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“Italy is the only country where there is a lot of discussion about the Month,” in which “there will be no conditionality beyond the restriction on spending money to cover the direct and indirect health costs of the pandemic. For Italy, it comes 36-37 billion at a rate close to zero. The loan will have a 10-year maturity, resulting in savings for the state coffers of several billions. ” This was stated by the EU Commissioner for the Economy, Paolo Gentiloni, in an interview at the opening of the Republic.
“These lines of credit are symbolic of the different way in which we face the crisis: ten years ago, a country in trouble asked for help in exchange for draconian conditions, while today, with Europe facing a common crisis, we have an accessible tool for everything and without conditions, “stresses Gentiloni, according to which” Europe comes out stronger because it has exposed the ambitions of nationalisms, the myth of the strong man who worries about the pandemic and the narrative of the country that does it alone. We have shown that science, cooperation between nations and the ability to handle complex situations are necessary. Nothing worse for populist nationalism. “
Gentiloni warns of the risk of “asymmetric consequences” in the EU. “We have suspended the Stability Pact and state aid rules to encourage huge expansionary policies that will exceed 25% of European GDP. However, countries have different availabilities and, by the end of 2021, the differences will not have narrowed, but accentuated a disturbing fact.
The single market and the euro zone with too many imbalances and differences between partners, warns the former prime minister, are in grave danger. “
With Mes, Sure and Bei “for the first time, the EU institutions are not limited to the ECB’s monetary policy and the vigilance of the Commission, but are launching common financial resources. We have broken a taboo, it is not enough.” The recovery fund, says Gentiloni, will be presented “in two weeks, and its objective will be to mitigate the risks of excessive divergences within the single market.” “It is necessary for the plan to become operational as soon as possible, without waiting until 2021, in order to have very significant financing and act with a combination of subsidies and long-term loans.”
Sassoli, ‘in Mes there are already 14 billion Italians’ – “Of the Month it is discussed only in Italy. But let’s not forget that there are already 14 billion Italians in that fund. Now there is an unconditional health line.” This was stated by the President of the European Parliament, David Sassoli, to Rainews24. “If we want to improve our health facilities in the area, in universities, in industrial areas, hire doctors and nurses, let’s remember that money that the Italians have already made. Perhaps our country should think a little about us,” concludes Sassoli.
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