(Finance) – “As Minister of Economy my first commitment is the prudent use of resources. Having defended the solidity of public finances means having preserved the space to support investments and innovations.” This was announced on Minister of Economy, Giancarlo Giorgetti, in Milanor for an event on AI of the Bruno Kessler Foundation in Piazza Affari announcing that “The government is already working to prepare the new structural budget plan to medium-term introduced from the reform of European economic governance”.
“It is essential to give continuity to an experimentation of European fiscal capacity, to be linked to the challenge of international competitiveness and perhaps to be financed on a European basis”.
“Today, competition is based on the ability to remain on the frontier of innovation. In Europe – he said – we are still moving in no particular order, where an approach based on the regulation and relaxation of state aid rules and leaving member countries to compete with each other prevails. On the data economy, each country moves in no particular order or not at all: standing still or being inert means slipping backwards”, added Giorgetti. A lesson, he concluded, “even more true for Italy whose industrial structure must face the challenges of low productivity and the increase in the number of companies with high technological content”
“We want to strengthen finance tools for growth, so that private savings can be channeled to companies that want to investcontinuing on the path started with the bill for the competitiveness of the capital market”, said Giorgetti underlining that “massive investments for innovation” are needed and it is therefore necessary to “foster the development of the European and national capital market, of venture capital in particular also through a strengthened role of institutional investors”. The minister added that “Europe’s digital and technological sovereignty will also depend on the way in which it faces the financial challenge”. During his speech, the number one of the Mef he also highlighted that “today the world competition is played starting from artificial intelligence”. Many of the technologies, he said, “have a geopolitical relevance which also requires public oversight, ready to adapt to changes”.
On Post Office – “We said we have to keep control, so we can’t go below 35%”, said Giorgetti, speaking about the privatization of Poste. Today 35% of Poste Italiane is owned by Cassa Depositi e Prestiti and more than 29% is owned by the Ministry of Economy.