(Finance) – “I am confident. It is a wish, but it is a well-founded wish”. With these words – speaking to journalists at the end of a presentation event for Lucia Annuziata’s book “l’Inquilino”, at the European Parliament in the afternoon in Brussels – the European Commissioner for the Economy, Paolo Gentiloni, substantially confirmed in Brussels the advances published today by the newspaper “La Stampa” regarding an agreement already reached among the member states on the text of the reform of the Stability Pact, which should be formalized by the ministers during next Tuesday’s Ecofin meeting.
In particular, the reform should deeply modify and render the EU rules on the public debt reduction path for the Member States are more flexible which, like Italy, exceed the Maastricht threshold of 60% of GDP. The new Pact will apply from the beginning of next year, when the suspension clause of the current rules, activated to help countries cope with the Covid-19 pandemic, expires.