Economy Minister Giancarlo Giorgetti
is not asking for extension of the suspension of the general
clause in the EU's Stability and Growth Pact mandating budget
discipline, which was suspended for the COVID pandemic, sources
at the economy ministry said Monday.
In relation to comments by Giorgetti at the Rimini Meeting of
influential lay Catholic group Communion and Liberation, the
sources said that "the minister is not asking for an extension
of the suspension of the Stability Pact clause in force until
31/12/23, but has expressed the hope that by the end of the year
the reform of the Stability Pact will be approved so that it can
enter into force in place of the old rules from 1 January 24".
Giorgetti said at the CL meeting that he hoped that the
Stability and Growth Pact's general clause, on fiscal
discipline, which has not been applied since the COVID pandemic,
would come into force again next January.
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