The information "International Activities" of the Council and the National Foundation of Accountants has been published which analyzes the economic measures adopted at European and international level in response to the pandemic crisis. An Italian regime of 625 million euros approved by the European Commission to support tour operators and travel agencies affected by the Covid-19 pandemic
The Council and the National Foundation of Accountants have published the periodic information “International Activities”, an in-depth analysis on the economic measures adopted at European and international level to combat the pandemic.
During the last meeting of the European Council, a compromise was finally reached on the multiannual financial framework and on the plan for the EU recovery, definitively overcoming the issue of the veto of Poland and Hungary that had been feared in recent weeks. The deal on Next Generation US e Recovery Fund provides EU countries with € 1.800 trillion to fuel the post-pandemic recovery and build a more resilient, green and digital Europe.
The European Parliament and the Council recently reached a political agreement on the new InvestEU program, which will promote strategic, sustainable and innovative investments for the period 2021-27, with particular regard to the companies most affected by the pandemic.
In the area of state aid, the Commission recently approved a support of 625 million euros in favor of the Italian tourism sector, severely affected by the economic consequences of the coronavirus, the measure adopted will help companies active in the sector to tackle the problems related to liquidity.
The ministers of the economy of the 19 euro area countries have definitively approved the modification to the treaty that redesigns the aid of the European Stability Mechanism, with a view to preventing upstream crises instead of only treating them after to the Mes the task of providing a financial parachute (backstop) to the bank-saving fund.
Another topic explored by the information, the request of the European Commission to our country to abolish the exemptions from corporation tax enjoyed by Italian ports in order to align the national tax system with the EU rules on state aid.
Finally, the monetary policy decisions of the European Central Bank were published, which envisage an increase of 500 billion euros, 80 of which destined for Italian bonds, the PEPP, the securities purchase program for the pandemic emergency, the total of planned purchases thus rises to 1.850 billion.