The European Union flatly rejects the 2,4% deficit for 2019 forecast by the Def (Economics and finance document) by the Italian Government. This was written by Eurocommissioners Moscovici and Dombrovskis in a letter sent yesterday to the Minister of Economy, Giovanni Tria who in recent days had illustrated the cornerstones of the budget maneuver to the European Commission.
The two Eurocommissioners express "grave concern" for what they consider a "significant deviation" of the Def from European parameters and warn that, if the 2,4% deficit target for 2019 is not corrected in Parliament, the maneuver will be rejected and Italy will face the infringement procedure with inevitable effects on the rating of our debt that the agencies will release at the end of October and which could inflame the markets.
After the alert from Europe, the tension at the top of the government is palpable, also because the coverage for the expenses envisaged in the maneuver both for the citizen's income and for the launch of the flat tax and above all for the dismantling of the Fornero law on pensions are far from certain and, currently, there would be a shortage of 17 billion out of 40.
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But the leader of the Five Stars, Luigi Di Maio, who fears the downsizing of the allocations for the basic income, is not there and insists that the 2,4% deficit will not be touched, despite the Quirinale - after the visits of the President of the ECB Mario Draghi and the Governor of the Bank of Italy, Ignazio Visco - recommended great prudence to the Government to prevent both a head-on collision with Europe and a possible financial crisis. And the president of the European Parliament and n.2 of Forza Italia, Antonio Tajani, did not fail to brand the government maneuver as "insane".
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In reality, Cinque Stelle and Lega are shrugging their shoulders because the clash with Europe would be the leitmotiv of the next European electoral campaign, even if the Italians and above all honest taxpayers will pay the price who, after having regularly paid taxes, see themselves gold mocked by a fiscal peace, such as the one envisaged by the Def, which effectively provides for an amnesty without penalties and late payment fees payable in five years.
