Italian PM: European fiscal rules have to change

According to the PM, the EU should in the next few years create incentives for “investments, above all to favour the digital and ecological transformation”. [EPA-EFE/Riccardo Antimiani]

“There is no question that the European budget rules have to change,” Italian Prime Minister Mario Draghi told deputies during a Question Time session in parliament Wednesday.

“My line on this issue, not from today, but for some time is that the current fiscal rules are inadequate, were inadequate and are even more inadequate for an economy emerging from a pandemic,” said Draghi. “In the next few years, we will have to focus above all on a strong relaunch of economic growth, which is also the best way to ensure the sustainability of public finances,” the Italian prime minister added.

According to the PM, the EU should in the next few years create incentives for “investments, above all to favour the digital and ecological transformation”. 

“At the same time, the new rules must also aim to reduce the growing divergences between the economies of the member states and to complete the European institutional architecture,” he added.

On the topic of migration, which has resurfaced since a large group of migrants arrived on the island of Lampedusa, Draghi said that “we are committed to obtaining more intense collaboration from the countries of departure, in particular from Libya and Tunisia.” 

“An active dialogue is underway with Germany and France to revitalise the Malta agreement of 2019, applied regularly until the outbreak of the pandemic. Our goal is to immediately activate a temporary emergency mechanism for the relocation of rescued migrants in SAR operations, based on principles of sharing and solidarity,” he added. 

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