(Finance) – “As minister of economy and finance I was interested in the ESM being approved, for economic and financial reasons. But based on how the debate has developed in recent days, it seemed clear to me that there was no air of approving it, even for non-economic reasons”. This is what the Minister of Economy and Finance Giancarlo Giorgettiinterviewed by journalists on the sidelines of the approval of the maneuver in the Senate.
“Everyone knew that there were problems with the ESM. We took a step forward on the Stability Pact. Europe’s challenges are very different. It’s not that Europe is always right” he said Giorgetti, answering the question whether there has been a rift with Europe in recent days. “Everything can be improved, even the ESM. These Treaties – continued the Minister – were made in certain historical periods and history may require other types of responses. Even the Stability Pact, why was it changed? Because when it was made that old Pact there was a totally different situation and today, there is a need for change, also due to the ambitions that Europe has. For example, the relevant factor of the exclusion of defense investments, an Italian request, only two years ago it seemed unrealistic. Today it has become reality, because we have realized that in Europe we must also think about security.”