The House of Representatives opposed the approval of the ESM by a vote of 184 no, 72 yes and 44 abstentions. The majority is divided; Forza Italia is in favor, while Lega and Fratelli d’Italia reiterate their opposition. The sudden acceleration, after months of delays, came within hours of the Franco-German agreement on the stability pact; It’s a deal that would theoretically work in the government’s favor, but would cause more than just stomach aches for the majority.
“I don’t know how the government has managed to stay afloat – attacks Luigi Marattin, leader of Group IV of the Budget Committee in Parliament – On the ratification of an international agreement of this magnitude, which is so important for Europe, the majority is Divided”. In the past hours, the MP had published on social media a note sent by MEF to the Budget Commission, stating that the possible approval of the agreement would have no impact on public finances.
Marattin, What will be the results of this vote?
“The ESM reform is not coming into force neither for Italy nor for the other 19 eurozone countries that have ratified it for some time. We will therefore have no real parachute in the event of a major systemic banking crisis over the effects on the public finances of the States. In theory, we will achieve a banking union, which is one of the goals set by the Government itself.” “It’s a significant step backwards. And it’s something that doesn’t make much sense logically, both economically and from a point of view”.
Both the majority and the “wide area” were divided
“The broad field is not our business, the important division is that of the government, which is everyone’s business. We cannot overlook that the majority is not divided on the issue of ratifying a treaty of friendship with a Caribbean island. Respect for the Caribbean islands is, however, a fundamental issue at this stage of European integration. And if the majority is divided on such an issue, This means there is no longer a majority”.
Yesterday he published a memo sent by MEF to the Budget Committee. It was totally ignored.
“This was a complete act of distrust in the Minister of Economy, in the undersecretaries who were sent to tell the commission that there was no risk of recapitalizing the ESM or the payment of 125 billion, or in Borghi and this whole series of lies that Borghi told. Salvini has been telling for months. All in black and white, Salvini “It was written by Giorgetti, deputy of . But the majority rejected this view so much that the government had to go back to parliament. So at least I think Minister Giorgetti should reflect a little better on his time in this carefree company.”
Will there be negative consequences in relations with Europe?
“We will see this. It is clear that the countries that have seen Italy sign a commitment for 4 years now see that it has reneged on its commitment in this way. We will see how they will react due to the famous ‘package’ logic. This claim, which Meloni has always put forward legitimately, has also been rejected. Prime Minister He always said, ‘first make the stability pact agreement, then we will ratify the ESM’. The agreement of the pact was made yesterday and the government celebrated on social media. Today the ratification of the ESM is rejected: It does not make sense here. This kind of attitude is the basis for the founding of the European Union, let alone “It’s wrong to use their states, even among groups of friends.”
Does the Franco-German agreement on the stability pact punish Italy?
“I’m a bit old-fashioned; I like to read a deal before I comment on it. What becomes clear is that there is no decoupling of spending from public finance totals – which I find to be correct – but that the flag was 1% per year of Italy’s debt to GDP.” There is a reduction step of 0.1% per year currently within the public finance planning framework, I do not think that is a huge achievement. Even in terms of method, I understand that France and Germany reached an agreement and called Giorgetti after the fact .I repeat: these are dynamics that can be awkward even in a friendly consensus.”
Beating the ESM is a victory for Salvini. Has Meloni been cornered?
“Only they know what happened last night, because I understand that opinions differed until last night. It seems that no one wants to pass the flag of ‘citronism’ to the other, which means cash for Fratelli Italia and Lega.” They have been making propaganda about achieving consensus for 10 years, saying ‘let’s get out of the euro’ and ‘let’s abolish special consumption taxes’. We told the Italians for ten years.” The 5 Star Movement also joined them.
The 5 Star Movement also voted against the ESM. An axis among populists?
“The populist axis has never been severed. Populism in Italy probably began with the birth of the Second Republic, but achieved a ‘surge’ during the financial crisis of 2008-2009, along with the two recessions that Italy went through,” a significant increase in millions of job losses , 25 points of industrial production are missing. There, populism flares up again thanks to the fundamental contribution of the 5 Star Movement, but at this point the virus is not isolated and does not spread: the League becomes populist (Bossi’s League was not populist, Salvini’s League was populist).League 5 is worse than a star), the Brothers of Italy, which was the system party at the time when it was called the National Alliance, was founded as a completely populist party. The populist axis in Italy has been around for 10-15 years and is present now. The majority and the virus is also infecting the more structured parties, Democratic Party “From time to time he takes ‘populist unity’ positions, which is a huge problem.”
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Source: Today IT
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
