What has just ended is certainly a week to remember for Prime Minister Matteo Renzi. Not only did he manage to get the Senate to approve the law provision on civil unions, which had been awaited for over thirty years and which now has the way paved in the House, but he also laid the foundations for winning the battle on the flexibility of public finances in Europe.
For Renzi, the result of the pax signed at Palazzo Chigi with the president of the European Commission Juncker is more than positive: flexibility on public accounts for 2016 but also for 2017, no corrective measures for this year (but simple administrative interventions for 2 or 3 billion) and no infringement procedure on the debt which will thus prevent Italy from a maxi-maneuver of 25 billion which would have involved a sting and upset the tax reduction plan promised by the Government for the end of the legislature.
The postponement of the public debt parameters to 2019 thus paves the way for the longed-for cuts in IRES for businesses and in Irpef for workers and pensioners for next year, as Renzi has repeatedly promised. A goal that will allow the prime minister to wager on the tax cut in the middle of the electoral campaign if, as it seems, the political elections are held at the natural deadline of 2018.
