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Renzi: Salvini talks of elections because the League is losing support

International trade with tariffs imposed by the United States, the social economy and agriculture. These are some of the topics at the centre of the second day of the Trento Festival of Economics organised by the 24 Ore Group and Trentino Marketing on behalf of the Autonomous Province of Trento

Translated by AI
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Del Conte (Bocconi): fair wage is positive news

The introduction of the fair wage is 'a positive novelty' and 'it is useful to become aware of it and work to make it work'. This is the view of Maurizio Del Conte, professor of labour law at Bocconi University, speaking at the 'Labour in the Pincer: Artificial Intelligence, low wages, training to improve' panel at the Festival of Economics, in light of the new labour decree, dubbed 'First of May', in which, on the one hand, existing bonuses to support employment are confirmed and, on the other, measures such as the 'fair wage' are introduced.

According to Del Conte, "the need to improve collective bargaining and to link wages to good bargaining is a need that is felt in this country". Regarding bonuses, "since they were introduced in 2016, an era has passed," Del Conte adds.

The labour market today 'needs something else, it needs a leap in quality rather than quantity'.

This also includes the issue of skills, which in Italia 'are levelled downwards' and this generates 'a perverse spiral', points out Del Conte. In fact, 'if the skill level is low, so is the production outlook and added value,' he explains.

Furthermore, he observes, one has to ask oneself 'whether young people lack skills or it is companies that do not demand skills. In reality the two things are together and are just spiralling downwards. So we need to break this spiral'.

Forchielli: China strongly penalises us

In the current global scenario, China's weight can no longer be ignored or downplayed, but it is not so easy to determine whether it represents more of a risk factor for the Western world or an opportunity.
"It is difficult for me to say that China represents an opportunity. It is penalising us strongly, but much through our own fault. When it comes down to it,China has few weak points, for example consumption that does not take off, but which is compensated for in the geopolitical field by an eexport growth of more than 20% per year.

Practically we are gradually becoming dependent on China in a whole range of products, such as pharmaceuticals and rare earths' and 'this is quite serious,' said Alberto Forchielli, founding partner ofMindful Capital Partners, during one of the panels at the Trento Festival of Economics.

"I was one of the first to bring Chinese companies to invest in Italia in 2008 and I remember all the difficulties, the mistakes, the trivialities they made. I told myself, optimistic from my point of view because I was quite worried about China, that they would never be able to match companies like Ibm, Intel, General Electric.
Instead I was wrong big time, there are plenty of companies, there is Byd first in the world in electric vehicles, there is Catl first in batteries, for Huawei's research expenses are bigger than Intel's turnover,' Forchielli concluded.

Acea: business plan in continuity with last three years

"We are going to make a business plan that, clearly, can only be in continuity on the path already traced in these three years," says Acea CEO Fabrizio Palermo, in view of the business plan update that will be on the table of the new board of directors, which will be appointed by the next shareholders' meeting.

"Acea has grown a lot in the last three years," he said from the Trento Festival of Economics.
Today Acea is a group positioned on the theme of infrastructure safety and resilience, whether it be water infrastructure, energy infrastructure, environmental infrastructure. And this is the path it has been following for years and will continue to follow'.

Crosetto: power is measured in the control of technology

"Investing in security, in technology, in research means investing in the future, it means giving the future a chance, creating opportunities in the most advanced areas of innovation, engineering, cybersecurity, space and artificial intelligence.

It means giving the new generations the chance to build growth, stability, development and to be able to think that a future can be built in Italy, not a B or C series future, but a connected future with a decent salary, something that can be found in high-tech sectors'.

 

This was said by Defence Minister Guido Crosetto during his speech in a video message sent to the Trento Festival of Economics. "Today," Crosetto observed, "power is no longer measured only by the traditional instruments of politics and economics, it is measuredmainly in the control of technologies, data, energy, digital infrastructures, artificial intelligence, logistical networks or strategic raw materials.

The world has changed, indeed it is changing all the time, fast, and it would be a mistake not to take note of it.

We live in an increasingly interconnected reality, in which an international crisis or a conflict thousands of kilometres away can have immediate effects on the lives of every person, on our daily lives, on the lives of our families,' he concluded.

21 May 2026

Renzi: Salvini talks of elections because the League is losing support

Salvini speaks of elections 'because he knows that with each passing day the League loses consensus. A part goes towards Vannacci and a part, paradoxically, is so disappointed that it votes centre-left. Just think how they are.

