It falls, it doesn't fall… But what happens if it falls? The fate of the Letta government keeps the markets and beyond apprehensive. The possible crack of the majority makes Piazza Affari slide today, the worst among the main European Stock Exchanges. Not a good omen in view of tomorrow, when a new round of Treasury placements will start. The fear is that the umpteenth wave of speculation against our debt will cause deadly wounds to the public finances, above all because in the next four months it will be necessary to refinance government bonds for over 122 billion.
But there is not only finance. If the team of broad agreements were to raise the white flag - due to disagreements over the Imu or the vote for Silvio Berlusconi's dismissal from Parliament - together with her it would also miss a series of economic interventions planned for some time, postponed for months and now urgent . Here is a short list:
IMU
The Pdl wants to completely abolish the tax on first homes, while the Democratic Party would like to reformulate it in order to lighten the levy on the less well-off, considering the lack of resources available. In the absence of an agreement in the next 48 hours, the government risks collapse. And if that were to happen, the result would be paradoxical: Italian taxpayers would have to pay the much-hated tax exactly like last year. Indeed, with an extra difficulty, given that the first and second installments would be much closer.
EXODATIS AND STILL INTEGRATION
The Minister of Labour, Enrico Giovannini, assures that the decree to refinance the redundancy fund with 1,5 billion is ready. At the moment, however, even this green light is at risk. Furthermore, the provision to resolve the situation of the last 20-30 thousand expatriates should also arrive by September.
VAT INCREASE
If no new interventions arrive next month, the third VAT rate will rise from 21 to 22% from XNUMX October. Just to postpone the increase to the beginning of the new year, one billion euros would be needed immediately.
HOUSE FLOOR
An intervention by the Cassa Depositi e Prestiti is also being studied to guarantee five billion euros in bonds issued by banks in favor of the real estate market, as well as relief for rents and simplified mechanisms for accessing the fund for young couples.
SECOND DECREE OF FARE
Finally, a new installment of the Fare decree is also included in the government construction site. The new package of measures could intervene on various issues: access to credit through bonds, debt-credit compensation, the cost of electricity and EIB funds for research projects.
