by Editorial Staff As part of an extraordinary Ecofin convened by the Spanish presidency through a video call, the European Union managed to reach a historic agreement on the new Stability Pact. Italy accepted the agreement in the "spirit of compromise", thus bringing its consent to the important meeting between the member states. The Italian Minister of Economy, Giancarlo Giorgetti, has [...]
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by Francesco Matera The final stretch of every negotiation is always the most difficult, as it inevitably involves the need to give in on some positions. The final phase of the negotiations on the reform of the Stability and Growth Pact was entrusted to the financial ministers of the 27 countries of the European Union, gathered during a dinner at the end [...]
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Minister Giorgetti thus presented the Italian proposal to Ecofin, reiterated at the International Tourism Forum: “When they say we shouldn't have a deficit, we shouldn't have debt. No, you don't have to go into debt. If those before made mistakes, we must not make mistakes. The problem is not so much flexibility or rigid rules, but inserting realism [...]
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A revolutionary legislative proposal was presented yesterday by the EU Commissioner for the Economy Paolo Gentiloni and the Vice-President of the EU Commission Valdis Dombrovskis. The proposal concerns the new rules for a new community stability pact more responsive to the changing economic situation of recent times following the pandemic wave and the ongoing war in […]
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New rules for the Stability Pact in Europe, this is the ambitious challenge for the Union, grappling with the difficulties of its Members who have increased their public debt, not observing the 3 percent limit (deficit / GDP) , currently suspended due to the pandemic. What is the Stability Pact? It is an agreement [...]
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