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"For Italy, the door remains open, the hand held out". And then: "On the Italian budget, we strive to find solutions". And again: "Sanctions are always a failure". They are real peace messages those launched by Pierre Moscovici to the government of league and M5S. After the opening of the executive to dialogue with Brussels – with the gap that has opened under i 290 basic points – the European Commissioner for Economic Affairs has dismissed any controversy "little Mussolini"To reach Giuseppe Conte, Luigi Di Maio and Matteo Salvini. It's true: "For Italy, the door remains open, the hand held out. We must seek with all our strength common solutions in the interest of the Italians and the euro area ".
Speaking at a press conference in Paris, Moscovici said the meeting last Saturday was Brussels with the President of the European Commission, Jean-Claude JunckerPrime Minister Conté and the Minister of the Economy, Giovanni Triait happened in a climate "useful, constructive, friendly and tense. The meeting allowed us to better understand each other and to try to progress together. "Nevertheless, the European Commissioner inserts the Italian maneuver between them three main "uncertainties"From Europe with the Brexit and the global trade tensions. "We continue to think that the Italian maneuver carries risks for Italian companies, investors and citizens, and this risk has a name: it is called debt at 130% of GDP," said Moscovici, explaining that the three main conclusions of the European Commission growthdeficit debt – "at the present time, they have not found an answer".
The European Commissioner then explained that he had never been " supporter of sanctions. I think the sanctions are still a failure. I've always been a commissioner in favor of flexibility open to dialogue between Rome and Brussels, linked to Italy, which remains at the heart of society eurozone". He then explained that his door "remains open". I've always preferred incitement to punishment. We must seek with all our strength common solutions on the question of the Italian budget. My door stays open. I've always preferred incitement to punishment ".
A reaction to the opening of the executive to the negotiation with the EU. Also rewarded by the markets: the spread open down, less than 290 basis points, with an Italian yield of 3,232 percent over 10 years. A trend that confirms what happened Monday, with the differential between BTP and Bund reduced by 30 points after the two Vice Prime Minister in unison, they confirmed the possibility of a reduction in the deficit / GDP ratio because "you do not stick to the decimals". The summit of Palazzo Chigi in the evening he only reinforced the new line of Government Conté: after the dinner between the prime minister and the president of the commission Juncker, the dialogue with the EU started. And for the first time, Italy is moving concrete steps, working on two tracks to reduce expenditure and deficit: on the one hand the revision of estimates pensions and citizenship income, on the other hand the expansion of the exceptional expenses. The government wants to save money 3-4 billion euros, 0.2% of GDP: this is probably a signal not yet strong enough, as Brussels calls for a deficit target in 2019 stable compared to 1.9% this year. So, a cut of at least 7-8 billion.
Pensions and income – "Confirmed goals already defined on pension and citizenship income ", without changing the stalls beneficiaries and with a decree for both measures already in Christmas. What they said M5 sources after the summit at Palazzo Chigi. If any Salvini side is not worried for a reduction billions allocated to quota 100, the Cinquestelle actually does not want to see weakened their flag size. So here, so as not to reduce the audience, I time they become decisive. According to government calculations, a shift in the way forward April would save money 2.2 billion on the cost for 2019. On the pension side, technicians believe that I 7 billions Allocations are overestimated: now it is almost certain that they will be sufficient less because, Salvini explained, "all" will not risein the beginning 100 quota. Acting on the revenue schedule and 100 quota constraints, the government aims to save $ 3.6 billion.
Exceptional costs – l & # 39; other scissors that the executive wants to use to reduce the deficit would then be, according to what he wrote Sole 24 Ore, the extension of exceptional expenses to listen to the requests who come from Municipalities and invest on bridges, roads, others infrastructure sensitive. After the collapse of the Morandi Viaduct and the damage caused by bad weather this fall. of 3-3.5 billion resources to redistribute between budget chapters, two-thirds should therefore be franchise for deficit purposes. An investment plan against hydrogeological instability on which the request for the exclusion of third parties is based two decimal places gross domestic product.
But deposits are not enough for the EU – We are talking about decimal numbers, in fact, those on which Di Maio and Salvini had promised not to fight. But if what has emerged from the top, for the moment in words, is a signal of openingHowever, for the moment, this will not be enough for Brussels. Waiting forEcofin, scheduled for 3-4 December, i Ministers all funding EU countries have the task of entrusting one of their Evaluation on the Italian maneuver. And none of the interlocutors consider these deposits a real breakthrough. What would happen instead, writes the Corriere della Sera, if the government has agreed to renegotiate with the European Commission the whole structure of income and pensions, the first measure being seen from afar better Brussels compared to the second. Moreover, the Commissioners start from a request for 7-8 billion savingswhich would amount to reviewing the whole maneuver. On the verge of defusing the infringement procedure three weeks: the dialogue has started and Italy has taken its first step, with the choice of amendments to be approved and first chisel to the charge.
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