
22 May 2025
Giorgetti: 'On duties a reasonable solution on the British model'. Tajani: 'We will strengthen exports on new markets'
For the Minister of Tourism, 'if tourism is doing well, I have the entrepreneurs and workers to thank because they have fought against the pandemic'. This year, Il Sole 24 Ore celebrates a special birthday - 160 years - and organises an open-air exhibition tracing key moments in Italian and global history through the pages of the newspaper
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Summary by points
- Duties, Giorgetti: EU will reach reasonable results with US
- Nobel Prize winner Spence: 'No economy of European countries will be able to do it alone'
- Inaugural ceremony in the afternoon: Cardinal Gianfranco Ravasi on stage
- Michael Spence (Economics 2001) and Tawakkol Karman (Peace 2011) Nobel Laureates Michael Spence (Economics 2001) and Tawakkol Karman (Peace 2011) are coming.
- Seppi (Fruit and Vegetable Producers of Trentino): "Phytopathologies and climate change, common strategies in agriculture
Short-term rentals, Santanchè: new rules? In six months we'll see - Tourism, Fabri: "Short-term rental phenomenon is currently ungoverned"
- Locatelli, on Trentino case for third term "no national crisis"
| 22 May 2025
Ianeselli: Appointment for leadership and school classes
The Trento Festival of Economics is 'the festival of the ruling classes and the educational classes'. For Franco Ianeselli, Mayor of Trento, this is the strength of the event organised by the 24 Ore Group and Trentino Marketing which opened today, recalling that 'this morning a citizen said to me: "we are becoming like Cernobbio", I replied "we are Trento". There is a lot of ruling class here, but we are the Festival of the ruling classes and school classes'. At the Festival there is 'the country that discusses its future and does so with young people and people,' he continued, emphasising that 'the sense of the Festival is to deal with time and reflection.
| 22 May 2025
Fugatti: the Festival a popular Davos that speaks to everyone
"I believe that the pride of Trento and Trentino is to be at the centre of international economic, cultural and political debate. This year is the 20th year, we had the Governor of the Bank of Italy a few weeks ago, we went to the President of the Republic' and the
"The trend that you wanted to introduce, on the one hand maintaining the scientific aspect with a great presence of Nobel Prize winners and scientists, and on the other hand being able to speak to the people and the territory" truly makes Trento a 'popular Davos'. These were the words of Maurizio Fugatti, president of the Autonomous Province of Trento, at the opening ceremony of the Trento Festival of Economics, wishing to "continue along this path" and paying "compliments to Sole 24 Ore and the Scientific Committee" for the organisation.
| 22 May 2025
Silvestri: we give tools to interpret changes in the world
"We want to give full meaning to the word Festival: to involve everyone. We want to explain difficult concepts in a way that everyone can relate to. The future is built with four hands, and for the past four editions we have decided to involve young people. This does not mean taking away our responsibility but building a better future together with them. We do this by trying to give them the tools to interpret changes in the world'. This was stated by Federico Silvestri, CEO of the 24 ORE Group, at the opening ceremony of the Trento Festival of Economics. 'The mission has begun and the challenge is to continue to do so more and more,' he added. 'We like to think that in this journey every year we try to add something; we do not do it alone but thanks to our guests and the public. The Festival also had a spin-off and went as far as San Francisco. We have called this initiative 'road to Trento' because this territory has given us so much and in return we try to make this initiative known all over the world'.
La cerimonia inaugurale del Festival di Trento 2025
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| 22 May 2025
Tamburini: an exciting day, the whole kermesse will be so
'Today was an exciting day and I am sure that the others will be too, as per tradition'. These were the words of Fabio Tamburini, Director of Il Sole 24 Ore, Radio 24 and Radiocor, and Chairman of the Scientific Committee of the Trento Festival of Economics, at the opening ceremony of the event. The director dwelt on the choice of the title of the Festival, now in its twentieth edition: 'Risks and fatal choices. Europe at the crossroads'. "It was a collective choice made by the advisory board. I think I can say that we got it right, without fear of contradiction. The chronicles of recent months and weeks allow me to say, without fear of contradiction, that what has happened has gone beyond the imaginable. We are seeing all kinds of things, and Fetsival is an extraordinary opportunity' to address these issues. "Trento caput mundi: there is a significant amount of knowledge available to the people of Trento and beyond'.
