Wednesday, October 26, 2016

Budget act: Renzi and Padoan, the race to make ends meet both in Brussels and in Rome a… – The Huffington Post

RENZI PADOAN

Premier Matteo Renzi, left, shares a biscuit with Economy Minister Pier Carlo Padoan as he attends a debate prior to a confidence vote, at the Senate, in Rome, Monday, Feb. 24, 2014. Renzi is pitching for support in Parliament ahead of mandatory confidence votes on his brand-new coalition. Democratic Party leader Renzi told the Senate Monday he needs support for a “bold vision” that will get economically tinned Italy dreaming again. Without giving details, Renzi said debt-laden Italy must heal | ASSOCIATED PRESS

"This Commission does not consider the stick, the punishment, as his philosophy". And yet: the letters on the economic package sent to Italy and six other Eu countries are "elements normal, natural process of dialogue with member States. Sending them does not affect the following stages”. At a press conference In Brussels, Pierre Moscovici usa tones softer than usual. And this year, not even the usual hawks of the penalty to be her opposite. This time the european commissioner for Economic Affairs has a full mandate to explain that the Palace Berlaymont will address the practice of budget laws with a meter, and political arithmetic. Good news for Rome, where, however, runs against the time to make ends meet and close in a hurry the package. There is a response to the european letter within the deadline of tomorrow evening. And there is to get the ok of the Accounting of the State, then the signature of the president, Sergio Mattarella: steps required of unmet needs tha t keep the maneuver far from the Parliament. We will only arrive on Tuesday, a delay of two weeks.

Tonight at the ministry of via XX Settembre will work until late to get a quadra. By tomorrow, the government will have to respond to the European Commission with a letter of clarification requested on the structural deficit and the expenditure for migrants and earthquake. And in these hours, the sore point seems to be just the first of these two points: the structural deficit in growth of 0.4 percent. Would have to be reduced by 0.6 per cent, the Commission is satisfied with a drop of 0.1. The intention is to confirm everything. "The budget does not change", says the minister of the Economy Pier Carlo Padoan that the day after tomorrow will have a face-to-face with Moscovici on the sidelines of a conference on monetary Union in Bratislava, the capital of the presidency of the Eu, Slovakia. At the same conference among other things is expected the presence of the German minister, Wolfgang ministers meeting in paris.

At the bottom there is the certainty that by Brussels not to leave 'missiles' against the government of Rome. Indeed, what at first seemed to be a tug of war between Renzi and Padoan against the Commission seems to have become a slalom, all together, to avoid cracks at least up to the referendum on the 4th of December: everyone is interested in the victory of the yes. It means that after the response of Rome, the Commission will reject the budget law, but still give an opinion by the end of November, as for all other european States. Maybe reserving the right to give a final judgement only after the referendum, considered that on the 5th of November is called the Eurogroup, which is presided over by the hawks penalty. If it wins the yes, Renzi is ready to sink against the Fiscal Compact to prepare a modification of the Treaties next year. If he wins the no, changes everything: Rome, Brussels, the accounts are to be redone.

This does not mean that the accounts must balance. The Accounting department of the State has not yet given his ok to have doubts about the revenue’s voluntary disclosure, quantified initially by the government 2 billion euros, now reduced to 1.6 bn. A problem which the government tries to compensate by inserting a safeguard clause that would increase the excise taxes in the event that the voluntary does not yield as expected. Shame that "the safeguard clauses are to be prohibited", leads the chairman of the Budget Committee of the Chamber Francesco Boccia, "perhaps it is the law of the budget of another country", the irony. The problem remains.

The Treasury are convinced that, once finished, the work on articulated, the stamping of the Accounting will come. But in the meantime there are also several technical surveys arrived at the Treasury and from the Quirinal palace. In this case, the node relates to the inclusion in the law of the budget of some of the provisions that are not relevant to the matter. Type the rule on foreclosures amending the code of civil procedure (art.66), the provisions on Ilva (art. 85), an interpretation on the law of stability of the previous year (art. 89), and other tecnicalità but especially the safeguard clauses inserted in article 98.

that’s why the maneuver still does not arrive in the Parliament. We will come to a minimum Tuesday, November 2, when it is already convened the Budget committee. However, the net of all "Rome and Brussels will love and agree with." He says the minister for Economic Development Carlo Calenda, but I also think in Brussels. "There is an Italy that fights against the Europe, but for Europe", stresses Renzi today visited the Campania region, between the signing of the pact for Naples with the mayor Luigi De Magistris and the first stage of the referendum campaign to Avellino. "In Europe we will take orders but I’m going to explain how to do that".

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