“L’EUROPEISTA” CONTE HAS BEEN OVERTAKED BY SPAIN IN THE RECOVERY FUND. A bungling premier can’t do anything
In recent days there was the last Eurogroup that better defined both the limits of the money obtainable through RRF, ReactEu and the other European programs. On this occasion, the plans presented by Gualtieri were received with a certain sufficiency. Furthermore, the calculations on the funds destined for individual countries were reformulated, especially for those, such as Italy and Spain, most affected by the economic crisis.
Here comes the beauty. After the accounts of the RRF,Resiliance and Recovery Facility , Spain was rewarded with an extra allocation of 10.36 billion euros, bringing the funds at its disposal for the important part, the “Non-repayable” one to 69.52 billion. A great success for the Sanchez government which, in this way, at least in appearance, manages to bring home a lot of money.
What happened to Italy instead? We were only able to obtain a rounding of 3 billion, for a total of 68.89 billion. therefore Spain, which had similar damage, if not slightly less than ours, with GDP and a lower population, managed to obtain a share of non-repayable RRF higher than ours.
If we add up all the programs, Spain gets 80.87 billion, Rome 0.76. So even with ReactEu and JTF Madrid wins for a symbolic 100 million, which however becomes much heavier if we consider that our GDP is still much higher than the Spanish one.
So all the Europeanism, or rather the Europeanism, of our government has failed to make Italy's position within the EU recognized and, above all, to have the enormous damage suffered by our economic system recognized. The reasons?:
– we appeared greedy and bungling, interested in grabbing as much as possible, placing ourselves immediately in a weak position. Spain, on the other hand, immediately stated that it does NOT want either the ESM or the loan from the RRF, focusing on a more interesting objective;
– Gualtieri has not yet been able to present an adequate and respectful program for European applications, so he has not been awarded in the distribution of funds.
In the end, barking at the European moon is not enough: you need to be able to act and the Conte government proved to be completely unprepared and with an amateurish approach. These mistakes are paid for in Europe.
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The article “L'EUROPEISTA” CONTE HAS BEEN OVERTAKED BY SPAIN IN THE RECOVERY FUND. A bungling premier can't get anything done comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/leuropeista-conte-si-e-fatto-superare-dalla-spagna-nei-fondi-del-recovery-fund-un-premier-pasticcione-non-riesce-a-combinare-nulla/ on Tue, 19 Jan 2021 17:24:10 +0000.