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| 22 May 2025
Colaiacovo: good marriage with Sole 24 Ore, they are 2 excellencies
The one between Il Sole 24 Ore and the Trento Economics Festival 'seems to me a good marriage, they are two excellencies'. This was said by Maria Carmela Colaiacovo, president of the 24 Ore Group, at the Festival's opening ceremony. This year is '20 years of the Festival and 160 years of Il Sole, it is a great responsibility' to organise this event, which has the 'capacity to attract different voices', and to make it 'a point of reflection for the choices for the future of our country', continued Colaiacovo, emphasising that 'one heritage is the Festival, one heritage is Il Sole' and together they are 'a bridge between civil society, institutions, people'. Colaiacovo, recalling that he was recently in charge of the 24 Ore Group, paid "compliments" to the organisation. 'Having in my DNA my tourism matrix, seeing these flows is important for a territory, they bring wealth, employment and future'.
| 22 May 2025
EU, Caltagirone: political union is needed or it remains a commercial expression
For Europe, the perspective must be that of 'a political union otherwise we are a commercial expression'. This is the view expressed by Francesco Gaetano Caltagirone, number one of the group active in publishing, cement, finance and real estate during a round table with Giulio Tremonti at the Trento Festival of Economics. "I believe that until we become a political entity, we cannot be at a table on an equal footing with the others," he remarked, answering questions from the director of Radiocor, Radio 24 and Il Sole Ore Fabio Tamburini in the dialogue with the former Minister of the Economy and chairman of the Chamber's Foreign Affairs Commission. The others are the United States and China in that three-legged table with Europe that, according to Tremonti, can give stability to the world geopolitical balance. Today, Caltagirone goes on to observe, Europe can only legitimately be at the table as a 'major trading entity'. The red thread of the dialogue is on the theme 'change or preservation' and ranges from tariffs and new geopolitical blocs to the role of the dollar, which must remain, according to the former minister, "a symbol of the West". Caltagirone, who at the end did not answer questions on financial current affairs, said he was in favour of the rearmament policy decided in Europe. "Freedom is a supreme good, it is a conquest, it is not a gift nor a right, no one will give it to us as a gift, we have to conquer it and the others if we are not strong enough will compress it, so we have to be strong enough to defend it and therefore efficient". In order to remain free, according to Caltagirone, we need a faster decision-making capacity: 'Our democracies, of which we are proud, need maintenance and one of the most important is that democracy elects someone who must have the powers once elected, not the laces and ties that hold him back. What is the antidote to power given to him? The term of office should be short and should not be re-electable'.
| 22 May 2025
Pirelli, Tronchetti: we evaluate investment in the US, on standards we will find a solution
In the United States "we want to make a big investment to continue growing in a geopolitical framework that is constantly shifting and in which the local for local strategy is fundamental". This was stated by Pirelli's executive vice-chairman Marco Tronchetti Provera at the Trento Festival of Economics, reiterating that he was confident a solution would be found "to comply with American regulations".
Tronchetti then emphasised that he wanted to prevent 'projects in America from becoming part of geopolitical dynamics. To date we are succeeding, we are pursuing the objective, we still have some obstacles because American regulations are obviously hostile to what is considered the strategic adversary that is China. We try to grow in both countries. In China we have very good relations, then there are, let's say, situations with a single partner'.
'The first thing we have pursued for many years is to have a local-for-local autonomy of our production,' explained Tronchetti. In China we produce for China and neighbouring markets. In Europe we produce mainly for Europe, with some exporting. In the US we have also grown through Mexico, first part of Nafta and now Usmca. Now in the US we have a project that starts from our factory in Georgia, an existing and sophisticated technological base but with reduced volumes'.
| 22 May 2025
EU, Tremonti: change and get out of the Middle Ages
'Europe must change, come out of the Middle Ages that it has created for itself and think about the fact that it is still producing demented laws'. This was said by Giulio Tremonti, President of the Foreign and Community Affairs Commission of the Chamber of Deputies, speaking at a panel at the Trento Festival of Economics. 'Change in Europe is also necessary because there are issues on which we can never agree,' he added. 'With 27 countries, the concept of unanimity in Europe does not make sense. On which fronts? On defence, for example. And then on enlargement, with respect to which Europe in recent years has made gradual and paternalistic policies. If we consider that we are enlarging towards the east and, conversely, Russia is doing so towards the west, I believe that regardless of the forms in which the conflict ends there will be a need for new balances. Certainly the process underway is very complicated. But looking to the future, I have faith in the prospects of a Europe that we cannot do without: as I said, however, it must change'.
| 22 May 2025
Tajani: Pope's call on Russia and Ukraine to be welcomed by all
On peace between Russia and Ukraine 'it is not easy. We register some positive signs, certainly. The readiness of the holy father to welcome the two sides to the Vatican, perhaps with Europe and the United States, is a strong message of peace. The pope's message must be welcomed by all. We must work, build peace day by day'. This was said by Foreign Minister Antonio Tajani, speaking at the meeting "Made in Italy: Italy's strategies" as part of the Trento Festival of Economics. "We are also working hard on the Middle East, I have just heard the Foreign Minister of Oman to start mediation between the United States and Iran on the nuclear issue. The fact that these negotiations are going ahead and that Rome has been chosen as the forum for dialogue is very important,' he added.
