Giorgetti displaces the ESM and the Stability Pact
What the Minister of Economy, Giancarlo Giorgetti, said and implied. Damato's Scratches
Not at all masked, or waxen, as was imagined yesterday on the front page of Corriere della Sera by Emilio Giannelli thinking about his next meeting in Brussels with Ursula von der Leyen, the president of the European Commission presumably disappointed by the parliamentary rejection of the ESM in Italy, the Minister of Economy Giancarlo Giorgetti yesterday presented himself very fiercely to the Budget Commission of the Chamber. Where he closed the case not as a defendant but as an accuser. Indeed, the false case, because Italy's real problem is not the much disputed ESM but that public debt which we can no longer even decline numerically, it seems so large and unrealistic to us. A debt – the minister warned, looking the opposition in the face but also thinking of some colleagues and friends in the government and party – fueled by the hallucinogens that everyone has used in the past, to the point of addiction.
The ESM, with the jugulatory clauses feared by its critics to save not only the states of the Union at risk of default but also the banks, as the treaty severed by the lack of Italian ratification would have wanted, is not the cause of our debt but in some way the effect. And he, Giorgetti, despite having preferred ratification, did not anticipate or promise it to any of his interlocutors in Brussels and the surrounding area, who were indeed warned of the very predictable rejection. Now all we have to do is cross our fingers and wait what will come out of it in Europe, probably more after than before the June elections.
We need to keep our fingers crossed and see on practical ground, without continuing to foresee being filled with hallucinogens, the impact of the new stability pact just agreed upon in the Union to replace the old one suspended during the Covid epidemic. Which was full of clauses, parameters and the like that were more "stupid" in their rigidity – in the words of Romano Podi when he still presided over the Brussels Commission – than intelligently flexible.
For this new pact, contrary to what the opposition attributed to him in order to continue to demand his resignation, Giorgetti assumed full responsibility, having joined it in the belief that it was not possible to achieve anything better or more. Far from the Franco-German "slap" seen and heard, among others, by Giuseppe Conte. Who, like a trapeze artist at the circus, has nevertheless joined the opposition with the two major government parties in the retaliatory rejection of the ESM, in the logic of one slap leading to another.
It seems like Mariuccia's kindergarten as they understand it in Milan, that is, silly and childish, but it is the one from which the former Grillino Prime Minister always leaves and enters with a brisk pace. Furthermore, it has just been discovered that he has an income from his work as a lawyer, which explains why last year he decided to get elected to the Chamber for what fortunately for him is only his first term, which another could follow without breaking the grill rules. .
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/giorgetti-spiazza-su-mes-e-patto-di-stabilita/ on Thu, 28 Dec 2023 06:51:32 +0000.