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Giorgetti: “We are working on an agreement in the interests of Italy and Europe”

The minister attends a hearing before the budget committees of the Chamber of Deputies and the Senate on the revision of the European Stability and Growth Pact

Rome, 5 December 2023 – “We cannot be asked to go against Italy's and Europe's interest”, said Minister of Economy and Finance Giancarlo Giorgetti today in a hearing before the budget committees of the Chamber of Deputies and the Senate, outlining Italy's position on the revision of the European Stability and Growth Pact. A “logical and coherent” position, underlined the Minister, “aimed at reaching a reasonable agreement” that will have to be supported by the 27 EU Member States.

We have to establish fiscal budget rules that are consistent. In the face of challenging rules, we can somehow agree, but I don't think we can honestly agree with impossible rules. To be serious means one thing,” the Minister added, “making commitments that can be kept”.

We have insisted a lot on investment,” pointed out Giorgetti, “and Europe cannot expect to be competitive in the global context without investing. It is up to Europe to decide. Should it decide to take up the great political and strategic challenges of our time, thus also investing in defence and the sustainability of the planet, it must make budgetary choices that allow these objectives to be pursued”, concluded Giorgetti.

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Giorgetti: “We are working on an agreement in the interests of Italy and Europe”

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Hearing of Minister Giorgetti on the Stability and Growth Pact | 5 December 2023

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