| 22 May 2025
China, Tajani: relations are very good and we are implementing them
"With China, we have left the Silk Road, but relations are excellent and we are implementing them". This was said by Antonio Tajani, Minister of Foreign Affairs, in connection with the event "Made in Italy: Italy's strategies", during the Festival of Economics in Trento, organised by the 24 Ore Group together with Trentino Marketing, announcing a bilateral summit soon. "We have worked for the Venice-Shanghai flight and we are working for other commercial flights between China and Northern Italy. From the commercial point of view, relations are excellent but we cannot only look at China,' Tajani continued, stressing that Italy must also turn to other markets: 'India, which has more inhabitants than China, Latin America, Turkey and the Far East, as well as the Indo-Pacific and South Africa. We are modernising our foreign policy, both in terms of trade and peace. Where goods go, weapons do not go'.
| 22 May 2025
Giorgetti: 'Progress with the US on Ukraine'
"The financial needs in Ukraine tend to increase and not decrease, the country will have to be helped, and helped above all in the post-conflict, reconstruction phase: there it will take a major concerted action," says Economy Minister Giancarlo Giorgetti, in Canada for the G7 Finance. "Yesterday, for example, one of the keys that helped to break the impasse with the United States was that I actually recalled one of Scott Bessent's phrases from a few weeks ago," the Treasury secretary: "In the reconstruction phase, those who financed or helped the Russian economy and the Russian war machine will not be able to participate in the reconstruction profits. This is an important principle, a kind of preventive sanction: all those who in some way profit from this situation today will certainly not be able to profit from it. It is one of the examples of how, in some way, we have made progress together with our American ally'.
| 22 May 2025
Tajani: 'Export plan to date is EUR 623.5 billion'
"Today we are at EUR 623.5 billion. We are really doing a great job and I am grateful to Ice, Simest and Saces for their extraordinary work in accompanying our companies in international markets. We are organising business forums all over the world. I don't believe that the state should be the entrepreneur but accompany companies. That is why I strongly wanted the reform of the Ministry of Foreign Affairs, which has already passed the scrutiny of the Council of State and will arrive in Parliament, provides for a ministry with two heads, one political and one economic'. This was said by the Minister of Foreign Affairs, Antonio Tajani, speaking at the meeting "Made in Italy: Italy's strategies" as part of the Trento Festival of Economics organised by the 24 Ore Group and Trentino Marketing, on the plan to increase the value of Italian exports to 700 billion euro by the end of the parliamentary term.
| 22 May 2025
Export, Tajani: working to open new markets and strengthen where we already are
"We are working hard to explore new markets and to strengthen the markets where we already are. At this stage we need to work even harder to strengthen our country's international trade. International trade can be the best way to support our companies. We are doing a great job and I thank Sace, Ice, and Simest for their extraordinary work alongside companies,' he said. This was said by Antonio Tajani, Minister of Foreign Affairs, in connection with the event 'Made in Italy: Italy's strategies', during the Festival of Economics in Trento, organised by the 24 Ore Group together with Trentino Marketing. "The State must play a leading role in accompanying and supporting companies. This is why we wanted the ministry to be also of international trade, a ministry with 2 heads, one political and one economic, to ensure that our ministry can help all Italian companies in the world, even the smallest ones,' Tajani continued.
| 22 May 2025
Tajani: Hamas cannot be Palestine's future
"Hamas cannot be the future of Palestine, the leader of Palestine: on the contrary, Hamas is the cause of the evils that the Palestinian people are suffering today," said Foreign Minister Antonio Tajani, speaking at the Trento Festival of Economics.
| 22 May 2025
Giorgetti: 'No to five-year plans, EU to be responsive'
"The all-positivist claim to plan five or seven years ahead... history teaches us that this is not possible". Instead, we must be 'ready and responsive to respond', says the Minister of the Economy, Giancarlo Giorgetti, interviewed in connection from Canada at the festival of economics organised in Trento by Gruppo 24 Ore and Trentino Marketing, in a reasoning on the European approach on fronts such as the NRP and defence spending. Giorgetti underlined this by recalling that he had already stigmatised, in the past, with "a joke" those "five-year plans reminiscent of the Soviet ones that never worked". "Europe's problem today," says the minister, in Canada for the G7 Finance Ministers' Meeting, "is that it has other players who are ready and responsive to respond while we have governance systems that involve very complicated paths. Just think that now in Europe we are at the clock stop, we have to totally eliminate the regulatory legislation that we have passed in the last three years: this is proof that we have to be more flexible in our approach. Summits such as Ecofin and G7 finance 'are all useful', especially in 'a historical phase of change in global balances': the minister says this, pointing out how 'participating in these important summits and taking part as a protagonist, with a standing that Italy is recognised as having at this time, is extremely productive for national interests. I do not want to make a boastful speech for the government: it is an objective reality that all those who take part in the international debate, including private individuals, trade players, those who travel the world, have all perceived. Of this we can be absolutely proud'.
