New Italian challenge To Europe. The Transalpine Congress this Thursday refused to approve the reform of the European Stability Mechanism agreement, known by its acronym ESM. Decision supported government Giorgia Meloni, I think one new business This mechanism was created to help countries in troubleespecially in the case of banking crises and represented a step further from the recent reform towards banking union.
Italy, one country still in the euro area didn’t sign reform rejected it amid great controversy and sections. Specifically, only 72 opposition MPs said they were in favor of ESM reform, while 44 abstained and 184 were opposed. Among the latter there were also: confrontation inside government partnersMeloni’s Brothers of Italy and Matteo Salvini’s League voted against it, while Forza Italia, whose visible face today is Antonio Tajani, abstained.
A reflection for Europe
With this, SalviniThe leader of the union congratulated the decision of the Congress and said, “In this way, Italian retirees and workers pay the bailout costs of foreign banks”. In this tone, Salvini added: “Since Italy has already given money to this mechanism and it is of no use, we can also ask for this. give the money back”.
Instead, since Council Presidency It was suggested that the situation of the ministers could be as follows:opportunity for allow to be undertaken a reflection According to Italian media, views were exchanged in Europe on other possible changes to the agreement that would be more beneficial for the entire eurozone.
Election campaign
These statements come after some parties in the current Italian government coalition suggested in recent years that this measure would be implemented. increase debt costs ruler of the country. So much so that Prime Minister Meloni said in an interview last July that Rome would not ratify the agreement because it would “contrary to interest from Italy”.
But other analysts confirm that the current risk remains valid in the future.”no country [de la eurozona] can use this mechanism “in case of need”, in case of banking or economic crisis. Later Italy or another country not initially affected, affected by any crisis According to Federico Rubini, a journalist who specializes in economic issues in the pages of Il Corriere della Sera, this situation is exploding in the EU.
In another episode, Matteo Renzi, leader of the small Italia Viva party, said the decision had already been made by the government majority.in the election campaign” faces European elections next year. For this reason, “Salvini line wins”added the Italian politician.