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Recovery Plan, Assonime: "Stop current spending, more investments"

The governing council of the association of Italian joint-stock companies discussed the latest government measure to restart the economy: "The changes are good, but the reforms are lacking".

Recovery Plan, Assonime: "Stop current spending, more investments"

Government interventions to counter the economic emergency triggered by the Covid pandemic are useful and mandatory in this phase still characterized by activities that are forced to stop, even if the whole appears too fragmented to make a real contribution to the recovery. This is the general judgment expressed by Assonime, the association that brings together Italian joint-stock companies, on the occasion of yesterday's Board of Directors, chaired by Innocenzo Cipolletta. "The need remains - sustains a note issued at the end of the meeting -, in the longer term, to stop current spending which is growing at a rapid pace in favor of investments, necessary to sustain greater growth”.

The Board of Directors then discussed the latest version of the National Recovery and Resilience Plan (PNRR), sent by the Government to the Parliament. Assonime appreciated the changes made to the Plan, compared to last December's version, in particular the increase in the share of public investments. “However, there is still a lack of precise indications on the connection between investments and reforms, above all in the crucial chapters of the reform of the public administration and the simplifications necessary for ensure rapid implementation of investment projects“, says the Council. The Council also underlined the importance that the final project to be sent to Brussels is the result of choices widely shared in Parliament, in the state-regions-local self-government conference and with the main private players in the country. 

In view of the expiry of the second non-renewable term of the President Innocenzo Cipolletta, the Board of Directors took the opportunity to appoint the Wise Men's Committee which will be made up of the past presidents Luigi Abete, Vittorio Mincato and Maurizio Sella who will carry out the consultations to identify the candidates for the presidency of the Association. Lastly, the Board approved the admission of Cassa Centrale Banca SpA as a member company; La Doria SpA; Seri Industrial SpA; Ferrari – F.lli Lunelli SpA, Intrum Italy SpA.

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