| 22 May 2025
Dazi, Giorgetti: 'It is EU competence but Italy creates 'bridges' thanks to its relations'
"The competence for international trade is European, and it will be Europe that will eventually sign the agreement, but it is equally clear that, for reasons also simply of human relations, Italy has the ability to smooth out corners and create bridges, a term that is fashionable today'. Thus the Minister of the Economy, Giancarlo Giorgetti, interviewed during the Trento Festival. Italy has 'played an important role in arriving at a synthesis', given that in relations between countries 'there is a formal role and a substantial role'.
| 22 May 2025
Caltagirone: 'West has entered a decline, change is needed'
"The road that the entire West has taken is leading towards a decline and therefore a change is needed". This was said by entrepreneur Francesco Gaetano Caltagirone, during a debate on 'Change or Conservation', as part of the Trento Festival of Economics organised by the 24 Ore Group and Trentino Marketing on behalf of the Autonomous Province of Trento. 'Many of the discontinuities and evolutions,' he added, 'start from necessity. In America a few decades ago, the choice was made to privilege consumers and this is how the deficit was created. And like any public debt there is no ceiling but a perception. And for the first time, the US public debt is perceived as something that is better not to increase further. And this requires either a balanced balance of payments or the path of tariffs or finally the devaluation of the dollar. The American consumer over the years has wiped out all family savings and created a huge public debt in order to pay less for products'. But in the West "I don't see who else can replace the leadership of the United States. Unless we have a united Europe, but that is something I see very far away'.
| 22 May 2025
Defence, Giorgetti: 'We are slightly above 2 per cent for expenditure'
"Nato has rules. There is a manual, we have applied it and on the basis of our budget we are slightly above 2%' of GDP for defence spending. This was said by the Minister of the Economy, Giancarlo Giorgetti, interviewed at the Trento Festival of Economics, an event organised by 'Gruppo 24ore' and Trentino Marketing.
| 22 May 2025
Business, Bracco: 'Uncertainty the enemy of growth, less stakes needed'
"We as companies are doing our utmost to remain competitive, the country must be proud and defend its manufacturing" but "uncertainty is always the enemy of growth because it conditions the confidence of entrepreneurs and consumers and has inevitable negative repercussions on investments". These were the words of Diana Bracco, president and CEO of the Bracco Group, an Italian multinational in the chemical and pharmaceutical sector, guest speaker at the Trento Festival of Economics, organised by the 24 Ore Group.
In recent years, companies 'have had to face unimaginable situations', from pandemics to theatres of war, which 'have led to dramatic increases in energy and raw material prices and major supply difficulties'. In this context, 'we need fewer constraints on development and, above all, we need a Europe that believes in the growth of its economy and supports its supply chains without strings and ties,' Bracco said, asking the institutions for 'more regulatory simplicity and more coordination of economic policies, otherwise our continent risks becoming just a consumer market and losing competitiveness to giants such as the United States, China and other emerging countries.
| 22 May 2025
Giorgetti, EU tax on Chinese parcels is 'sensible and desirable'
The hypothesis that the EU could levy an extra two euro tax on goods from China, below a certain value, is a 'proposal that makes sense' and 'if done well it is something that everyone considers reasonable and desirable'. So said Economy Minister Giancarlo Giorgetti, interviewed at the Trento Festival.
| 22 May 2025
Duties, Giorgetti: EU will reach reasonable results with US
"The US administration is reaching agreements or is about to reach agreements with the UK and China. I am not saying that the European Union will come last, but I believe that reasonable results will be achieved'. This was said by the Minister of Economy and Finance, Giancarlo Giorgetti, speaking at the Trento Festival of Economics underway until Sunday.
| 22 May 2025
Stellantis, Bruno: We reaffirm Italy's centrality, solid investment in all plants
Stellantis "reaffirms the centrality of Italy through the Italy Plan, which envisages solid investments in each of our plants". This was stated to Radiocor by Anonella Bruno, managing director of Stellantis Italia, on the sidelines of one of the panels at the Trento Festival of Economics, organised by the 24 Ore Group together with Trentino Marketing. To the criticism about the feasibility of the Italy Plan and the choices made by the company so far, made for example by the trade unions and some politicians, 'the best we can give is with facts. The production of the Compass at Melfi is on schedule and the start of production of the 500 hybrid at Mirafiori is on schedule. So these are two concrete examples of execution of the Industrial Plan for Italy,' Bruno said, emphasising that 'we will go ahead on schedule and reaffirm our commitment to Italy.