So Salvini has the need to go and vote'. This was said by Matteo Renzi talking to reporters during the Festival of Economics in Trento. According to the Iv leader, 'it would be right because since Meloni lost the referendum she doesn't get one right anymore. I agree with Salvini's proposal. The problem is not that Meloni does not agree, she is clinging to her chair. When Salvini returned to Rome they gave him a head flush. So I agree that Salvini has already changed his mind again'. For Renzi, 'the centre-left has all the conditions to win, because it will be a four-pointed centre-left, as they say in these cases. It will be decisive to take some votes from the disappointed. Now, paradoxically, having to play it from a strictly utilitarian point of view, the centre-left would be better off leaving them there a little longer. The longer we wait, the more they are overcooked, but the problem is not how overcooked they are, the problem is how overcooked the country is, because real wages are falling, the public debt as a percentage of GDP is growing compared to other European countries, we have a record tax burden of 43.1%, every day that passes Meloni is heading towards the relegation zone,' Renzi said.

21 May 2026

D'Alema: China is stronger than us

"China is stronger than we are. It has not broken the relationship between politics and culture and maintains the idea that politics must continue to guide social processes. Either democracy becomes capable of leading social processes again, or the countries where political leadership has been defended will be stronger than us'. This was said by Massimo D'Alema speaking at the panel 'The night of the Republic: old and new protagonists'.

21 May 2026

Cohesion and investment: the EU route to curb China and the US

Luca Orlandoby Luca Orlando

No middle ground between war and peace? No, Cicero was wrong,' explains Ambassador Michele Valensise, 'and what is happening between the United States, China and Europe demonstrates this plastically. Of course, in the days of the great Roman orator, relations between states were much simpler, whereas today the confrontation between the great powers is somewhere between strategic rivalry and interdependence.

Comparing the three areas, the objective of the debate between economists at the Trento Festival of Economics, means first of all taking note of an epochal change that has occurred as a result of the new wave of protectionism. "If in the past, with globalisation, it was the market, i.e. companies, that guided the localisation of plants and technologies," argues Giovanni Tria, "now we act according to geopolitical principles, interventions by states not directed to collective goods, such as the environment, but to protect national priorities".

21 May 2026

Lollobrigida: EU wrong to impose rules only on companies

"Europe is making strategic mistakes, continuing to imagine itself inside a bubble, as if it were an island where it cannot impose rules within the world market, it only imposes them on its own entrepreneurs.
If you impose too many rules on your own entrepreneurs on pesticides, technologies and labour, production decreases and for the same consumption you are forced to import'. This was said by Francesco Lollobrigica, Minister of Agriculture and Food Sovereignty.

21 May 2026

Government, Bisignani: 'It is a besieged fortress and closed in on itself, it does not look ahead'

"For the last three years Palazzo Chigi has been a besieged fortress, always small, that does not look ahead, does not expand its space, but always closes in on itself". This was the judgement of journalist and writer Luigi Bisignani in his speech at the Festival dell'Economia, responding to the suggestions of the director of Il Giornale, Tommaso Cerno, on the need for strategic choices that would, for example, valorise and modernise Italy's real estate heritage with a national plan. If the President of the Council, in this remnant of the legislature, 'would open the windows of Palazzo Chigi a little, call up the most important intelligences in the country, perhaps this speech could be made'.

21 May 2026

AI, Ponzellini: 'Europe's role will be on regulation and democratic principles'

Europe's role as AI technologies advance will be to 'regulate these things'. Thus former banker Massimo Ponzellini in his speech at the 'Night of the Republic' panel at the Festival of Economics. "We cannot be the ones to invent artificial intelligence, but we have to follow its development carefully: we will find branches and niches in which to be the best, but above all we will be able to dictate what is now missing, namely the legal framework, moral principles, the fields of administrative jurisdiction," Ponzellini said. "We will have to regulate these things: this is where I see the role of the democratic worlds.

21 May 2026

Musumeci: Earthquake in the Phlegraean Fields, 600 million allocated

21 May 2026

Euro, Palenzona: 'Leap in the dark cost dearly, there was no ruling class left'

"The euro was a leap in the dark that cost us dearly: we had the ambition to be together with the others but we did not have a political class suited to guarantee a transition that would not kill Italia, as then happened". This was said by Fabrizio Palenzona, chairman of Prelios Group, at the Festival of Economics. "A prepared ruling class had disappeared," he continued with reference to Mani Pulite: "In '93 we did not eliminate corruption, we eliminated the parties starting from the misunderstanding of illicit party financing that we all knew was there and how it worked. It was an excuse not to hit corruption but to hit the parties and that was a damage'.

