Therefore, if the EU guarantees the 1956 projects presented by Italy "for spillways for floods and barriers against instability", which alone cost between 5 and 10 billion euros, could start immediately, thanks to the credit of the Cassa . Furthermore, the EU should also guarantee the application of the flexibility clauses envisaged in the treaties, in the face of a very tough economic situation, to which must be added the intensification of the phenomena of hydrogeological instability”.
Bassanini wanted to clarify that the role of the Cassa is that of "financing the investments of the State and local authorities through the money of savers, who buy its products (passbook savings accounts and savings bonds) at the post office counter, and the collection made on the markets with the issuance of bonds. Therefore debts that he must repay with interest”.
However, the Cassa can, in any case, “act as a driving force or catalyst for private loans. With 500 million European resources, investments of 5 to 10 billion could be activated”.
