Maneuver, citizenship income and quota 100: it makes peace with the EU

theGovernment focuses on parliamentary changes reach an agreement with the EU and avoid the infringement procedure. Perform the planned maneuvering objectives, starting from pensions and citizenship income, which should however be restructured, between 3 and 4 billion savings to be devoted to deficit reduction. "This is not a question of decimals," notes in a joint note at the end of the majority summit in Palazzo Chigi Prime Minister Giuseppe Conte, Deputy Prime Ministers Luigi Di Maio and the Minister of Finance. Economy Matteo Salvini, Giovanni Tria, the head of relations with Parliament, Riccardo Fraccaro, and the undersecretaries of the MEF, Laura Castelli and Mbadimo Garavaglia.

A meeting of about an hour that allowed to take stock of the amendments to the finance law examined by the Chamber from the angle, as explain sources of the Treasury, "to reach an agreement with Brussels ". 48 hours after dinner with the management of the European Commission, Conté has brought together the majority shareholders in order to badess the operating marginsand and agree on proposed changes to the maneuver that will be approved. And one A new summit could already take place on Thursday in the light of the technical evaluations requested by the Treasury.

"The government's goal is to revive growth and development – highlighted in the Conté, Di Maio and Salvini note – confirmed the objectives already set, in particular as regards pensions, income from citizenship and protection of savings ".

During the meeting, it was reiterated on will not want to go to a direct confrontation with Europe and to maintain a constructive dialogue. "With regard to the ongoing dialogue with the European institutions – indicates the executive note – it was agreed to wait for technical reports on reform proposals that have a" more relevant social impact, in order to accurately quantify costs The amounts recovered will be reallocated, which will favor investment expenses, especially those necessary to secure the territory and fight against hydrogeological instability ".

The government is therefore studying the possibility of reshaping the two key measures of the maneuver, namely the citizenship income and the quota 100 on pensions, for which 16 billion were allocated in the budget law. PTo meet the demands of Brussels, we think of the possibility of changing the start of citizens' income and reducing the share of 100. An badumption that would save between $ 3 and $ 4 billion.

According to government sources of M5, probably to implement quota 100 could only serve 5 of the 7 billion allocated in the form ", and" the reasoning, the audience could be more "reduced" than to estimates. In terms of citizens' incomes, savings could amount to around 1 billion euros since, according to the same sources, with the employment centers, you will probably leave a few weeks later than in the case of March, without that, however, such is the wish of pentastellati, which will arrive until June.

The League on its side would like to transformand intervention in a relief for companies more than an aid tool proposed by the Undersecretary of Infrastructure, Armando Siri, who suggested allocating resources to businesses to boost training and employment.

The precise amount of the cover and the implementation modalities, however, must be indicated in the measures for the application of the two measures. Thus, in the case of citizenship income, a decree should be approved before Christmas or, in the case of pensions, by amendments to the same bill, in the parliamentary process of conversion to law.

The revival of investments remains the map that the government intends to play in the negotiations with Brussels to convince Europe on the credibility of growth estimates for the next year (1.5%), which the European Commission considers too optimistic. Meanwhile, caution prevails in Brussels. The opening of the government is welcome, but "the position that filters, before changing the judgment on the maneuver, requires concrete action, starting with a new version of the budget planning document containing new indications on the deficit.

"I prefer to position the Commission on the basis of facts and not declarations," said the spokeswoman for the European executive, Margaritis Schinas, in the morning, recalling that "contacts are ongoing at all levels "and that" documents and opinions "on the maneuver adopted by the Commission are being discussed in the Council, where all governments are represented.

According to what has been learned, EU governments' sherpas will officially discuss Thursday the Commission's decision to take the first steps towards a deficit procedure excessive against Italy. The report on the debt approved last Wednesday by the Commission is on the agenda of the meeting of 29 November of the Economic and Financial Committee of the Council of the EU. And this could be the first opportunity offered to Italy to change course. It is unlikely that the European Commission will be able to accept an expected deficit / GDP target of over 2%, given that the EU executive estimates Italy's net debt for 2019 to 2%. , 9% of GDP.