“The debt it can strengthen us, if it allows us to strengthen the well-being of our country, as happened during the pandemic. It can make us more fragile if, as has often happened in the past, resources are wasted. “These are the words of the premier Mario Draghi, intervened at the solemn closing meeting of the A.C. of the Accademia Nazionale dei Lincei. The prime minister reiterated: “Debt can unite us, if it helps us achieve our goal of sustainable prosperity, in our country and in Europe. But debt can also divide if it raises the specter of moral hazard and budget transfers as it did after the financial crisis. “
State “crucial” for the energy transition
With regard to the energy transition, Draghi, during his speech, declared the awareness of the importance of research and of a path that will lead – he explains – future generations towards the 2030 and 2050 objectives, which see the role of the active and crucial for them. “Not only in the construction of key infrastructures in research and development – he adds -. But above all in catalyzing private investments in the priority areas. By giving confidence. By simplifying procedures. By helping companies to manage risk in new areas. By designing policies of transparent decarbonisation shared between countries “.
EU, Franco: “Budget tightening now premature. But debts go down”
“We are in favor ofextension of the suspension clause general rules to 2022. And we are for the reopening of a debate on the reform of EU budget rules, from the second half of this year. I think that in the coming quarters we should avoid a premature tightening of budgetary policy in Europe which would risk undermining the growth impulse induced by Next Generation EU “. These are the words of the Minister of Economy, Daniele Franco, interviewed by RunSera. “Before embarking on a gradual recovery process we must return to pre-crisis trends in terms of trajectory GDP growth real, not just returning to the pre-crisis level of GDP. And I believe that the new rules must avoid pro-cyclical effects in fiscal policy. They should also be designed in such a way that they are reasonably simple to manage and enforce, “he added. When asked if there will be different rules for the most indebted countries, Franco replies that” the rules they should apply to everyone, so I think they will be homogeneous. Obviously, high-debt countries should reduce the debt-to-GDP ratio “.