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Pensions: Consulta rejects the stop of the revaluation, 5 billion sting for the Government

The Constitutional Court has rejected the rule that had established the block on equalization for pensions for 2012 and 2013 – According to estimates by the State Attorney's Office, the cost of the rejection would be almost 5 billion to be borne by the public coffers.

Pensions: Consulta rejects the stop of the revaluation, 5 billion sting for the Government

A decision, that of the Court, which risks having a disruptive impact on Italian public financesthe. According to the estimate of the State Attorney's office, the cost of the rejection would be around 1,8 billion for 2012 and around 3 billion for 2013, for a total of almost 5 billion euros.

According to the Court's ruling, "the interest of pensioners, especially holders of modest social security benefits, is aimed at maintaining the purchasing power of the sums received, from which the right to an adequate social security benefit derives". The right in question, "constitutionally founded, is unreasonably sacrificed in the name of financial needs not explained in detail".

Not a little trouble is opening up for the Government, which could change the economic policy and endanger the treasury, unless, after the Regionals, a way is found for robust cuts to the unproductive expenditure of the Public Administration.

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