Home » Gentiloni: “Changing the debt ceiling in the new fiscal compact”

Gentiloni: “Changing the debt ceiling in the new fiscal compact”

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MILANO – For the post-pandemic, new European rules on public accounts will be needed. And among these, the objective of reducing the debt / GDP ratio towards 60% will be revised. This was stated by the commissioner for economic affairs Paolo Gentiloni, speaking at the The European House – Ambrosetti forum in Cernobbio. “The new fiscal stability pact of the European Union must respond to two problems: avoiding the decline in private investment and encouraging public investment and changing the debt ceiling set at 60% by the Maastricht Treaty in a more realistic way,” he said. Gentiloni, who speaking on the sidelines also expressed himself in favor of extending the green pass obligation.

“I think that the extension of the green pass and the obligation of the green pass is the right path also indicated by the president Mario Draghi. It is the path followed in Europe”, said Gentiloni. “That of the green pass and vaccines in Europe has been a success story: we have 71% of adult Europeans vaccinated, we were behind the US and UK, now we are ahead but the last part of this work still needs to be done if we want to guarantee safety, added gentiloni, reiterating that ‘there is still a lot to do, we have a tool, the green pass, let’s use it’.

The PNRR has just started and there is already a lot to do

of the Italian Public Accounts Observatory


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The minister, who also spoke yesterday at the Festa dell’Unità in Bologna, also spoke about the Recovery Fund. “The
The government knows very well that up to now we have financed a plan, starting from December-January we will provide funding for the achievement of deadlines and objectives that are in this plan and are about fifty objectives and various reforms: a great job to do “, he said. “The most urgent reforms for the agreements made with brussels are the fiscal delegation, times of civil justice and the law on competition. Three things that to say so seem simple but are very important times for parliament “, he added.

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