no to blockade, it can kill the economy



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Covid Italy, government: no to the blockade, it can kill the economy

ROME The day of the new repression, with restrictive measures for bars, restaurants, amateur sports, socialization, events, Giuseppe Conte runs to reassure the world of economics and production: «There will be no new emergency shutdown generalized. “A signal, whileepidemic It has been working again for ten weeks, which also serves to defuse the first signs of social protest: the prime minister and the entire government are aware that, compared to last March, it would be difficult for citizens to be locked in again. their houses. At the Palazzo Chigi, they closely monitor social networks and, as a source who follows the dossier says, “this time we would run the risk of a social revolt, in the face of a generalized squeeze.”

“I would exclude a second generalized blockade, we say it with reason”, was Conte’s debut in Taranto, which in recent months had denied the possibility of deciding a new block of productive activities. And he explained why: «We have worked precisely to avoid this type of confinement.

New Dpcm, Conte: Dpcm, Conte: Bars closed at 9pm and house parties (with mask) with a maximum of 6 people. Hypothesis remote lessons in high school

Masks also recommended at home among non-cohabitants, house parties with up to 6 people (but this is also just a recommendation), stop for amateur contact sports such as football, basketball and volleyball and stop also for school excursions. For places that do not offer table service, close early at 9:00 p.m.

We have strengthened the hospital facilities, the response of the health system has improved. We are way ahead. We do an impressive amount of tests, even with the latest circular from the Ministry of Health we will be able to reduce the quarantine of the first 14 days. We have the opportunity to introduce new tests even faster. We have a very sophisticated tracking system. If this curve continues to increase, I anticipate some very limited territorial blockades. But I repeat: we are no longer in a position to intervene in a generalized way in the national territory or in large areas of the territory.

The fears refer to an abrupt new stop of the timid signs of growth and the sustainability of a new social grip. Concern also endorsed by the Parliamentary Budget Office, which spoke of “not inconsiderable consequences both in the economic cycle and in the productive structure, already hit by the past recession” in the event of new closures. And then there are the industrialists who don’t even consider another lockdown. “For economic reasons, but also for questions of future prospects”, clarified President Carlo Bonomi. Ultimately, the problem is no longer even how much the general shutdown costs to the economy (between 9 and 12 billion a week according to estimates), but the stability of the production system. It is not certain that companies can recover from a new lockdown, with devastating effects on the resilience of employment.

But above all, talking about new closings runs the risk of slowing the recovery and undermining confidence. Yesterday, Istat noted that household income fell 5.8%, but consumption 11.5%, while savings rose more than 18%. Fear does not make you spend, so even the fear of a new block must be removed. Also because it would not be easy for the government to deal with the consequences in public accounts. To face the first blockade, the Treasury had to finance interventions for 100 billion euros between layoffs, support for companies and families. The debt this year will jump to 158% of GDP and for now it is mainly supported by the ECB’s interventions. In addition to business, the state is also in danger of going bankrupt.

THE CHORUS OF NO

In fact, the “no” to the confinement is a chorus. Here is the Commissioner for the Economy, Paolo Gentiloni: “Containment measures for the coronavirus must be provided to build trust.” And here are the regional presidents who reiterated their alarm during the meeting in the Palazzo Chigi control room: “Yes to the specific measures to avoid gatherings, but we must intervene while safeguarding both economic and social activities as much as possible. “, He said. the president of Emilia Romagna, Stefano Bonaccini.

Along the same lines, the Ligurian governor, Giovanni Toti, and the Lombard, Attilio Fontana: “The priority is to safeguard health, but not to excessively affect our economy, which cannot afford another stop”. And the Milanese mayor Beppe Sala: “We need to find a balanced formula that allows us to guarantee health and for families to move forward.”

Last update: 23:25


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