Maneuvering: finals between disadvantages and node flexibility
Damiano, desirable redundancy corrections and retirement age
The budget law has now reached its final stages. In fact, it will have to be launched by the Government to be presented to the Chambers by next 15 October even if the final ok could be postponed by one day at the conclusion of the international commitments of the Minister of Economy, Pier Carlo Padoan, who was first involved in Europe for the meetings of the 'Eurogroup and Ecofin and subsequently at the annual meetings of the Monetary Fund and the World Bank scheduled for next weekend.
Important appointments to tackle the flexibility node in the Eurozone which from tomorrow comes to life precisely when the German Finance Minister Wolfgang Schaeuble, who just today in an interview with the Financial Times warned of the risks of a new financial crisis due to too much liquidity and too much debt, is about to give way to a representative of the new executive being formed after the elections in Germany.
In any case, next Tuesday the topic will be the focus of a lunch among ministers. However, it is not only Italy that is interested in the comparison, even Emmanuel Macron's France wants to understand what is the prevailing position within the Council and the consequent margins of maneuver that can be used to relaunch investments and support an expansive economic policy .
At the center of the debate, already initiated in the Economic and Financial Committee (CEF) by the Sherpas of ministers, is the "discretion" that the EU Commission has announced that it wants to use when examining the stability laws of individual countries.
Italy has asked to limit the budget adjustment effort to 0,3% of GDP in 2018 but has not yet received an official response. The maneuver outlined so far provides for 19,6 billion of interventions destined to be covered, in addition to a lower deficit reduction, also through 3,5 billion cuts (spending rewiew) and with 5 billion to fight tax evasion, a chapter that it will contain a probable reopening of the scrapping of the folders and perhaps also the European web tax.
Most of the 15,7 billion is used to mine the VAT increases and therefore little remains for the rest. In the Competitiveness and innovation chapter - in which discounts for young newly hired people are posted - there are 338 million in 2018 but the figure rises to 2,1 billion when we also add incentives for companies, such as the super-depreciation that is discharged in the 'next year.
The Treasury and Accountancy offices are working at full speed to look at all incoming proposals from all ministries on different fronts. And also to study measures that can meet party demands. In addition to the ones that have already come up with the majority resolution (including the superticket review), Ap has presented its proposals focusing on the "family factor", increasing family allowances for which numerous 600 millions are needed, but also aid to the periphery stores, with the cancellation for these exercises of Irpef and Ires.
On any measures to mitigate the effect of the Jobs Act on the convenience of firing rather than resorting to shock absorbers, Cesare Damiano, president of the House Labor Commission, intervenes, according to which a correction "would be desirable" as well as the willingness of the government to be hoped for, which seems to have leaked from some press reconstructions, to postpone the decision to apply the raising of the retirement age to 2018 years from 67 to 2019 ″.