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Gentiloni, crisis is not behind us, recovery slows down

2020-10-20T11:37:25.016Z


'Maintain expansionary policy in the EU' (ANSA)ROME - "The crisis is not behind us. The speed of recovery, which was very consistent in the months of June, July and part of August, began to slow down already in mid-August and could slow down further ": he said the European Commissioner for Economy Paolo Gentiloni at the Italy-Spain dialogue forum. "Our two countries - he added - were the most affected in the first phase of this pandemic. Spain


ROME -

"The crisis is not behind us. The speed of recovery, which was very consistent in the months of June, July and part of August, began to slow down already in mid-August and could slow down further

": he said the European Commissioner for Economy

Paolo Gentiloni

at the Italy-Spain dialogue forum.

"Our two countries - he added - were the most affected in the first phase of this pandemic. Spain the one with the highest number of infections, Italy with that of deaths. They are also the European countries that have suffered economic consequences more serious and are also the two countries at the center of the recovery plans ". 

"Two things are certain in the next few months. The first is that the crisis and recovery will coexist. And therefore clear decisions are needed by governments to oversee this period. The second is that

an expansionary budget policy must be maintained in Europe

. it means spending whatever, but it means that in all countries we must avoid going back to too restrictive budgetary measures and logic. 

"From Europe there has been a great response" to the crisis caused by the coronavirus

, continued the former premier, highlighting that those taken in Europe "are also important decisions for tomorrow because starting from next spring-summer we will have years of relaunch with national 'recovery and resiliance' plans and Spain and Italy alone account for about 50% of these Recovery and Resiliance Facility ".

"I am confident that Italy and Spain can win this challenge and by doing so they will speed up the European process", he said.

Source: ansa

All news articles on 2020-10-20

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