From Ue ok floor Juncker. Renzi, is a first step – ANSA.it

From Ue ok floor Juncker. Renzi, is a first step – ANSA.it

BRUSSELS – Europe marks a new milestone on the road to growth and gives the green light to the investment plan of Jean Claude Juncker. A “first step, not the last, but good” according to Prime Minister Matteo Renzi, satisfied with reference to the flexibility that “for the first time” Europe binds to investments, black on white. And despite the margins for the expenditure does not widen much, because Germany agitates the Moloch of the Stability Pact and insists that you do not change, Europe can move forward with what even ECB President Mario Draghi is a step forward important to restore confidence in the euro.

The plan Juncker creates a new fund for strategic investments (Efsi) with the aim to mobilize 315 billion euro in 2015-2017. Countries can contribute, although so far no one has committed to do so, because everyone wants to first see the details (especially the kind of projects to be financed) and the Commission will submit in January. But if they wanted to help, the EU “takes note of the favorable position” indicated by the Commission to the contributions of the countries, “necessarily in line with the flexibility” existing, clarifies the text of the conclusions of the European summit, the result of a compromise between countries more rigid and those who seek a more soft rules. Someone says Renzi, even wanted to remove the reference to flexibility.

Juncker circumscribes even more that reference: applies only if, because of the contribution to the plan, a country would find itself in violation of the Covenant. That is: if a country already purple for other reasons, this does not prevent the Commission proceedings to be opened, as the rules require. National contributions to the fund under the plan Juncker “must take place within the rules of the Stability Pact, with the flexibility provided” stresses Angela Merkel at a press conference at the conclusion of the EU summit. The ECB, Draghi said, “welcomes the plan Juncker” that can “help to increase confidence in the euro area” and can be “very effective” three conditions: rapid implementation, high return investments and opportunities to push reforms Structural.

For Italy the summit of investments is also an opportunity of comparing Renzi and Juncker, after returning in March of the assessment of Italian public finances. In a joint press conference, because the last of the Italian presidency, Juncker expressed “full confidence” in Prime Minister Matteo Renzi, “certainly does not disappoint me.” The President of the Commission explained then that does not monitor Renzi, that the Government has received a letter with the commitments of the accounts and reforms, that the comparison is in progress and “in March we will see the position that we take.” Even Renzi feels under scrutiny: “The examination will be in 2018 when we return to the elections, with the rate of all normal countries,” says, specifying that “we are always under scrutiny, and I think the exams for politicians are exams most beautiful “.