Italy and the European governance reform

Public debt sustainability must go hand in hand with the economic growth of Europe, which must be more equitable, inclusive and lasting. This is the main objective of the new Stability and Growth Pact which, after the tragic pandemic season, is to be launched by the European Union by the end of 2023. A topic of great political and economic interest around which the IMI Corporate & Investment Banking Division of Intesa Sanpaolo organised the event "Italy and the European governance reform" in Milan, attended by representatives of the Italian government, European institutions and the academic world.

Central to the discussion was the European Union's Communication on economic reform presented by the European Commission in November 2022. The contents of this Communication and of what emerged at Ecofin on 14 March, the development of the European relaunch plans and of the NRRP and the related implications for the sustainable growth of our country's economy were the topics discussed and explored during the event. The proceedings were opened by Jacques Moscianese, Group Head of Institutional Affairs at Intesa Sanpaolo, and by Marco Buti, Head of Cabinet of Economy Commissioner Paolo Gentiloni, and concluded with a speech illustrating Italy's position by Giancarlo Giorgetti, Italy's Minister of Economy and Finance.

Gregorio De Felice, Chief Economist at Intesa Sanpaolo, coordinated a discussion panel dedicated to "The rules of the game: why and how to change fiscal rules", with the participation of Cinzia Alcidi, Director of Research, Head of the Economic Policy and Jobs & Skills Unit at CEPS, Carlo Altomonte, lecturer in European Economic Policy, Bocconi University of Milan, Massimo Bordignon, lecturer at the Catholic University of Milan and member of the European Fiscal Board, Veronica De Romanis, lecturer in European Economics, Luiss Guido Carli and Stanford University.