The face-to-face with Giorgio Napolitano, Mario Draghi, which lasted half an hour last night at the magic hour of sunset in Naples Villa Rosebery, is covered by absolute secrecy, like the rest of the summer meeting between ECB President and the Prime Minister Renzi. But there is no trace in the positions made public by the two institutions, a strong convergence of views. Draghi argues that “the observance of the rules is not an obstacle to reform,” and that only the latter ‘damage budgetary margins. ” Napolitano stressed that the main challenge is the growth, the concern is unemployment, but “Italy intends to pursue with determination and indeed accelerate a clear commitment to overcome its structural weaknesses, starting with such high public debt.” A substantial public support for the policies undertaken by the government Renzi, with lime in the memento on “respect for the rules.”
Giorgio Napolitano, on the day that comes the challenge of joint Rome and Paris austerity still held sway in Europe, while one o’clock refers to a balanced budget to 2017 and the other announces that the pact sforerà Stability expanding the boundaries of their deficits, rises once again guarantor of Italy. And before the entire Board of the ECB, which has decided to keep in Naples in honor of the Italian presidency of the EU its monthly meeting and that the Head of State was invited to Villa Rosebery for an afternoon of comparison, states with the will of the country “in helping to shift the emphasis of European policies towards investment programs for innovation and job creation.” But the premise, of course, fully aware of the need to “accelerate” the path of fiscal consolidation. And it is as if the president wanted to accompany the decision taken by the government only twenty-four hours before moving to 2017 balanced budget with a personal guarantee, insisting that there will be compliance with the commitments, those that Angela Merkel still calls “the homework ‘: Italy knows that the “burden” as many times called him the president, weighs heavily on his own future and the younger generations, and above all for this, as well as compliance with the EU rules, intends to firmly deal with it.
Words that Napolitano also reiterated in the closed meeting with the European central bankers, to whom he made a long speech filed in recent days, and as always, written in his own hand, but this time in English. A speech tended to remember, first, that “the number one challenge is to open a new path of strong and sustainable growth in Europe,” that the main concern is “of course the very high rate of unemployment” reached across the eurozone, but “especially in some countries such as Italy. ” A problem that you can not escape, and that it is “a cause for concern even in a long perspective.”
The afternoon of work with European central bankers has been set up with the formula of open confrontation. After the welcome speech of the Governor of the Bank of Italy, Ignazio Visco, Mario Draghi has done a proper report on the international situation. The same Napolitano, as well as speak your speech, “lively” debate by asking those present, giving way to the French Christian Noyer addressing the issues of financial stability in the eurozone. The rumors, as we see, relate only to the “titles” of the topics covered. It is no coincidence. Not because there is some mystery, of course. But if the Dragons then insisted on the value of “confidence” in a phase in which the crisis is like a hydra which cut like Hercules, with the head and the roots, there is a reason. Maybe you can read it in the words that the minister Pier Carlo Padoan -present last night at a gala dinner at the ECB Napoli wrote in an accompanying document to the Def. “We are in a crisis far worse than that of ’29 ‘, it is vital to move decisively towards growth, without which it would be at risk,” the seal of the productive and social fabric. ” So says Padoan, Italy refer to 2017 balanced budget, offering no guarantees that Europe will live up to their commitments, and pointing to spending cuts and an expansive maneuver. But the “confidence”, trust, serve and not a little, even from Europe.
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