Economic maneuver tight times: Conte summons Salvini and Di Maio

(by Massimiliano D'Elia) Decisive hours for the Italian economic maneuver. Today the Prime Minister Giuseppe Conte will have a majority summit to find an agreement on the measures most dear to the Lega and Movimento Cinque Stelle, income, citizenship pension and a quota of 100 to dismantle the Fornero reform.

The decisions taken today will form the backbone of the new budget proposal that Giuseppe Conte will present next Tuesday to the President of the European Commission Jean Claude Juncker. The indications lead to the exclusion of an increase in the public debt of up to 2,4 per cent, but tend towards an approach to 2,00 per cent or even 1,9 per cent.

The decision is entirely of a political nature, as Giovanni Tria also said, who in these days has dressed as a technician also because he was cornered by the whirlwind machine of politics. Only Giuseppe Conte will be dealing with Europe, so declared the two vice premier, the real decision makers of the fate of the government and the country. Another cold shower was the report by Fitch experts who reduce Italy's growth estimates from 1,2 percent to 1,00 percent. The Government could therefore decide to delay the start of the most anticipated measures by the electorate to channel most of the resources on investments in favor of major works, the only engine capable of reversing the trend of the infamous growth forecasts estimated by rating agencies and EU Commission. This could be the political solution to be proposed in Strasbourg to try to avoid the infringement procedure for excessive debt by Ecofin. After meeting Junker, Prime Minister Giuseppe Conte will participate in the European Council after two days, a propitious occasion to soften the heads of government of the countries most hostile to Italian economic measures. The next appointment is scheduled for 19 December when the eurozone governments will be called to evaluate the Commission's report and possibly decide whether to interest Ecofin for the start of the infringement procedure against Italy, or to delay the decision in January 2019.

Economic maneuver tight times: Conte summons Salvini and Di Maio