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Agreement on the Mes. Conte in the Chamber: 'Italy has nothing to fear'

2019-12-11T10:29:13.623Z


'We need more cohesion, no divisions. Who wants Italy out of the Euro says', said the premier in the Chamber. Di Maio: 'Without clarity we do not approve anything' (ANSA)


Communications of the Prime Minister Giuseppe Conte in preparation for the next European Council are under way in the Chamber. "The Italian Government intends to promote greater cohesion among European leaders within the European Council. This is not the time for the European family to divide or to let themselves be divided, " says Conte. "Italy - the prime minister pointed out - has nothing to fear also because its debt is fully sustainable, as shown by the evaluations of the main international institutions, including the Commission, and as confirmed by the markets".

THE DIRECT

"The revision of the treaty on the MES - pointed out Conte in his speech - does not make substantial changes to the existing treaty and - in particular - does not introduce, and it is our firm intention that this does not happen, any automatism in the restructuring of the debt of a State , but leaves the European Commission with the fundamental role of assessing its sustainability and ensuring the overall consistency of the macroeconomic analyzes carried out on the member countries ".

" We must be careful to insinuate doubts and fears among Italian citizens, especially since at least some of the positions that emerged during the public debate have unveiled the ill-concealed desire to bring our country out of the euro-zone or even from the 'European Union . If this is the objective then it would be appropriate to clarify it explicitly, so that the public debate is transparent and Italian citizens can be informed of all the implications that such positions bring with them, "says Conte.

" The position of the Government in Europe will always be consistent with the guidelines defined by the Chambers ". Prime Minister Giuseppe Conte said in communications to the House in view of the EU Council, dwelling on the Mes. "I can only reiterate what was already hoped for in the Communications to the Houses last December 2, that is," that Parliament, with its authority, by virtue of its democratic legitimacy, contributes to bringing to Europe the voice of a strong country, of a cohesive country , which is committed to strengthening the European institutions "", adds Conte.

" Sold, sold ", shouted in the chorus the deputies of the League at the end of the intervention of Lia Quartapelle. Protests come from the center-left, and a reprimand from President Fico, attacked in turn by Fdi.

The agreement on majority resolution was obtained during the night . "Agreement closed at night, around 2.30", says Luigi Di Maio. "Confirmed the logic of the package We are satisfied with the majority resolution that provides for the changes requested by the Movement". The same sources specify that they also specify that "the package logic has been confirmed, there will be a new round in parliament in January, before the next Eurogroup". The same sources guarantee that "there will be the full involvement of the Parliament before the next steps on the Mes. Every decision will be made by listening to the Chambers, we will not sign anything in the dark".

But Luigi Di Maio reiterates that as far as the approval of the reform is concerned " until we have a clear picture of the situation nothing is signed and nothing is approved ". We have obtained, he said, that before the next steps on the Mes in January or February "go back to Parliament and that this is fully involved. And this is also within the majority resolution". "Italy must be 200% secure and as foreign minister I will make sure of this before any signing".

THE TEXT OF THE RESOLUTION - "Maintaining the logic of the package (MES, BICC, Banking Union) to which accompany each step aimed at ensuring the overall balance of the various elements at the center of the process of economic and monetary union reform, deepening the points critics ": this is one of the main commitments that the government is asking for in the final text of the majority resolution on the Mes that will be voted by Parliament. The resolution calls for "the exclusion of interventions of a restrictive nature on the holding of sovereign securities by banks and financial institutions and in any case the weighting of the risks of government bonds through the review of their prudential treatment", in addition to "excluding any mechanism that involves an automatic restructuring of the public debt ". This is what is stated in the definitive text of the resolution. The majority commits the government to "propose the introduction of the common deposit insurance scheme (Edis), a secure European bond (so-called common safe asset - for example Eurobonds) and a greater risk weighting of level 2 and level 3 assets (more illiquid instruments), which is linked to their degree of concentration on the total assets of the individual credit institution ".

Source: ansa

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