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Meloni’s party won’t jeopardise Italy recovery plan funds – founder
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MILAN (Reuters) -The far-right Brothers of Italy party, leading in polls ahead of next month’s election, will not jeopardise Italy’s access to a European Union-funded
MILAN (Reuters) -The far-right Brothers of Italy party, leading in polls ahead of next month’s election, will not jeopardise Italy’s access to a European Union-funded investment programme, one of the party’s founders was quoted as saying on Friday.
Prime Minister Mario Draghi’s resignation last month has paved the way to early elections on Sept. 25, with surveys suggesting the conservative alliance led by Brothers of Italy is on course to win a parliamentary majority.
“I don’t think any centre-right party would think of giving up investing an amount worth 2% of yearly GDP for five years,” Guido Crosetto told daily la Repubblica in an interview, adding he was expressing his personal view and not speaking as a party representative.
The party, which is headed by Giorgia Meloni, does not hold “euro sceptical” views, he added, putting its abstentions when voting on the national Recovery and Resilience Plan (PNRR) down to “excessive fussiness” over the various targets.
A centre-right source told Reuters the electoral manifesto of the conservative alliance, which still needs to be finalised, includes a commitment to make efficient use of the funds Italy will receive from the European Union.
Rome is entitled to over 200 billion euros ($205 billion) in cheap loans and grants from the fund set up to help the bloc’s 27 countries recover from the COVID-19 pandemic.
Draghi’s government has so far secured almost 67 billion euros of EU funds, but Rome now needs to meet 55 new targets in the second half of 2022 to tap a further 19 billion euros this year.
Among other measures, the conservative parties would also propose a VAT exemption for goods deemed essential and a further cut to the “tax wedge”, the difference between the salary an employer pays and what a worker takes home.
The manifesto should include a clear commitment to stick to the NATO alliance and keep supporting Ukraine.
Brothers of Italy has always endorsed the decision to ship weapons to Kyiv, while its League and Forza Italia allies have been much more ambivalent, reflecting their historically close ties with Russian President Vladimir Putin.
Asked if the party was able to provide the necessary political leaders to run the country, Crosetto said that while there were capable officials within the party, it could also enlist “capable technocrats” from outside the party. ($1 = 0.9773 euros)
(Reporting by Federico Maccioni in Milan and Angelo Amante in Rome; Editing by Toby Chopra and Keith Weir)
Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets and institutions, minimizing the risk of financial crises.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real GDP.
The Recovery and Resilience Plan is a program initiated by the European Union to support member states in recovering from the economic impact of the COVID-19 pandemic through investments and reforms.
EU funds are financial resources provided by the European Union to support various projects and initiatives in member states, aimed at promoting economic development, social cohesion, and environmental sustainability.
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