| 22 May 2025
Tronchetti: EU does not have adequate governance, too many regulations hinder competitiveness
Europe's risks arise from "a governance that is not suited to managing a de facto federal situation. The only way would be to have a small group that has the responsibility, appoints the decision-makers and is then delegated by the other countries to choose on certain matters. This has not been done. It has enlarged Europe, complicating governance - instead of simplifying it - and resulted in a Europe of 27 unable to take strategic decisions. The original project has been lost and Europe has not built a common governance and therefore cannot have a common foreign policy or common defence management in the broadest sense'. This was stated by Pirelli's Executive Deputy Chairman, Marco Tronchetti Provera, speaking at the Trento 2025 Festival of Economics.
"I do not see who is really building the house," he continues, "and the creaks show the fragility. Building requires solid foundations, it also requires recognising things that have not gone well. This is not a hunt for the guilty party: Europe must look for itself and to do so it must change'. For Tronchetti, finally, it is also important to establish a real dialogue between the world of industry and the EU. 'I do not see,' he concludes, 'a relationship between industry and Brussels to build a different Europe from the one we have seen', focused not only on 'a development of regulations that have nothing to do with Europe's industrial competitiveness'.
| 22 May 2025
Crosetto, right for Italy to tell Netanyahu he is wrong
"It seems right to say to Israel today that what is happening risks harming Israel itself. The fact that this war is leading to the killing of thousands of innocent people is building the conditions for Hamas to find even more consensus. It is right for a friendly nation to say that Netanyahu is wrong, we must secure Palestine and give Palestine a future'. This was said by Defence Minister, Guido Crosetto, speaking live from Rome at the meeting "Geopolitics of resources: raw materials and technological sovereignty a global challenge" as part of the Trento Festival of Economics.
| 22 May 2025
Stellantis, Bruno: on electricity take consumers into account
As far as the automotive sector is concerned, one of the focal points of the ecological transition and the Green Deal is the transition to 100% electric, and 'Stellantis confirms its commitment to decarbonisation and the transition to electric, but we must consider that there is a consumer and today the consumer is not yet ready'. This was said by Anonella Bruno, managing director of Stellantis Italia, during one of the panels at the Trento Festival of Economics, organised by the 24 Ore Group together with Trentino Marketing. This "creates an issue of accessibility of cars, costs and infrastructure, which does not only concern the number of recharging stations present but also the distribution over the territory," said Bruno, explaining that as far as recharging stations are concerned, "in Italy the situation is improving, but there is not a homogeneous situation over the territory, about 60% is concentrated in the north. In addition, we know that when you want to install a toolbox in a condominium, you have to incur significant costs, so it is necessary to focus on these elements as well in order to facilitate the technological transition'. A key point on which Stellantis insists 'is the renewal of the fleet. In Europe there are 250 million cars with an age of 12 years, in Italy more than 40 million are 13 years old, but there are peaks such as in Greece where they are up to 17 years old. Working on the car fleet means working on reducing CO2, supporting demand and, consequently, supporting production,' Bruno said.
| 22 May 2025
Lerner, dehumanisation mirrors Israel and Hamas
"Until recently, the Palestinian cause had taken a back seat, even in Israel, a classic case of collective removal. In Tel Aviv, one could live an absolutely vibrant life 90 kilometres from the Gaza border. The idea that the Palestinians could only be dealt with by repression had passed.
Such an attitude also corrupts on a moral level. On the other hand, visions of religious fundamentalism prevailed at some point, defeating the previous secular Palestinian ruling class.
Thenthe shock of Hamas's aggression made the idea prevail in Israel that all Palestinians were responsible, guilty as a whole. The dehumanisation of the other is the tool that makes the propaganda of the fanatics, the Israeli right wing and Hamas, who look at themselves in the mirror, effective'. Gad Lerner said this.
| 22 May 2025
Crosetto: 'Defence is continental'
"The construction of European defence must see all countries united, but in my mind we must also involve those countries like Norway and Turkey that are not in the EU. We need a, let's say, continental defence.
This was said Guido Crosetto, Minister of Defence. 'Another thing is the coalition of the willing,' Crosetto added. 'France and the UK have said let's think about what to do after the Ukraine-Russia truce, if there is one. We say we still do not know what peace will look like'.
| 22 May 2025
Melinda: climate change costs, small frost damages 30 million
"Climate change costs money: for a small late frost we had damage of over 30 million euro. Resources are needed to invest in research and time is needed for this to produce constructive changes.
