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Contagion? Due to the “distractions of Augustus” – Commenting on the data regarding the new cases of coronavirus, the premier pointed out that “the infections that we count these days” are the result of “august distractions. But Italy once again shows that it has been sufficiently responsible because the amount of infections in compared to other neighboring countries is significantly lower, “he said.
Economic uncertainty and the challenge of growth – Observing the economic situation caused by the pandemic, Conte explained that “the real challenge that awaits us is to tackle the structural problems that have impeded the growth of Italy. The economic situation continues to present a highly complex picture and experts highlight how it is characterized by factors of persistent uncertainty. Today no one can say when we will get out of this negative economic situation. But the challenge is to overcome the structural knots, not to return to the way it was before the crisis, “he admitted.
How to use the Recovery Fund – According to Giuseppe Conte, the government has “very clear ideas” on how to use the Recovery Fund funds. “We are not asking for European money to lower taxes but to carry out recovery and revitalization projects in the country that will remain as a legacy for future generations,” said the premier. “More than 35% of the available resources will be used to support green projects,” explained Conte.
Not just a health emergency – Nothing less than the health emergency, Conte admitted being concerned about the social and economic. “If I really have to say everything apart from the health emergency that was revealed immediately, I was very concerned about the economic and social stability of the system, we did not know in terms of public order what would happen.” According to the prime minister, “it was the biggest challenge since the post-war period to date, but also a challenge that has elicited complex responses from our system.” A democratic system that imposes restrictive measures in the confinement means exposing oneself to an area of unknowns, ”he said.
“Response of fiscal policy to match” – Conte also referred to the government’s actions in the face of the pandemic and the crisis it has generated. “We have also prepared a fiscal policy response to support the economy rising to the challenge. We have acted on many fronts with substantial resources to protect the economy and society. We feel that planning any relaunch would be impossible without supportive measures.” adequate and proportionate, “he said.
The request to companies – “With our regulations we have asked companies to maintain the level of employment while there are public subsidies. After which structural interventions are needed, I am thinking about the reform of the social safety nets ”, Conte underlined regarding the economic measures.
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