21 May 2026

De Gennaro (GdF): widespread evasion among influencers and digital creators

Giovanni Parenteby Giovanni Parente

Economia sommersa, l’altra faccia dell’Italia Nella foto: Andrea De Gennaro

The evasion of influencers and digital creators 'continues to be wide and widespread' but the fight goes on in synergy with the Revenue Agency with a joint activity plan that 'tries to identify the disproportion between declared income and various contents, views, the number of subscribers to the channel: often there is a strong disproportion'. This is one of the aspects mentioned by Andrea De Gennaro, commanding general of the Guardia di Finanza, during his speech in the panel 'Submerged economy, the other face of Italia' at the Festival of Economics in Trento, organised by Sole 24 Ore and Trentino Marketing.

21 May 2026

Niscemi, Musumeci: 'Understand why for 30 years those who knew did not act'

"On Niscemi there is the government's commitment to work for the plan that was proposed by the head of the Civil Protection department. I proposed, and the Council of Ministers agreed, to make available 150 million euro. It is clear that, in parallel with the action of the government, there is that of the judiciary, and so I avoid making considerations, because I have great respect for the role of the magistrates. We must understand why for 30 years those who knew did not act. This is the big question to which the judiciary will have to give an answer'. This was said by Nello Musumeci, Minister for Civil Protection and Sea Policies, on the sidelines of the Trento Festival of Economics.

21 May 2026

De Gennaro: 'On platforms new forms of undeclared work'

21 May 2026

Savona: 'My successor at Consob? Important that he is good'

The risks of not electing a Consob chairman? 'In the short term none, because the people, who are there, are able to carry forward a programme that I had left and that they shared. So, at the end of the story, the judgement can only be political and I am not the one to give it'.

Paolo Savona, former minister and chairman of the Commission that oversees the markets, draws the line under his experience during an interview with Radiocor on the sidelines of the Trento Economics Festival. The economist, whose term at the helm of Consob ended at the beginning of March, does not commit himself to his successor: 'Who would I choose? That's not my job', explaining instead that 'the important thing is that he is good'. Asked whether he somehow misses his job at the Commission, he seems to have no doubts: 'No, it has been seven tiring years, age does not allow me to do so, and I have gone back to working with my brain, independently'.

The debate on the future number one of the Commission, he suggests, should however be understood in a broader sense: 'The future of Consob is in Esma, which is the European Consob', just as it was for 'the Banca d'Italia in the ECB'. But, in conclusion, is a technician or a politician preferable? 'The debate does not excite me,' smiles Savona.

21 May 2026

Submerged, De Gennaro: 'Estimate over 200 billion, combine prevention and repression'

As far as the submerged economy is concerned, the estimate is 'over 200 billion; these are estimated values, we are talking about a part of the economy that is not known, the values can only be estimates', as they can 'represent 9, 10, 11 GDP points, but the phenomenon is complex'. This was said by Andrea De Gennaro, commanding general of the Guardia di Finanza, at the Trento Economy Festival' organised by Sole 24 Ore with Trentino Marketing at the panel entitled 'Submerged economy, the other face of Italia'. "Rather than submerged economy, we speak of the undeclared, in fact we distinguish between the submerged of those who do not pay the taxes due and are total evaders and those who are total evaders but because their wealth and income come from illegal activities. These are two different aspects of the same phenomenon. The ideal mix at the moment is to combine prevention with repression. Not only controls, but doing prevention can mean, for example, a simplification of obligations' with 'less bureaucracy'. On the repression side, 'controls must be carried out predominantly by being able to identify new forms of illegality. An important recourse is the use of technology, with great sharing with other institutional actors. For years, in fact, there has been a strong sharing of activities with other institutional actors, in particular the tax revenue agencies,' he added.

21 May 2026

At the Trento Festival of Economics between business and social issues

International trade with the tariffs imposed by the United States, the social economy and agriculture. These are some of the topics that will be addressed during the second day of the Trento Festival of Economics organised by the 24 Ore Group and Trentino Marketing on behalf of the Autonomous Province of Trento. Representatives of the government will be in attendance, with ministers Nello Musumeci, Alessandra Locatelli and Francesco Lollobrigida. In the evening, the Minister for the Economy Giancarlo Giorgetti is expected to speak. The focus will be on artificial intelligence and data centres, with analysis on the energy sources front. The topic of young people is always in the foreground. It will be addressed by Gabriele Fava president of Inps and Corrado Passera. The leader of Italia Viva, Matteo Renzi, is also expected in Trento and will talk about the reforms made, those not made and those to be made. And finally, the revolution in infrastructures with Fabrizio Palermo managing director and general manager of Acea.

21 May 2026

Ravasi: 'Find the strength to be open to the words of the young'

Il cardinale Gianfranco Ravasi alla Cerimonia inaugurale del Festival dell’Economia di Trento

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