Italy is the time to turn the page: "Whoever does for himself does for three"

(By Massimiliano D'Elia) The "liquidity decree"Another decree will soon be presented to the Council of Ministers to deal with the economic damage of Italian companies since the Covid-19 emergency began. The contents of the provision mainly concern 100% guarantees for loans up to 25 thousand euros or 800 thousand with a solvency assessment. Duration of six years. The Guarantee Fund for SMEs rises to seven billion. It also deals with the role of the Cassa Depositi e Prestiti. Last night Federico D'Incà, Minister for Relations with Parliament, presented the draft to a technical table made up of undersecretaries Simona Malpezzi, Gianluca Castaldi, Antonio Misiani and Laura Castelli and the group leaders of the Chamber and Senate of the opposition parties. Also present was the Minister of Economy and Finance, Roberto Gualtieri.

The "liquidity decree"Is a buffer measure, a patch, as the leader of Fratelli d'Italia has often claimed, Giorgia Meloni. It is not the cure, it is not the measures of at least 400 billion euros that are needed to shelter our economy.

An old saying says: "whoever does it for himself makes for three”, We are instead waiting for solutions from other foreign actors who certainly won't give us discounts, quite the contrary! We are awaiting the results of the Eurogroup meeting, where credit lines will be decided "mutualized”That Europe will be able to inject into the Community economic system. Tomorrow we will begin to understand whether Europe can have a future.

The most surprising and apprehensive aspect is that France and Germany have already set up aid programs to protect employment and businesses. We stutter, we don't decide, we continue to stick to social media, we keep talking about nothing. The majority, on “peremptory indication "of the President of the Republic, Sergio Mattarella he promised to collaborate with the oppositions, a pity that this is not the case in reality. Every proposal from the League, Brothers of Italy and Forza Italy is answered with a laconic, "we will evaluate".

However, we have launched a measure. We decide to pay an offer of 600 euros per rain to those who are in evident conditions of difficulty (regular and illegal workers), but the INPS platform, which with a click would have to disburse cash, goes haywire. Justifications are useful: "he was a hacker".

Meanwhile, Brussels has done what it could by loosening the criteria of the Stability and Growth Pact and the rules for state aid. It announced a further program for the purchase of government bonds and other entities, the European Central Bank has taken steps to stabilize the financial markets. Further billionaire sums from the extraordinary funds of the EU budget are about to flow into the largest member countries.

Germany, according to the words of the Minister of Economy and Deputy Chancellor Sigmar Gabriel, agrees to act quickly to guarantee sufficient liquidity to all the States of the European Union in greatest difficulty, to protect jobs and avoid assaults by speculators. One of the tools available to disburse important loans immediately it is the European Stability Mechanism (Mes) which would guarantee Italy (2 per cent of its GDP) 39 billion in fresh money. Other new tools, according to the super technicians, would require at least 9 months to be fully operational. Time would be wasted in the various approval stages. And, the de-bureaucratization of decision-making processes, in the event of a full-blown emergency? A dream. Eventually they will lead us to digest the already tested and operational Save States Fund - Mes.

Un Mes to light conditionality - it would also be accepted by Italy, in the words of the Premier Giuseppe Conte - where controls on the national budget of the Troika (ECB, IMF and European Commission). Germany, continues the vice chancellor, will propose the creation of a Pan-European guarantee fund which can guarantee the loans with which the European Investment Bank (EIB) supplies liquidity to small and medium-sized enterprises in their respective countries. In this way, through the investment banks or national promotional institutions, bridging loans, extended loan maturities and new loans would be guaranteed. And with the project Sure (Support mitigating Unemployment Risks in Emergency), just adopted by the EU Commission, EU members who come to the aid of companies can be financially supported so that, despite the economic downturn, they keep their employees, as happens in Germany with the reduced work scheme. Finally, once the crisis has been overcome, the European economy will need to return to a path of recovery and growth. It would be to ask the high German government official, sure that it will not be favored a oversize Germany? Chancellor Angela Merkel has already allocated 550 billion euros with the state coffers, promising to be able to autonomously reach 1000 billion euros. Money for which he must not be accountable to anyone, because it is within the values ​​of the Fiscal Compact.  

Germany's freedom is due to its deficit (year 2018: 61,9%, compared to Italy's 134,8%), so it must not mediate its internal economic policies with anyone, since they are always kept within parameters of the Maastricht Treaty.

 Eventually there will be the Month, hidden by the robe "light conditionality ", and there will be a guarantee fund (wanted by Germany and France) whose conditions are unclear, almost like "supercazzola”, To quote a phrase dear to Italian cinema. Non-free measures, measures that will weigh on our children, measures that will keep our country more and more in the loop.  The faults? Not only of the politicians that we are then projected into the two halls of Parliament, but of a whole “drug addict” system that has lost a common sense of civic duty over time. Italy is ours and only we with our behaviors can help it .... we must not be in the position of having to depend on the choices of others. Who does it for himself makes for three! We start paying all the taxes and making fewer sick days at home to do the second illegal job.

Italy is the time to turn the page: "Whoever does for himself does for three"

| EVIDENCE 2, OPINIONS |