For investments "the total level of resources allocated in 15 years amounts to 150 billion euros, of which about 118 billion can be considered immediately activated". This was stated by the Minister of Economy, Giovanni Tria, on the occasion of a conference on public-private partnership at the MEF.
Since 2008, continued the number one of the Treasury, "the expenditure for gross fixed investments of public administrations has decreased by a third, from values of 3% of GDP it has decreased to 2% which means having lost 30%".
The minister underlined that the resources are there but “it is difficult to implement them. We need to improve procedures, streamline the processes of ministries and local authorities. There is no shortage of resources but the planning capacity is lacking. For works up to 100 euros, implementation can take up to 2 years and up to 15 years for works over 100 million. This concerns not only strategic works, but all works”.
According to Tria, “we need to strengthen the technical capacity of the public administration responsible for attracting investments and partnerships can be a useful tool. From the first days of my inauguration, I have supported the need to put both public and private investments into the field. In this way the theme of today's employment is tackled and the productive capacity is built with which the work of future generations will be built”.
Meanwhile, from Consob number one, Mario Nava, comes an appeal to "think of a European IPO mechanism for the future", a unified system on landings on the stock exchange in the Union. According to Nava, who spoke at a speech in connection with the institutional investor day organized in Rome by Febaf, “until before Brexit there was a dominant market, London, which implicitly created a dominant harmonization. Now, given that there is no natural alternative to London, but the alternative is represented by a union of different markets, integration becomes even more important”.
The head of Consob cited Spotify as a school case: "It was listed on Wall Street and if it had tried to do it in the EU it would have been much more complicated, involving more authorities and perhaps even languages".
