Italy unable to use EU funds

by time news

The European Commission considers that certain investments planned by Rome, such as the reconstruction of the Artemio Franchi stadium in Florence, should not fall under the recovery plan financed by European funds. CLAUDIO VILLA/Getty Images via AFP

DECRYPTION – Rome accumulates delays and unsuitable projects. Brussels blocks the payment of 19 billion.

Rome

Does Rome risk compromising the European recovery plan? The question that some muttered “mezza voce” is beginning to find some echo. Italy, which received the largest share of the plan, will not be able to achieve the 200 billion euros of investments planned by 2026, at least not within the time limits set by Europe. Which sooner or later risks compromising Europe’s ability to raise funds on the markets. As the weeks go by, Italy’s difficulties in meeting commitments and deadlines are increasingly evident: “Certain interventions by June 30, 2026 cannot be carried outeven ended up conceding Raffaele Fitto, the European Affairs Minister in charge of implementing the recovery plan. It is mathematical, and it must be said clearly».

In fact, the difficulties accumulate. Already, Brussels has not validated the achievement of the objectives of the plan at the end of 2022, and postponed for the second time, to the end of April, the…

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