August 10, 2022

Hardwood Paroxysm

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“We will grow more than France and Germany. Ready for even heavier interventions »- Corriere.it

What is needed now more than ever is social and political cohesion. The uncertainty could be mitigated, with opinion polls at the gates, if Italy’s international credibility remains so in the face of what sets the clouds on the horizon.. Mario Draghi at the press conference At the end of the last cabinet before the summer holidays, it’s no secret that autumn will bring with it a series of challenges to make your wrists shiver: soaring gas prices, an energy crunch, a rising cost of living. Through this rate of inflation, difficulties in purchasing materials, geopolitical uncertainty, which Taiwan crisis It risks getting worse because it does not help Ukraine’s ceasefire projects, given that hopes for negotiations with Moscow hang on China.

Because of the legacy he leaves for those who follow him to Palazzo Chigi, he makes him thinkThe outlook for the third quarter is not very pessimistic Albeit in the context of the great difficulty for companies and families that the €17 billion decree aims to mitigate. The scope of the interventions – on electricity bills, on the tax wedge and on pension revaluation – assumes extraordinary connotations dictated by the urgency determined by the high cost of living on savings and productive activities. Constitutional dictation is respected, albeit in the privacy of the Executive Director in current affairs.

The Prime Minister does not enter into the electoral dispute. In fact, he’s getting away really well. Grandfather rested, responding to those who wish to test his availability as a man in the service of institutions in which a clear majority does not come out of the ballot box. To dispel any further doubts he says: Today at the end of the CDM I extend my best wishes for a happy holiday to those who are not campaigning and my best wishes to all those who have to do so, may wishes and dreams come true, I am very close to who they are. Some political forces make excuses Draghi’s diary. The equation seems instantaneous, for Draghi it limits it to the international credibility that Italy must continue to have. He has no doubt that any government will honor the commitments made in Europe with the PNRR because some countries have agreed to tax their own citizens to ensure Italy has access to the resources.

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The schedule of funds allocated by Brussels is strict. Like the reforms, which can no longer be deferred with regard to taxation and competition, and which the next executive will have to follow so as not to squander growth not seen in twenty years, better than France and Germany. From 3.4% obtained for 2022 when Confindustria forecasts confirmed it to be 1%, 6.6% last year. If the merit is also due to the economic policy of this government and the cabinet structure of the Treasury which worked without sparing itself. Applause for department owner Daniele Franco, seated next to him. This is a decree that is implemented without budget differences because the dynamics of tax revenue, also due to the effect of inflation at the highest levels, is greater than expected in order to quickly redistribute resources. Draghi points to a joint decree with the social partners, highlighting criticism from some unions that could have ultimately influenced intervention in the tax wedge more generous than the way it entered the Cabinet. Power companies end up on the dock again this time. The first installment returns from the incremental profits well below expectations. The 25% tax rate on excess profits has not yet resulted in the expected revenue. Disagreements between state and society are just around the corner. However, Draghi sees it unlikely that families and companies will face serious difficulties while there is a sector circumventing provisions. He says he is ready for further interventions, even larger ones, which may be necessary until the arrival of the new government.

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Will it come true, obviously, even from ETA Airlines caseI do not intend to leave the file to the next government. On the contrary, the decision will arrive in a very short time, within ten days. It sets the roadmap for the privatization process of the company. International credibility is the legacy he cares most about. In the decree, he is keen to point out that there is a will to attract investments from abroad, in high-tech sectors, such as semiconductors that Europe (and the whole world) suffers from severe shortages. The reference, albeit unobtrusively, to Intel’s announcement of its intention to open factories. And because they bring jobs, the rate of which has risen to more than 60% to the highest level since 1977, the Prime Minister points out that, however, he is only hiding a part of it for an indefinite period. Closing migration pressures due to instability caused by wheat shortage: We’ve got to open a file first ships, But we cannot yet rule out the humanitarian crisis.