The European Union reaches agreement on the new rules of the Stability Pact, the set of public finance rules that all Member States must respect. But it’s a bit like the First Republic elections in Italy: practically everyone won. So the first rule is to wait to better understand what is actually written in the […]
Tag: Giancarlo Giorgetti
Pensions, bigger check in January: revaluation and increases up to 122 euros
After much suffering, good news arrives for Italian retirees. From January 1, 2024, an inflationary adjustment equal to +5.4% of the amounts currently received will be triggered. The Minister of Economy, Giancarlo Giorgetti, communicated this yesterday together with his Labor colleague, Marina Elvira Calderone, signing the respective decree. “The increase, which will be recognized in […]
Maneuver, opposition creates wall with 2,600 amendments: the obstructionist strategy
Yesterday, the opposition presented its amendments to the Budget Committee at Palazzo Madama. Between the Democratic Party, the 5 Star Movement and the Green Alliance and the Italian Left, the number should be around 2,600 who announce shared texts on health and minimum wage. According to parliamentary sources, the Democratic Party presented 1,103 plus an […]
“Growing employment”. Minister Giorgetti: Italy goes against the trend
Giancarlo Giorgetti satisfied with Italy’s numbers in the labor and employment sector. «In a context of general global slowdown, our system continues to create jobs in a stable manner. Employment continues to grow, as data from September also show, with an increase of 42 thousand units compared to the previous month, making the global number […]
Work and unemployment have never been so low in 14 years: data from Istat
Giorgia Meloni and Giancarlo Giorgetti are busy with the abacus trying to cover the expenses of the maneuver. 20-25 billion are needed, but so far resources are few, even if there is always the ace of the deficit, as providentially put in black and white in the recently approved Def update note. Meanwhile, it is […]
“Btp Valore”, the persecution of savers begins. Trust the Treasury
The first day of issuing BTP Valore with a quarterly coupon was a success. The bond, built specifically to attract small savers to buy state debt, was subscribed for almost five billion euros. A test of Italians’ trust in the Treasury. Which has almost 3 trillion in bills to pay in its budget. A frightening […]
Nadef, we pay for the damage left by the grillini. Biggest deficit for Superbonus
They tried to abolish poverty. They were unsuccessful. And now we pay the bill that the grillini left. That “cursed” Superbonus 110, seasoned with the infinity of other measures to relaunch the construction industry, and the country’s GDP after the wound inflicted by Covid, turned into a lethal boomerang in the 2023 accounts. Yesterday the […]
Deputy, Giancarlo Giorgetti: “It could be a lever to build a strong center”
Day of passion on the stock exchange for MPS shares at the center of a succession of news, which has been circulating for days, about a possible progressive shutdown of the Treasury in the face of a definitive public exit of the bank’s capital. The Minister of Economy and Finance of the Italian Republic, Giancarlo […]
Maneuver, Giorgetti outlines the next budget law. Who does the money go to?
Giorgetti makes a promise about the next budget law. “The budget law will reward Italy that wants to create wealth.” Economy Minister Giancarlo Giorgetti said this at the Federmeccanica assembly. «We will do this – added the minister, joining the Federmeccanica assembly – above all by looking at the country’s main forms of growth, children, […]
Government, 15 billion euros for the maneuver burned by the increase in rates
The increase in interest rates to combat inflation is draining the Italian State’s coffers. Economy Minister Giancarlo Giorgetti explained that Italy will have to pay 14-15 billion in interest on the debt during his speech at the ‘Good Laws’ event. Simplify to get Italy moving again: “The reason why the government bond spread is widening […]