This was said by Ernesto Seppi, president of Melinda.
Seppi also expressed 'concern that the tariff war will cause cascading effects that will affect the entire agricultural sector across the board' and called on 'local politicians to deploy all instruments to unite and hold the sector together'.
| 22 May 2025
Duties: Rigotti: wine world hopes for diplomacy
"We are all in the midst of a storm of a return to protectionism. The wine sector is coming from three very difficult years, with a disproportionate increase in costs, including money. We export almost 80 per cent and have to continue to remunerate our members as best we can. We have a lot of confidence in diplomatic work, hoping that it will be able to settle the trade rivalries that have arisen.
In the meantime, we are working with the European Commission to find measures to offset the risks and we are finding openness and willingness to dialogue'.
This was said by Luca Rigotti, president of the Mezzacorona Group referring to the duties imposed by the Trump administration and the geopolitical instability following the Ukraine-Russia conflict.
| 22 May 2025
Santanché: '110 million euro for development contracts'
"We are working on the inter-ministerial decree that will allocate 110 million euro to development contracts, including energy efficiency measures, a key aspect for the sustainability of the sector.
These were the words of the Minister of Tourism, Daniela Santanchè, during the Festival of Economics currently taking place in Trento. 'Our goal,' concluded Santanchè, 'is to make tourism increasingly competitive, quality and, of course, sustainable.
| 22 May 2025
EIB, Vigliotti: '70 billion maxi programme for innovation ready'
The EIB is close to launching a maxi funding programme of EUR 70 billion for innovation over the next three years, from which it expects a leverage effect for investment of EUR 250 billion. This was indicated to Radiocor by the Bank's vice-president, Gelsomina Vigliotti, on the sidelines of an event at the Festival of Economics.
The objective is 'to bring European industry to make an important technological leap, international competition is very strong, the Letta and Draghi reports have shown us how we are lagging behind on many fronts and therefore, as the EIB, we want to provide subsidised finance for those researchers or start-ups that want to become bigger and are unable to find adequate funding'. The programme should start as early as June or in any case before the summer break.
| 22 May 2025
Golden power, Zoppini: 'In Italy limited vetoes, other EU countries more protectionist'
In Italy, the application of golden power powers by the government has so far been 'very limited' and the statistics of prohibited transactions is 'very limited', other EU countries have shown to have 'much more protectionist approaches' than Italy. This was emphasised by Andrea Zoppini, professor of civil law at the University of Roma Tre, regarding the special powers available to the government to safeguard the national interest in economic sectors deemed strategic.
These powers,' he explained during the debate on protectionism and the free market at the Trento Festival of Economics organised by Gruppo 24 Ore together with Trentino Marketing, 'exist in the European Union, in the United States and even more so in systems that are different from the Western tradition. So the public debate that has arisen, as a result of certain operations and current cases, may be surprising, but we are dealing with disciplines that exist in the United States and Europe. Secondly, other European legal systems such as France, Germany and recently also Spain have much more protectionist approaches than we Italians'.
The Italian experience, he added, 'has a very limited veto statistic and has essentially concerned acquisitions by non-EU subjects subject to sanctions, typically Russia, or relevant situations involving China in relation to which the government has decided to ban the operation. So if there is a big debate in Italy, the application is very limited. Certainly golden power is a very significant indication of a trend of anti-globalisation, but it is not just an Italian fact'.
| 22 May 2025
Spence (Nobel Prize 2021): 'Less global growth for Trump, but it won't be catastrophe
Use
More centralisation is needed in Europe
(Il Sole 24 Ore Radiocor) - Trento, 22 May - For Germany, an era is over, but the economy will certainly not start from scratch. However, none of the European countries' economies will be able to do it alone. Economy of scale is everything in this phase of technological competition, 'huge investments are needed, we need to move in a logic of greater centralisation, following the path of centralised financing with Eurobonds would be an obvious advantage'. The American economist Michael Spence (Nobel Prize 2021) is not really pessimistic about the possibility for Germany and the European Union itself to find the right solutions to overcome the economic and political stalemate in which it finds itself. At the Festival of Economics organised by the 24 Ore Group together with Trentino Marketing on behalf of the Autonomous Province and with the contribution of the Municipality and University of Trento, Spence on the one hand believes that from Trump "we can only expect uncertainty", however he urges not to exaggerate on the "catastrophic impact" of his policies: "there will be a global slowdown, but the American economy represents 25% of the world economy, the rest of the economy, from emerging countries to Europe, is resilient".
