Maneuver, final details and hearings, then changes. What will be reviewed

Last round of hearings next week before the House and Senate Budget Committees. On Monday it will be the turn of production associations, Bank of Italy and Istat, among others. Tuesday will be the turn of the Parliamentary Budget Office and finally the Minister of Economy Giancarlo Giorgetti. After that, it will be up to the government to summarize the requests that have emerged and present a concise package of changes. The upcoming wave of strikes and demonstrations would require adjustments, particularly with regard to the tightening of state pensions, one of the most contested rules.

Meanwhile, today the Democratic Party took to the streets, the CGIL and the UIL proclaimed a series of 8-hour territorial strikes between Friday, November 17th and December 1st, while the CISL demonstrated on November 25th in Rome. Doctors’ unions also announced a strike for December 5th against the tightening of pension calculations foreseen by Manobra. Comments on the maneuver also come from the world of industry which, despite considering the Budget “reasonable”, said the president of Confindustria Carlo Bonomi, calls for measures in favor of investments currently diverted to the review of the National Recovery and Resilience Plan. «We consider this budget law to be reasonable. But we continue to notice that there is a lack of incentives for investment”, highlighted Bonomi speaking at the Small Industry forum in Pavia. «We are told that with the review of the Pnrr there will be resources: we hope this will be the case but we have to make the investments today. We cannot wait,” he added, recalling that 5 billion for the Industry 5.0 plan “is not enough.”

Meanwhile, the ‘examinations’ for the Italian maneuver continue. Having received confirmation of the public debt rating from S&P and, yesterday, from its North American sister company Fitch, the government awaits Moody’s judgment on Friday, then on November 21st there will be the verdict on the Budget Law of European Commission. And if on the national scene there is unrest in the streets, calm certainly does not reign on the European front. Negotiations for the reform of the Stability Pact on the compromise presented yesterday by the rotating Spanish presidency of the EU are progressing. If a consensus were reached, Madrid would convene an extraordinary meeting of EU finance ministers in November to allow leaders to give the green light to the December Council and avoid a return to the old Maastricht rules from 1 January. But the path is still difficult.

Source: IL Tempo

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