«The historical series since 1995 will have a correction, it will certainly be a modest but upward correction“and “it is clear that this will somehow influence the data and therefore with respect to the objectives that we must present to Europe and to Parliament it changes something, but it will not be the solution to the problems”. This was stated by the Minister of Economy, Giancarlo Giorgettiinterviewed at the Open Festival by Enrico Mentana and Franco Bechis.
The reduction of the tax wedge
“We are committed – he continued – not only to confirm but also to make structural” the “cut of the wedge and the reduction of the three rates. When asked if the budget law will be 25 billion, Giorgetti said that the budget law “must be at least 0.5% of correction”.
“We will make a serious budget law”
“I feel like saying that we will make a serious budget law and I believe that two years of this government have demonstrated it”. So again Giorgetti who still has that it is a policy that has «produced results, just look at the difference in the spread» which represents the thermometer «of confidence in the government’s behavior».
Common European Debt
The Minister of Economy, Giancarlo Giorgetti, says he is “rather skeptical” about the fact that an agreement on common debt can be reached in Europe”. “Every time I have proposed, with unchanged conditions, with unchanged amount, simply the extension of the possibility of using the PNRR, and I thank Governor Panetta who yesterday proved me right”, within the Ecofin “the battery of German, Swedish, Finnish ministers starts”. “I don’t have a great echo, honestly for the common European debt in these conditions I would be rather skeptical”.
The minister: “Some bonuses are malus”
Speaking about the possible cuts in bonuses and deductions, Giorgetti highlighted that “some of these bonuses are a bit of a malus, it depends on the point of view” and “a responsible budget policy, as is done in management control” must evaluate whether “a bonus has produced positive or negative results” and on the basis of this evaluation decide whether to cut it or keep it.
On the Draghi plan
Minister Giorgetti does not believe that the Draghi plan has much chance of being implemented in Europe. “As a well-known political diplomat said, politics is above all decisions. I do not believe that it is very simple to decide in this sense in Europe both for the system of rules and for the orientation” of the different countries.