Antonio Pollio Salimbeni - Aps
| 22 May 2025
Short-term rentals, Santanchè: new rules? Let's see in six months
'I believe that the issue' of short rentals is 'very complex and it is not that you can tout the perfect solution. I believe that, as in life, you have to go by trial and error'. This was said by the Minister of Tourism, Daniela Santanchè, during her speech at a panel as part of the Festival of Economics currently underway in Trento. 'I am not saying that what we have done is the best that can be done, what interests me is to understand, because I do not want to make mistakes. Now let's wait another six months and see,' he added.
"I think that if you have a house and you rent it to increase the family income, to maybe send your son to study a language, maybe to go to the dentist, how do you put the same taxation on it as on hotels? What's different is if you have several flats and then the taxation, as we did, has to be higher because you have to become a business and that's what we did, but I say let's see how it works, I'm a layman,' he continued, recalling that Barcelona, which introduced very restrictive measures, 'is partially going back'.
| 22 May 2025
Federalberghi: short-term rentals are unfair competition to hotels
"Short tourist rentals are a real unfair competition to hotels. We have to change the use and make all the taxes paid by accommodation facilities pay. Think of Venice: visitors fill the city but sleep elsewhere. Think of the Milan Furniture Fair: it made record numbers but the hotels were not sold out because people rented flats elsewhere'. These were the words of Bernabò Bocca, president of Federalberghi, speaking at the panel 'Tourism must change: quality and not just quantity' as part of the Trento Festival of Economics underway until Sunday.
| 22 May 2025
Tourism, Fabri: improve training to attract young people
In order to support the Italian tourism sector, a strong focus must be placed on human capital and training to attract young people to the sector. This is the request made by the president of Confindustria Alberghi, Elisabetta Fabri, during the event 'Tourism must change: quality and not just quantity' at the Trento Festival of Economics. "On tourism there has been a change in approach, tourism has never been at any table in a decent way, now it is at the centre of everyone's attention. The goal is to make Italy the most coveted country and we start from a treasure that we perhaps do not realise, in addition to beauty I think of human capital,' Fabri said. "We have fertile ground that we must sow for the future," Fabri continued, emphasising that "what is missing and we must do better is to attract young people, who perhaps do not realise that this is a wonderful world: there are no hotel schools of reference like in Switzerland and the USA, we must create a culture of hospitality" with high-level training.
| 22 May 2025
Brunetta (Cnel): 'Work and training for those about to leave prison'
Italy 'fails to respond to the dictate of Article 27 of the Constitution, which states that prisons must not be afflictive, and above all that they have as their objective reintegration and re-education. There are 61,000 inmates. They suffer from overcrowding and indecent quality of life, apart from the exceptions of some of the 189 prisons in Italy'. This was said by the president of the National Council for the Economy and Labour (Cnel) Renato Brunetta, in Trento for the Festival of Economics, on the occasion of the meeting "School, work, training in prison and outside with the objective of zero recidivism".
"One of the first things I am working on is dentures, glasses and hearing aids. In prison those who need these things and do not have the money to buy them do not have them. Does that seem possible?" added Brunetta, who also spoke about the 'Zero Recidivism' project. "We spend a lump of billions to keep the prison system going. Does it even work? No, it does not work. Because 70 per cent of those who have been in prison return there. It is called recidivism," he said. "Other studies say that if during the period of deprivation of liberty these individuals have experiences of schooling, training and work, recidivism plummets to 2% and even 0%. So it means that we may as well keep the system up, but at least by responding to the constitutional dictate we give hope'. In particular, the Cnel president added, on the "6,000 to 7,000 who have a residual sentence of one year we should intervene immediately. We need to start thinking about investing in school, work and training in the meantime for those who are about to be released'.
| 22 May 2025
Locatelli, on Trentino case for third term 'no national crisis'
"At the national level there is no crisis because the government is strong, it has not suffered any repercussions for this issue". This was stated by Alessandra Locatelli,Minister for Disability, responding to a question on the case of the law for the third term of office for the presidents of the Autonomous Province of Trento and the internal crisis between Forza Italia and the League. The Council of Ministers recently resolved to challenge before the Constitutional Court the Trento law that raised the limit of consecutive mandates from two to three. A law that would allow the Lega Nord governor Maurizio Fugatti to run for a third time.
