Europe agreed to a compromise on the
new Stability and Growth Pact that will have to be evaluated
over time, Economy Minister Giancarlo Giorgetti said in a keenly
watched hearing at the House budget committee Wednesday.
The agreement reached before Christmas averted the automatic
return to stringent former budget rules and was "less rigid"
than they had been, the Italian government said at the time.
The agreement on the stability pact, Giorgetti told the panel,
"is a compromise, whether a compromise downwards or upwards I
don't yet know, I have said and I reiterate that we will make
the assessment in some time".
"The Italian success is the possibility of the extension by up
to 7 years for those who respect (post-CoVID National Recovery
and Resilience Plan), NRRP," the minister went on.
"It means that you have to respect the NRRP", underlined
Giorgetti, 'in all this, flexibility has come into play and it
is a great success of our country"..
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