Between the refinancing of the CIG and the compensation for catering, entertainment and leisure activities, the Government is finalizing a decree between 6 and 7 billion euros which should be approved today or at the latest tomorrow. Paolo Zabeo, coordinator of the CGIA Studies Office, launches a provocation:
“Why was it that these huge resources were not invested before the summer in the local public transport sector to enhance the service, thus avoiding the gatherings that we have been observing in recent weeks? A decision that certainly would have contained the infections and avoided the closure of many economic activities, as imposed by the Prime Ministerial Decree of last Sunday ".
The gravity of the situation, recalled by the CGIA, is there for all to see and never as in this moment must we avoid that the health crisis turns into a social crisis.
To avoid all this, the craftsmen from Mestre report that in the coming months we will be faced with a legislative innovation in the field of credit that will surely put many SMEs in serious difficulty.
The secretary of the CGIA Renato Mason states: "In addition to having an unquestionably excessive tax burden, a bureaucratic pressure that continues to penalize those who do business and the effects of Covid that are increasingly accentuated, there is another major criticality that risks to put many companies in serious difficulty, especially small ones. We refer to the new legislation introduced by the European Union that affects banks. To avoid the negative effects of non-performing loans, from next January 1st Brussels has imposed on them the cancellation of unsecured risk loans in 3 years and in 7-9 years for those with collateral. It is clear that the application of this measure, in essence, will induce many credit institutions to adopt an attitude of extreme prudence in disbursing loans, to avoid having to incur losses in a few years. For many SMEs, in essence, a new credit crunch is on the way ".