"I personally, who have been an administrator, and the League as well," added Minister Locatelli, "are convinced that this should be an answer for all administrators who work well, regardless of the number of terms in office, but on the basis of their skills, their way of dealing with citizens and the administrative process. However, it is an issue that is naturally dealt with from a technical and above all territorial point of view. At the national level we are moving forward, more and more convinced'. The minister spoke on the sidelines of the conference 'Conflicts, crisis and protection of persons with disabilities, at the Trento Festival of Economics.
| 22 May 2025
Seppi (Trentino fruit and vegetable producers): 'Plant diseases and climate change, common strategies in agriculture'
"All farmers, especially those operating in complex territories such as mountainous areas, are today facing increasingly frequent late frosts even in spring, droughts alternating with water bombs and floods, and an increasing spread of plant diseases. We must respond to these challenges with common strategies favouring a quality aggregation that represents, on the one hand, a real added value and, on the other, an effective tool to spread practices of contrast and adaptation also among small producers". These were the words of Ernesto Seppi, president of the Melinda Consortium and the Association of Trentino Fruit and Vegetable Producers, during the 20th edition of the Trento Festival of Economics. "An aggregation that is also transversal, based on shared projects and products. The experience of the cooperatives of apple growers in Val di Non is a virtuous example that can also set a school elsewhere. At the same time, it is fundamental that institutions, at every level, stand by farmers, starting with the protection of access to water resources, which, besides being an agricultural priority, is also a delicate social issue. Defending production therefore remains the central objective for the sector, with the primary aim of protecting the economic marginality of members," said Seppi during the panel"Titans of the impossible: cooperatives hold their course amidst the waves of chaos, 130 years of Cooperazione Trentina".
| 22 May 2025
Father Fortunato: change course or economy will fail, man is at the centre
"The economy must change course, otherwise it will declare its own failure. An economic system that enriches the already rich and abandons the poorest has lost its true meaning. In recent years, it has turned its back on the most fragile, contributing to the deaths of millions of children and ignoring the suffering of the youngest. It is time to put man and his dignity back at the centre: only in this way can the economy return to being a true value at the service of all'. These were the words of Father Enzo Fortunato, president of the Pontifical Committee for World Children's Day, who will speak today, 22 May, at 2:30 p.m. at the Festival of Economics in Trento on the panel entitled "Immigrations and peoples, the future of children": Tawakkol Karman, 2011 Nobel Peace Prize winner, and Fabio Tamburini, editor of Sole 24 Ore, will be taking part.
| 22 May 2025
Locatelli: Ai can improve disabled life even in times of crisis
"The Solfagnano Charter is the first outcome of the G7 ministers' joint commitment to do more. There are eight priorities and they concern independent living and services. But also a lot of innovation, such as artificial intelligence, to improve the lives of people with disabilities in everyday life if harnessed in the right way. We have to develop the potential in the right way, but it is a big challenge to protect people with disabilities in times of crisis from wars to weather events". This was said by Minister for Disabilities Alessandra Locatelli, participating in the dialogue 'Social Conflicts, Crisis and the Protection of People with Disabilities', a panel of the Trento Festival of Economics underway until Sunday, referring to the paper of Solfagnano.
| 22 May 2025
'Risks and fatal choices, Europe at the crossroads': opinions compared in the Trump era
The choices and risks for Europe after the arrival of Donald Trump, who has brought about major international changes and new geopolitical balances. This will be the leitmotif of the Trento Festival of Economics, which is celebrating its 20th anniversary this year. Over the next four days, economists, managers, Nobel prize-winners, politicians and government representatives will confront each other in Trento. For the Festival's twentieth anniversary, this year the city of Trento will also host the first of the initiatives designed to celebrate the 160th anniversary of Il Sole 24 Ore, which will culminate in November. It could only be the city of the Festival of Economics to kick off the celebrations of Italy's longest-running financial newspaper, founded in 1865 with the title Il Sole.
| 22 May 2025
Incoming Nobel Prize winners Michael Spence (Economics 2001) and Tawakkol Karman (Peace 2011)
The first Nobel Prize winner to arrive in Trento will be Michael Spence (Nobel Prize for Economics 2001) who will explain "Why Germany has stopped and how to restart growth (not only in Germany)" (12:15 p.m. Palazzo della Provincia-Depero Room), while in the afternoon Tawakkol Karman, Nobel Peace Prize 2011, will speak in a dialogue with Father Enzo Fortunato on "Immigrations and peoples, the future of children" (2:15 p.m., Teatro Sociale).
| 22 May 2025
In the afternoon opening ceremony: Cardinal Gianfranco Ravasi also on stage
Closing the day will be the Festival opening ceremony with Cardinal Gianfranco Ravasi, President Emeritus of the Pontifical Council for Culture. Then the Festival organisers will also take turns on stage: Maria Carmela Colaiacovo, president of the 24 Ore Group; Flavio Deflorian, rector of the University of Trento; Maurizio Fugatti, president of the Autonomous Province of Trento; Franco Ianeselli, mayor of Trento; Maurizio Rossini, managing director of Trentino Marketing, Federico Silvestri, managing director of the 24 Ore Group, and Fabio Tamburini, editor of Il Sole 24 Ore. In parallel, the meetings of the Fuori Festival programme, Economie dei Territori and Incontri con l'Autore, will also start.
