Growth and employment. These are the keywords of the new Marshall Plan at stake to give new breath to the European economy. It's a pity that this time the funds will have to be found in Europe and it won't come from the United States. However, the final decision on which policies to adopt has been postponed until next month, when a Merkel-Monti-Hollande trilateral meeting is scheduled, before the European Council meeting on 28 June. But a common line emerged from the summit of the Big Eight, which met yesterday at Camp David.
While acknowledging that "the right measures are not the same for each of us“, the leaders of the eight richest countries in the world have pledged to “take all necessary measures” to fortify their economies. To support a "strong and united" eurozone, they said they wanted to keep Greece in the area. Plus the leaders want to focus on a greater stimulus to the European economy through a recipe that brings together "growth, stability and fiscal consolidation". "Our imperative", reads the press release, "is to promote growth and employment". "We are determined to adopt all the necessary measures to strengthen and reinvigorate our economies", which however "are not the same for each of us".
But above all the leaders are all in agreement on the abandonment of a policy of excessive rigor, promoted so far by German Chancellor Angela Merkel. For Europe, there was talk of concrete projects: Eurobonds, project bonds, the "golden rule", the increase in the capital of the European Investment Bank (EIB). There is awareness of the need to reduce the deficit and carry forward a package of reforms “which we hope to adopt in the European Council at the end of JuneMonti said at a press conference on the sidelines of the meeting. A package that "it won't have real effects in the short term", but will have it "on the opinion of the political forces and of Parliament", so that "the continuation of efforts for reforms" will be "shared" in the country as well.
Merkel and Hollande will be Monti's guests in June. This was announced by the Italian prime minister himself, declaring that he will first have a bilateral meeting with Francois Hollande and then a trilateral one with the new French president and with the German chancellor "in good time to be able to reconcile the positions of these three countries in view of the European Council of 28 and 29 June“. Monti then added that this is not "an exclusive meeting but serves to give an impulse that will extend to the entire European Union".
