ROME – Italian PM delays decision on EU bailout fund, again

Italian Prime Minister Giuseppe Conte has deferred a decision on the use of the European Stability Mechanism (ESM) until “after the European negotiation on the Recovery Fund is finished”.

In Italy, the ESM is a divisive issue as the two ruling parties don’t agree on its use. Even within the parties, there is disagreement, as some Five-Star Movement (M5S) members are open to it as long as it’s allocated without conditions.

“It is legitimate to open the debate on the use of ESM to the public”, said Prime Minister Conte, adding that “when we’ve finished the European negotiations, then we’ll evaluate our options with transparency, taking into account every opinion.”

Meanwhile, Conte said that “Italy will be able to recover by itself” from the next crisis, in a response to an interview released by Dutch Prime Minister Mark Rutte.

Rutte remarked that “it is crucial that Italy will be able to react to a crisis by itself next time” when asked about his aversion to the balance between grants and loans in the proposed EU Recovery Fund. (Alessandro Follis |

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