Giorgetti: ‘With energy prices like these, it’s impossible to compete internationally’
The Minister for the Economy: the trust built up over recent years has enhanced our credibility
Key points
- Giorgetti: the trust built up over recent years has enhanced our credibility
- “Watch out for Federacciai – it’s impossible to compete with these energy prices”
- Energy: Urso says a ‘return to the future’ with nuclear power is needed to tackle the crisis
- Pensions: Durigon calls for a more structural approach to be considered for those aged 64 and over
- “A delay in calling the trade unions? I don’t see it”
The government is staying firmly on course to keep the public finances in balance. This is at the heart of the budget bill now before the Chamber of Deputies for its first reading. This point was emphasised by the Minister for the Economy, Giancarlo Giorgetti, who spoke on Wednesday 11 November via video link at the event ‘Il Paese che cambia – Leadership Forum – Made for Italy’, held in Rome at the Scuderie di Palazzo Altieri. “One of the problems is the impact these international crises have on energy costs,” said the Minister for the Economy and Finance. “With energy prices at these levels, it is impossible to compete internationally.”
From the 2027 Budget Law to artificial intelligence, from industrial policy to energy, right through to employment, infrastructure and geopolitics. The decisions that will shape Italia’s competitiveness and future are the key topics at the heart of the meeting. After Rome, the Forum will visit Milan, Florence, Siena and Naples. Each stop will be accompanied by analyses and summary documents, to foster dialogue between institutions, businesses and the research community on investment, innovation and employment.
The Forum was established to bring together scientific analysis, public policy decisions and business experience, identifying the practical conditions needed to support the country’s economic and technological transformations. The discussions will contribute to the production of analyses and summary documents that will be useful to institutions and the business sector. The conference was opened by Stefano Lucchini, Chief Institutional Affairs and External Communication Officer at Intesa Sanpaolo, and by Federico Silvestri, Chief Executive of the Il Sole 24 Ore Group, which is the initiative’s media partner.
Giorgetti: the trust we have built up over the years has enhanced our credibility
“The trust we have built up over the years amongst Italian and international savers has enabled us to enhance our credibility and to be held in even higher regard at international and European level,” emphasised Giorgetti. The minister referred to Italia’s public debt and the interest the country has to pay.
Italia, Giorgetti added, needs to stabilise the energy cost situation “and this is something we reiterate at every international forum”. Furthermore, in the view of the Minister for the Economy and Finance, it is necessary to have “fairer rules for international trade – that is, more transparent ones – and to eliminate forms of unfair competition which, in certain areas and certain countries, completely disrupt the markets. “These are two areas to which we are committed, and we are also committed to encouraging decisions that do not depend solely on us,” said Giorgetti.
