(Tiper Stock Exchange) – The Mes has to be done: the Minister of the Economy knows this well Giorgetti, especially after the conversation with the President of the Eurogroup Paschal Donohoand that, in recent days, during his visit to Rome sent out a clear message.
“We negotiate agreements in good faith that all parties meet their commitments. This trust is fundamental for the functioning of the EU”. In a “very difficult” situation orEvery “step to strengthen the Economic and Monetary Union sends out a strong signal,” Donohoe said in his speech at the Istituto Sturzo, sayingi “convinced that we will be able to make progress in the ratification and implementation of the European Stability Mechanism (ESM) treaty”. It’s a “fundamental” reform. which “offers us more common tools to deal with crises”. Words that are anything but sibylline.
Obviously, they are quick to clarify on the Government sidethe ratification of the Mes does not mean that Italy will resort to the “Save States” fund. On the contrary. “As long as I count for something, that Italy does not access the Mes I can sign it with blood”, guaranteed the Prime Minister at the end of December.
So far Rome has stalled waiting for news from Berlin: iIn fact, together with Italy, Germany was the only country in the Eurozone that had not yet ratified the reform of the ESM, awaiting the ruling of the Court of Karlsruhe which arrived in early December when it rejected the appeal on the ESM, effectively giving the go-ahead for ratification.
At this point, however, Rome risks isolation given that in fact it remains the only one to have opposed the bailout fund for years. The novelty however is that, unlike what happened when the centre-right was in opposition, the Government has no intention to force the hand with Brussels. “It makes no sense to leave tens of billions of euros stuck there that could be used differently”, says Meloni who is therefore preparing the reverse.