Mes, Visco: “From an economic point of view only advantages. The only problem may be the stigma linked to bad use or bad communication”

“From an economic point of view” a loan from the new pandemic credit line of My “Has only advantages: it is a loan at better conditions than those of the market, it is long-term, at good conditions and conditionality it is only spend the money in the industry for which this fund was designed “. While the secretary Pd Nicola Zingaretti, after the elections, the pressure increases for Italy to apply for 36 billion can be used to strengthen the sanitary system e Giuseppe Conte takes time, the governor of the Bank of Italy Ignazio Visco takes stock of real and assumed risks. “I don’t see serious problems using it,” he explains from the Trento Festival of Economics. “The only one it could be that of stigma, but that stigma is tied to a misuse of funds or a bad one communication. I wonder why one is afraid to show that he uses funds well: if he shows it he has greater ease of collection on the market at better conditions than those which now, although improved, are not yet close to Spain e Portugal“.

“To carry out operations of an infrastructural nature or of hiring of health workers e medici necessary and to strengthen local health, the three objectives we have set ourselves at this stage, it is clear that money is needed. They can be found on the market, they will cost a little more but they are on the market ”, Visco said. But “if one wants to release our commitment to the market and use these funds, it can be done, I do not see a serious problem: the only one could be that of the stigma, but that stigma is linked to a bad use of funds or bad communication . So these are the two elements. Certainly there is a problem if the countries that have commitments in the health field they don’t find a way to use these funds and then only one country remains to use it. For this we need to discussion in the context of European Council, and the heads of state and government must highlight the best ways to ensure that those who use these funds do so without suffering consequences ”.

When asked what priorities should be to be financed with the Recovery Fund, Visco warned: “We are living in a period in which there are many proposals, both those that the government has collected and those that are made by many groups, institutions and bodies. Every day I receive one or two documents; it is good that specific proposals from us do not come. There are, however, obvious delays as regards the ultra-fast long band, for which we have some of the lowest levels in Europe, and onl human capital on training and research “.

Furthermore “it is appropriate to work for the twelve o’clock, the problem of which concerns the country as a whole, along two fundamental lines. The first requires the strengthening of the production system, the second to focus on legality and the effectiveness of public action, both locally and centrally “. Visco recalled that “the times of public investments they are more or less double that of the center north, 30% of public investments are in the South and 70% of the works unfinished it’s in the South “.

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