New Pact positive and negative but sustainable - Giorgetti

(ANSA) - ROME, DEC 20 - The new European Stability and Growth Pact agreed by EU finance ministers at a special ECOFIN meeting "contains some positive things and others that are less so" but most importantly it is sustainable for Italy, Economy Minister Giancarlo Giorgetti said on Wednesday.
    "Italy has achieved a lot," Giorgetti said of the deal to replace the EU's old fiscal rules that were suspended in 2020 during the Covid-19 pandemic.
    "However, and above all, what we are signing is a sustainable agreement for our country aimed on the one hand at a realistic and gradual reduction of the debt, while on the other looking at investments especially for the national recovery and resilience plan (NRRP) in a constructive spirit," he said.
    Giorgetti's right-wing League party expressed its "satisfaction with the compromise on the Stability Pact announced by Minister Giorgetti".
    "No more austerity: the debt reduction will be realistic and gradual. Investments, especially those for the NRRP, are protected in order to continue to make the country grow," the party added. (ANSA).