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The Court of Auditors: “Covid and war fuel economic concerns”

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The Court of Auditors: “Covid and war fuel economic concerns”

The effects of the pandemic and the war within the borders of Europe “worsened both the growth prospects of the world economy, as the Governor of the Bank of Italy reminded us a few days ago, and more specifically those of the euro area, and, finally, the prospects for recovery of our economy. The outlined economic situation feeds concerns for our public finances, even if it has no impact on the report in question, as this relates to the financial year 2021: but there is no doubt that with the effects of the unfavorable economic situation we will have to reckon in the years to come”. This was stated by the Attorney General of the Court of Auditors, Angelo Canale, in his indictment in the hearing on the General State Report 2021.

“It is not, however, taken for granted – underlines Canale – that there will be exclusively negative effects in the medium-long term, as the premises seem to suggest, given that our national history has shown us that the energies that arose after the most difficult periods were those who expressed the maximum of vigor and tenacity, the maximum of resilience, the maximum of industriousness. At the end of the Second World War, our ports were all destroyed, as well as the railway lines, the bridges, the roads; the ruins dominated the landscape, the countryside was abandoned, the factories were rubble. Only a few years later the landscape was completely different, reconstruction was in full swing everywhere, construction sites were opening up everywhere; roads, railways and ports once again united the country. Italy was resurrecting ».

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“And it was not only the so-called Marshall Plan, which today someone approaches the resources of the Next Generation EU, that allowed the reconstruction: that depended above all on the fruit of the work of our parents – for the youngest, their grandparents -, on creativity , from the courage and tenacity of many entrepreneurs, from a public administration that was not afraid of responsibility and did not see controls as a brake, if anything a stimulus to do better, by a far-sighted political class », says Canale.

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