Because Pnrr and the EU’s crackdown on immigrants could be costly to farmers and regions in Southern Italy

When last June the European Commission presented its request to increase the EU’s multi-annual budget by an extra 66 billion euros between now and 2027, many in the ranks of Giorgia Meloni’s government welcomed the move. Moreover, a large part of the “corrective maneuver” affects the direct interests of Italy: 19 billion to cover the increase in interest rates on Pnrr’s European bonds, 15 billion (one of which) for agreements with African and Mediterranean countries to stop the flow of migrants in Europe one of its major struggles) and 10 others for transition investments. There is also $17 billion for Ukraine, to which Meloni recently renewed his full support. It is a shame that this budget increase risks backfiring for Italian farmers and our Southern regions.

Yes, because, as expected, the thrifty countries of the bloc (Germany and the Netherlands, for example), together with some Eastern countries, are very opposed to expanding the European budget cordons too much; because this means requiring new fresh resources. taxpayers after the taxes they pay, Obtorto neck, for the post-Covid recovery plan (of which Italy is the maximum beneficiary in terms of non-refundable subsidies). Southern countries, especially Italy and Spain, support the need for more investment instead (our government also wants a new special fund, the sovereignty fund, to help companies with the dual ecological and digital transition).

The two fronts have not been able to reach an agreement so far. The negotiations have entered the hottest phase, because Brussels’ aim is to complete the corrective maneuver by the end of the year, on the occasion of the next EU summit in December. Madrid, who is leading the effort as rotating president of the Council of Member States, has proposed a compromise that would essentially save some resources for Ukraine, PNRR interests and migrants by cutting them from the existing multi-year budget. The cuts range from 5 to 20 billion, but despite “frugal” efforts, the group of countries led by Germany and the Netherlands appears to still oppose the proposal.

The problem for Berlin and Amsterdam is that the proposed cuts spare the two biggest items of EU spending, namely agriculture and cohesion policy, as well as structural funds for the regions, especially the most disadvantaged (South Italy, so to speak). . The frugal segment demands “savings” to be applied here too. However, this would affect resources that are invaluable to countries such as Italy, Spain and France, which are among the biggest beneficiaries.

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Source: Today IT