Italian economic maneuver, positive climate. Giovanni Tria, "now decide the policy"

Yesterday the Eurogroup issued a very soft text opening to the “backstop”, or final parachute, for the bank-saving fund and the modification of the rules on capital requirements with greater proportionality which partly favors Italy.

After the Ecofin meeting, the Italian Minister of Economy and Finance Giovanni Tria hoped for a credible and rapid intervention by the government, "we must meet the demands of the Commission to avoid the procedure. It is a question of examining possible solutions and the times are tight. The government's priorities must be continued. And we hope to make a move that hinders the economic slowdown". Now it's up to politics, says Giovanni Tria. He then undressed from the dress of the politician to dress the one as a technician, "let's review the measures, decide the policy". Basically we talk about two billion less for the grant of citizenship and allowance only for 18 months, possibly extendable only for one year. Meanwhile, Conte is betting on France and Germany to deal with the deficit as a veiled optimism reigns in Europe. Also the vice premier, Matteo Salvini, confirmed the availability to "change the right maneuver". Even the commissioner for economic affairs, Pierre Moscovici, showed himself softer, "the EU Commission has taken note of Italy's intentions to reduce the deficit, and now we await more details, a credible, concrete commitment within the framework of the rules. We are available to give flexibility but must be in the rules. The dialogue with Italy has become more intense, we see a different tone, more willingness to listen and solve problems".

Italian economic maneuver, positive climate. Giovanni Tria, "now decide the policy"