Gentiloni, in the EU we can avoid a serious recession

"The figures, the numbers, the confidence indicators that we are seeing tell us that in Europe we can avoid a severe recession and have a short period of contraction".

This was stated by the European Commissioner for the Economy

the Eurogroup .

Gentiloni said he was "confident" that all the countries adhering to the European Stability Mechanism (MES) will ratify the revision of its regulation.

It is useful "for

"It is useful for the existence of this tool" then "we can decide whether to use or not to use some facilities that the Mes makes available".

"The decision" on ratification "depends on the Italian government and we'll see how soon it will be taken". 

"The news coming from the government side gives clear signals of a radical change of course on the Mes - declare the leader of the Democratic Party in the Chamber Debora Serracchiani and the deputy leader Piero De Luca -. We are preparing for a real U-turn, which it would deny the demagogic and propaganda positions sustained over the years. Better late than never. We hope that the executive has finally understood that it cannot send the country crashing into a wall. We therefore invite Prime Minister Meloni and his majority to act quickly. immediately start the parliamentary debate, discussing our bill". 

"We are aware of the need to review state aid policy which must become less bureaucratic and more flexible," said Economy Minister Giancarlo Giorgetti, in Brussels for the Eurogroup, in a statement sent by the MEF.

With regard to the competitiveness challenges of European industry, "common forms of financing strategic European projects are the correct answer".