The debate on the matter resumes today in the Chamber stability Law and the deputies have to deal with the issues left unresolved by the Senate. The hottest concerns the so-called plan for the Southwhich has yet to take shape. According to the latest rumors, there are at least three hypotheses for intervention on the table of the Ministry of Economy:
1) un tax credit automatic 10% for companies investing in the South;
2) the increase 160% of super-depreciation for companies that will purchase machinery and equipment in 2016 (at the moment, the maneuver introduces the incentive throughout the country for a share equal to 140% of the purchase price);
3) the maintenance of 100% hiring bonus also for next year (the Stability law provides that the relief is reduced by 40% for those who hire from January XNUMXst).
Among these options, the first is the most likely, not only because it would be added to the super depreciation of 140% already envisaged throughout Italy, but above all because, unlike the other two measures, it should not be communicated in advance to the European Commission for the assessment of aid of state.
On the other hand, the community executive itself plays a decisive role in the fate of the manoeuvre. In the spring, Brussels will decide whether to grant our country the additional payments margins of flexibility requested by the Renzi government. At the moment, the clause most in the balance is the one that concerns the migrant emergency: if the Commission deems it applicable, it will allow our country to increase the deficit by 0,2% of GDP and this means that next year the government will be able to borrow for other 3,3 billion euros.
Of this sum, the Premier has already made it known that he intends to allocate one billion to security and one billion to culture. This is probably a prudential assessment, in the hypothesis that Europe does not grant all the additional room for maneuver requested by Rome. If the green light is complete, the Italian government will have cash a hoard of another 1,3 billion.
To date, however, the deputies are forced to finance all the new proposals to amend the maneuver with i 150 million euro left as a dowry by Palazzo Chigi and the Treasury. This sum does not allow for intervention on almost any of the still open issues (from public workers to flexibility on pensions), so in the Chamber any change to the Stability law will have to take place with substantially unchanged balances. But getting back to what?
