With the increase in interest rates decided by the ECB, it is even more important to keep public debt under control. This was declared by the Minister of Economy Giancarlo Giorgetti speaking via video link at the UDC party. “What is obviously before everyone’s eyes, the conflicts and the consequences on energy prices and therefore the indirect consequences on inflation are evident”, argued Giorgetti.
«It is a problem that in my opinion cannot be addressed solely with economic policy tools. And connected to this is the dynamics of interest rates, the recent increase in interest rates of the European Central Bank precisely to combat inflation and the increase in prices, in reality translates into greater burdens for those who are in debt, both families and businesses, and also for the State. And therefore in these moments when interest rates are increasing we understand how important it is to keep public debt under control, to have the possibility in some way of being able to place it and therefore to have the trust of the markets and savers for the placement”.
«In these 4 years the government has achieved results in terms of international standing on public financial management without austerity interventions: we have reduced the tax wedge, we have promoted incentives for businesses but if I have to take stock of September 13th I cannot fail to consider the global situations. There are conflicts and consequences on energy prices and indirectly on inflation that are there for all to see. It is a problem that, in my opinion, cannot be addressed only with economic policy tools.” Thus the Minister of Economy, Giancarlo Giorgetti in connection with the UDC national celebration underway in Rome