“There was no agreement on the Banking Union and it better not exist if it is to be on terms that are unacceptable to us.” Prime Minister Mario Draghi said this during the press conference following the EU Council meeting. “But it’s not just us – said Draghi – the necessary convergences on the various aspects of the banking union have not been found at the end, on the one hand deposit insurance, on the other the constraints that we want to put on invested bank portfolios in Government Bonds “.
The premier also spoke of the pandemic risk that continues to loom over the economic recovery: “The NRP plus national fiscal policies will increase growth and lead it to a higher rate than before the pandemic (..) The argument to maintain a expansionary fiscal policy focused more and more on investments is that we must aim for growth, at higher rates than those pre-pandemic ”. But watch out for the threat of the Covid-19 pandemic:
“The pandemic is not over, it still needs to be tackled with determination, attention and vigilance”. In Great Britain, he continued, “the Delta variant is also creating uncertainty about the economic recovery”.
And “in September we don’t want to find ourselves in the same situation as last year. In a year we will also have learned something ”. In any case in Italy, with regard to the Delta variant, “we need to continue the vaccination campaign with determination, continue and increase the swabs, increase sequencing”.