Fraccaro, ECB cancel the debt. Gualtieri brakes

(ANSA) - ROME, NOV 26 - Riccardo Fraccaro marries David Sassoli's proposal on the cancellation of the sovereign debt accumulated during the pandemic and purchased by the ECB, but the Minister of Economy, Roberto Gualtieri immediately slows down.

   "Monetary policy should support the expansive policies of states in every way", also taking into consideration the idea of ​​"canceling" the debt purchased with government bonds during the pandemic or making it "perpetual", said the undersecretary to the presidency of the Council in an interview with Bloomberg.

"The ECB - he added - should help countries to relaunch their economies".

    But Gualtieri did not share the idea.

"The government's position - he explained - is always the same: we consider that debts by definition must be repaid and are always repaid. And that the Italian strategy for the cancellation of the debt and its reduction is done through a path of public finance that is focused on growth , on investments and on a financial and budgetary policy that today needs a strong fiscal budget stimulus but obviously, as indicated by Nadef, in the medium to long term it must put the debt on a path of gradual and sustainable reduction ".

(HANDLE).