Finance

Giorgetti: 'Employers do their part, increase wages'

Economy Minister comments on possible 'political objections' to the merger

Il ministro dell'Economia Giancarlo Giorgetti si pronuncia sul progetto di fusione Crèdit Agricole-Bpm

2' min read

2' min read

"I have no political objection, I have a law that I have to enforce, as I have enforced it on others I will enforce it on them. There is a law and it applies to everyone'. This is how the Minister of the Economy, Giancarlo Girogetti, responds to a question on possible 'political objections' to a eventual merger between Banco Bpm and Crèdit Agricole, entering the Senate. And to the question whether he also hypothesised a use of golden power: 'I'm referring to the law, that one there'.

Let's recover stopped public contracts, private parties play their part

"Regarding salaries, in the public sector we have recovered contracts that were at a standstill, in a crazy backlog, from schools to the armed forces. We are renegotiating contracts to keep up. The invitation I feel like making is for the private employers to also do their part and recognise salary increases for workers'. So said Economy Minister Giancarlo Giorgetti, in the Senate chamber on the bipartisan resolution on the Dpfp.

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FMI is stimulating, nice to exceed its always ultra-prudent estimates

"The IMF lives in a comfort zone, it does not measure itself against the people and can afford to impart recipes that historically have not always worked. It is, however, a useful stimulus, also because it is nice in reality to exceed the IMF's always ultra-prudent forecasts in terms of growth,' Giorgetti explained in reply at Palazzo Madama.

"It is not that I walk around with the trophy of the 80-point spread. I invite everyone to think about the fact that if it had remained at 250 as it was at the beginning of the parliamentary term, how much more interest would we have spent on the budget and less room for households and businesses? This is the result, which benefits not the government but all Italians'.

Instead of a superbonus motor, we chose rowing boat

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"The concept of sailing is dear to me. We could have used a motor boat stocked with superbonuses at full throttle and we would have gone very fast; we could have relied on a nice sailboat but these days, with the storms that are looming, perhaps it would not have guaranteed it; we decided to go ahead with a rowing boat, it is hard work but it is also green and I think we will all be happy'. The Minister of the Economy spoke on the sidelines of a film quote by the Lega Nord senator Massimo Garavaglia on tsunamis, big and small.

Crypto revolution and stablecoin problem

'I believe that the European institutions, starting with the ECB, must ask themselves how to deal with an epochal revolution in the phenomenon of cryptocurrencies and stablecoins,' reiterated Economy Minister Giancarlo Giorgetti, speaking in reply in the Senate Chamber.

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