Monday

22nd Oct 2018

Italian minister: The final decisions rest with the governments

"We shall be forced to revise the stability pact, because not only our own country but also France and especially Germany are at a risk of being unable to obey the obligations and to reach the goal of approaching a balanced budget," says Giuliano Urbani, Italian minister of culture, to Italian paper La Stampa, continuing:

"Rather than 'revision' I would prefer to call it 'interpretation', because the pact is not only about stability, but about 'stability and development': stability cannot be something absolutely static, if we only look after a rigorous balance we shall not secure the growth of the European economies, and the entire continent will get into a vicious spiral. It is necessary to change direction, e.g. by excluding investments from the expenses in the budget."

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Giuliano Urbani admits that such a policy would probably anger the EU Commission, but this does not worry him: "... in all the big issues on the European agenda the decision rests in the hands of the governments. This is true about the Convention and enlargement: in the end it is the national governments that decide. This is only logical, because they will be the ones to execute the reforms and to achieve the necessary consent from the voters, this being a problem that does not exist for a non-elected body like the Commission," he said to La Stampa.

Giuliano Urbani is a founding member of the party Forza Italia.

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