Italy wants the EU's reformed
Stability and Growth Pact to privilege investments for growth
rather than budget restrictions, Economy Minister Giancarlo
Giorgetti said Monday.
"This is the Italian negotiating position on which we stand: we
are not making an issue of debt or lack of debt reduction, but
we want investment to be treated preferentially and better than
current expenditure.," the rightwing League party heavyweight
told the annual Rimini Meeting For Friendship Among Peoples
staged by the influential lay catholic group Communion and
Liberation (CL).
"We cannot at a time when we are still in an exceptional
situation go back to rules that ignore the need to accompany and
help families and businesses in the transformation we are
experiencing.
"I hope that in Europe when we decide on the new rules in
September, they will be taken into account."
He added 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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