Giancarlo Giorgetti brakes the EU REARMO PLAN. In connection with the annual conference of the Economy Department of the League, the Minister of Economy commented on the presentation of the program from 800 billion euros announced by the President of the European Commission, Ursula von der leyen. A reaction, that of the latter, resulting from Trump’s choices regarding Ukraine and intentions on NATO.
EU REMO 800 billion: Giorgetti Boccia von der Leyen
The rearmament plan proposed by Von der Leyen includes one clause Of safeguard for public debt, which allows Member States to temporarily derogate from the limits imposed by the stability and growth pact. This in order to make investments in the defense sector. This clause allows you to overcome the budget constraints, with a maximum roof of 650 billion eurosdistributed over a period of four years.
The plan also provides for the establishment of a new Fund from 150 billion eurosintended to provide loans to Member States to bear their military expenditure. However, the source of financing of this fund still remains uncertain. Among the hypotheses under consideration, we consider the possibility of using resources not employed by the national recovery and resilience plan (PNRR), European Union cohesion funds and the European stability mechanism (MES).
After the rejection of Matteo Salvini’s plan, that of the Minister of Economy Giorgetti arrived, who intervened during the annual conference of the Lega Economy Department of the Chamber. He asked the EU for a serious and reasoned military investment plan. A League that proves compact to the idea of contracting debt for the purchase of weapons, in view of the extraordinary council to be held on Thursday in Brussels, dedicated to defense and Ukraine.
“Buying a supersonic missile, or a drone, is not something that you can hurry like this, like going to the supermarket,” said Giorgetti. “It is not that you go out with 15 billion and the military goods plan is made. It takes multi -year investments. “
The Minister of Economy reiterated the importance of distinguishing military investments from Aid plan for Ukraineputting the latter first.
“Today we find that we have to regain us because there is Putin’s threat. I think, about Von der Leyen’s plan, that two things must be distinguished: the help to Ukraine if the US do not do it anymore, and a military investment plan that makes sense and not made quickly and fury without a logic “.
Giorgetti continued. An invitation not to repeat the errors made with the recovery and resilience plan. “Just remember what happened with the PNRR: at the beginning they were thrown into random works, just to make critical mass.”
The management of duties
Giorgetti did not spare Criticism to the marketquestioning the existence of a Perfect competition globally.
“Do we scandalize the duties proposed by Trump but before we had a perfect competition market on a global level? We had a loyal competition, with all the manufacturers of the world under the same conditions? Didn’t we have some countries that financed some companies to make incorrect competition? “.
The minister invited to a reflection on how commercial policies, including the management of duties, can influence the national economy and the competitiveness of Italian companies, especially in a global context with actors such as the China. The latter, in response to the withdrawal of 10% on its goods from Trump, announced increases by 10-15% of the duties for the import of various American agricultural and food products.
“I believe that the management of duties, which is cheap but also has a clear geopolitical objective behind it with a clear target that is China, should be a theme that affects us too. Many Italian companies have already died because of the incorrect competition of some country, others are in great difficulty for that. Obviously defending the national interest also means defending the interest of many exporting companies “.
