Tag: stability pact

“25 billion deductions for Italy with the new Stability Pact”

“25 billion deductions for Italy with the new Stability Pact”

Cuts of up to 100 billion euros in health, education and investment expenditures. A quarter of this is in Italy alone. This is what European Union countries may have to do in 2025 with the entry into force of the new Stability and Growth Pact. Following the agreement reached between Finance Ministers, the reform text […]

ESM and Stability Pact: Opposition demands urgent information from Giorgetti

ESM and Stability Pact: Opposition demands urgent information from Giorgetti

After the ESM was rejected by the House of Representatives and EU finance ministers agreed on the new Stability Pact, the opposition is calling for an urgent hearing of Minister Giorgetti in the Budget Committee. The request was forwarded by the groups Pd, M5S, IV and Action to Giuseppe Mangialavori from Forza Italia, president of […]

What is ESM and why is it still talked about?

What is ESM and why is it still talked about?

This is a slogan that resurfaces from time to time to stimulate the Italian political debate and debates on the Rome-Brussels axis. One thing remains constant, at least so far: Italy, which refuses to sign up to reforms of the ESM, the European Stability Mechanism or the sovereign bailout fund. In summary, one tool that […]

Stability Pact, “aid” for our country: introduction of elements of flexibility

Stability Pact, “aid” for our country: introduction of elements of flexibility

It wasn’t that bad. At least when analyzing the new formulation of the Stability Pact, released by Ecofin on Wednesday night, Italy brought some positive elements. Of course, it could have gone better, but the “best possible compromise”, as defined in the agreement, did not trap the country. The first aspect that should not be […]

Europe, the reform of the Pact is pure fluctuation

Europe, the reform of the Pact is pure fluctuation

Reading the news, within hours Europe would have given birth to three historic measures: a new agreement on migration, especially for asylum seekers; the reform of the stability pact; the EU Court of Justice ruling on UEFA’s dominant position and therefore a substantial green light for the Super League. Of the three questions, I believe […]

Stability Pact: rules are changing but austerity continues

Stability Pact: rules are changing but austerity continues

Ministers of the 27 member states of the European Union have reached a very difficult agreement on the bloc’s new budget rules. Reform of the Stability and Growth Pact has been called for for some time, with countries such as Italy pushing for it to mean abandoning austerity once and for all. But the resistance […]

Stability Pact, agreement on the new agreement. Commitment that satisfies everyone

Stability Pact, agreement on the new agreement. Commitment that satisfies everyone

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 […]

Stability Pact: rules are changing but austerity continues

Stability Pact: rules are changing but austerity continues

Ministers of the 27 member states of the European Union have reached a very difficult agreement on the bloc’s new budget rules. Reform of the Stability and Growth Pact has been called for for some time, with countries such as Italy pushing for it to mean abandoning austerity once and for all. But the resistance […]

Stability Pact: Agreement reached between EU countries

Stability Pact: Agreement reached between EU countries

An agreement was reached among 27 European economy ministers on the reform of the stability pact to define the parameters regarding deficit and debt. In other words, the agreement serves to define public money that member states can use for fiscal maneuvers or to initiate other spending measures. According to Spanish Finance Minister Nadia Calvino, […]

EU, the agreement on the Stability Pact is still a mirage. Meloni tries to resolve the impasse

EU, the agreement on the Stability Pact is still a mirage. Meloni tries to resolve the impasse

The progress made at the European Council in the EU enlargement process satisfies Giorgia Meloni, especially with regard to Bosnia and Herzegovina (a country for which the Italian government spent a lot of effort in negotiations). But the same cannot be said about the issue of budgetary review, where a definitive agreement is still missing, […]