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In Italy, towards the end of the state of grace for Mario Draghi

2022-05-23T17:17:55.143Z


While the economic context is tense, the Italian Prime Minister is unable to ward off the high public debt and faces weak productivity growth.


Until then, Mario Draghi's Italy benefited from such benevolence from the European Commission that successive aid plans costing billions of euros passed without a comment from Brussels.

Could this be the end of the state of grace?

Today, Brussels no longer hesitates to alert Rome in unkind terms, in its European semester, to the slippage in its public spending.

An air of deja vu, even if it is also the new context that changes the situation.

"

In 2021, the Italian government acted as if the climate of generosity could last without worrying too much about budgetary slippages

," Paolo Gentiloni explained to the foreign press on Thursday when he came to Rome.

In three months, the situation has changed radically, and the sharp slowdown in growth will weigh on tax revenues and on the State's ability to finance its debt burden

.

In fact, according to the latest estimates from Brussels, Italian growth should not exceed 2.4% this year (this…

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Source: lefigaro

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