broadcast this evening, stressing that the West and Europe have responded in economic and diplomatic terms. “Responding in economic and diplomatic terms is not without a cost, but we must put on the scale the fact that we are fighting not only to support Ukraine but also to prevent the victory of an autocratic regime which would then have disastrous consequences for the European balance. and on the other hand, the fact that sanctions also affect those who decide them “. Gentiloni noted that the EU-level sanctions were decided “early in repeated waves and unanimously and we know that unanimity is not taken for granted so there must be a strong reason to support them “.
“On February 24 the European economy, despite hints of alarming inflation, was in good health. We had like a spring frost from the war unleashed by Putin and the consequences may not completely destroy economic growth, because it was so positive when Putin started the war that he might be able to survive in part. But the growth will be much lower and the problems for those who live from their work or live in a difficult situation, when there is such high inflation they are serious “.