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BackGiorgetti: 'Positive dialogue on flexibility, seen Dombrovskis in Bangkok'
Giorgetti: 'Positive dialogue on flexibility, seen Dombrovskis in Bangkok'
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ANSA Economia1 hour agoBusiness1 min readItalyView original

Giorgetti: 'Positive dialogue on flexibility, seen Dombrovskis in Bangkok'

Quick Look

Economy Minister Giancarlo Giorgetti announces from Bangkok the probable presentation of the budget law in Parliament next week and confirms a sustainable contribution from the financial system.

AI-generated summary

Why It Matters

Minister Giorgetti participated in the IMF meetings in Bangkok and took stock of the economic maneuver and public finances.

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On the budget law "work will probably be completed next week and we will present it to Parliament, as we know, a very constructive dialogue continues - here too I saw Dombrovskis - regarding the Nec clauses for defense and energy". The Minister of Economy, Giancarlo Giorgetti, said this on the sidelines of the IMF meetings in Bangkok.

"As far as Irpef is concerned, to the extent that all the boxes and pieces of the puzzle these days go to make room for interventions, the big choice we face is whether to make selective or generalized interventions". "It's not right for the minister alone to decide, we will evaluate together with the parties, the leaders and President Meloni. Two weeks ago I had an income and expenditure picture, now it's not that I'm optimistic but we're going in the right direction."

"We have decided to continue on a path built in recent years of renewed credibility of public finance, sustainability and debt, credibility which is tangibly measured here", explained Giorgetti speaking to journalists on the sidelines of the IMF meetings in Bangkok. "Italy must present itself in the face of this eventuality, this risk, with its papers in order. If we were found out, the damage would be serious," said Giorgetti.

"I confirm that a contribution will be requested from the financial system because we believe it can support it, even in the forms we believe it will be something sustainable", added Giorgetti, commenting on the rumors of a new levy on the banks to finance the maneuver. Giorgetti added that "keeping the spread under control is in everyone's interest" referring to the fact that banks have billions of euros of BTPs on their balance sheets. Furthermore, when asked about possible appeals from the banks, the minister commented "all Italians could take the State to court because it increases taxes. We will try to calibrate the right thing to do, I don't think anyone will die".

What to Watch

AI outlook — possibilities, not facts

  • Presentation of the budget law in Parliament next week

    Very likely · Within days

Open Questions

  • What will be the definitive interventions on Irpef?
  • How will the contribution requested from the banks be structured?

Related Topics

This article was originally published by ANSA Economia.

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