all A and a B (for costs) – Corriere.it

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Here we are: on Tuesday the president of the EU Commission, Ursula von der Leyen, will be in Rome to present the evaluation of the Italian PNRR to Prime Minister Mario Draghi. The report card of our National Recovery and Resilience Plan has ten A’s, i.e. the highest grade, and a B under Costs, like the plans of the other states approved so far. Next Generation Eu goes live, after last week the Commission also issued the first 20 billion bond.

The funds that will be made available to Italy, which the first beneficiary, from Recovery and Resilience Facility (RRF) – the main instrument of Next Generation Eu, the aid package of 800 billion in current prices – amounts to 191.5 billion in grants and loans, which Rome will have to use by 2023 and spend by 2026. But in order to have the approximately 25 billion in pre-financing it is necessary for the Council to give the green light on the basis of the Commission’s proposal (expected in the Ecofin of 13 July) and for the financing agreements between the Commission and the national government.


The Recovery Plan is a decisive step for the exit from the crisis, observed the Minister of Economy Daniele Franco: The challenge now is to implement it, it is an unprecedented effort. No country has so far managed to comply with the Commission’s indications on the definition of the costs of the measures: justifying future investment costs to carry out the environmental and digital revolutions is not easy, the estimates have been based on similar measures. The first to receive a green light from the Commission last Wednesday were the plans of Portugal and Spain, followed by those of Greece, Denmark and Luxembourg. Monday Austria and Slovakia. Tuesday, in addition to the Italian plan, green light also for the German and Latvian ones.

President von der Leyen will visit all countries, to underline the importance of Next Generation Eu, a turning point in European history not only because it is the largest aid package implemented by the Marshall Plan but also because the member states finance it. they decided to issue common debt, not without the opposition then overcome by the Nordic countries, the so-called frugal headed by Holland.

In the more than one hundred pages of the document, the Commission analyzes not only the plan in all its aspects, i.e. green and digital transition, structure, objectives and governance (which it promotes as well as the control system), implementation, but also the weaknesses of the Italian economy in the challenges for sustainable growth, cohesion and resilience policies for the next generations. Commission expects a wide range of planned reforms in key policy areas to address long-standing bottlenecks and accelerate project implementation.

The NRP largely presents a comprehensive and adequately balanced response to the economic and social situation – writes the Commission – thus contributing to all six pillars provided for in the RRF regulation and follows a holistic approach to achieving recovery and increasing potential growth, while strengthening socio-economic and institutional resilience. For the Commission, the plan includes measures aimed at the green transition in line with the 37% requested by Brussels, despite the claimsfrom the Green recovery tracker, the project of the think tanks Wuppertal Institute and E3G, which indicated them at 13%. For Brussels, the NRP addresses a significant subset of the relevant country-specific recommendations issued to Italy in both 2019 and 2020. Finally, all PNRR measures are considered to be coherent as a whole.

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