(Finance) – The European Commissioner for the Economy, Paul Gentiloni, stated that the lengthening of the time for examining the implementation of the PNRR of Italy “is a sign of the attention with which our services verify the full achievement of all the goals, which are not few”. “At stake – he added in his speech in connection with the forum organized by Febaf in Rome – are the prospects of sustainable growth for Italy, and the fate of a European program Without precedents”.
“You know we’re in the stage of assessment compliance with the objectives and targets associated with the third payment request. You will have seen in recent days that the Commission, in agreement with the Government, extended i times of this assessment as has already happened for other countries”, underlined Gentiloni. In general “we are still in the first part of the implementation of the Recovery plans but they are already having an impact: the public investment-GDP ratio returned to the highest levels of recent years, reversing the downward trend in public investment which had marked the 1910s after the financial crisis and which was one of the factors responsible for the stunted growth of those years”. “No one ignores the difficulties of implementation, but we all need to focus on overcoming them,” said the EU Commissioner.
Gentiloni then intervened on the possibility for Brussels to create a Bottom to encourage the production of green technologies. “In recent weeks there has been a lot of talk about the challenge of competitiveness, especially for clean technologies. There competitiveness of European industry must also be supported with new common instruments, such as the European sovereignty fund mentioned by the president von der Leyen” he has declared. “This, in my view, would be the most effective way of funding projects of common interest in ecological transition and clean technologies,” she added.
“The easing of rules on state aidif it were to remain the only common choice, it would risk increasing the divergence between countries – he underlined – and undermining the single market”.