“The Italian Parliament is not in a position to to approve” the ratification of Mes. The Minister of Economy said this, Giancarlo Giorgetti, in a press point at the end of the Ecofin council. “What’s new is that for the first time Gramegna has made some reflections, evidently also taking into account the criticisms that we have always made to try to change it and bring it towards a use such as a European sovereign fund, for example in terms of defense , perhaps preventing individual national states from having to go into debt or spend at a national level”, he highlighted, underlining that it is however “a discussion that has only just been outlined” which “has met with a lot of resistance from almost all countries, especially the Nordic ones”. “So there’s not much hope of ratifying it any time soon? Let’s say that in the short term it is impossible. In the long run it depends on whether it changes, whether it improves, whether it changes nature,” added the minister.
According to Giorgetti, introducing the topic of ESM ratification at this time is like “vaguely throwing away a bit of salt on the wound and therefore improper.”
