Gas, Franco: “Independence from Russia by 2024 but we are running”


The Minister of Economy, during the Ambrosetti Forum in Cernobbio, warns: “In 2022 the country bill could rise to 100 billion”. And he adds: “The possibility of fiscalizing the increase in the cost of energy finds limits in our public budget with very high debt and tendentially increasing interest rates”. The government will intervene with a decree next week, but “chasing” the price increase is no longer enough

“This year we have tried to accelerate by aiming to achieve independence from Russian gas by 2024, but in reality we are racing to do so even sooner if possible.” This is said by the Minister of Economy, Daniele Franco, during the Ambrosetti Forum in Cernobbio. “The prospects”, however, “are immediately problematic”, he stresses, explaining that “we have a slowdown in the world economy compared to previous revisions, we have the question of gas and energy prices and a progressive increase in the rates of ‘interest”.

“Completing the PNRR is essential”

On the PNRR, the minister then clarified: “The production costs of the works are rising and we will have to find financing methods to be able to build all the planned works”, underlining that “completing the construction of the PNRR is fundamental”. “I believe – he added – that it is unthinkable to rewrite it, because it would be a way to block its realization “.

“In 2022 the country bill could rise to 100 billion”

Meanwhile, Franco explains, “there is a debate on the functioning of the European energy market. More generally on the role of the marginal price in the energy market ”. “It is clear – he added – that we are transferring part of our purchasing power abroad. If we look at the country’s energy bill, i.e. how much net energy imports cost, we see that in 2021 it was 43 billion and in 2022 it could rise to 100 billion. An increase of 60 billion means about 3 points of GDP and means an outflow of resources from Italy to foreign countries “.

“Dl next week, but budget limits”

Still on the energy issue, Franco specified that “the possibility of fiscalizing the increase in the cost of energy finds limits in our public budget with very high debt and tendentially increasing interest rates”. He then confirmed that the government will intervene with a decree next week but that “chasing” the price increase is no longer enough. “The important point is to reduce the price”, he added referring to the “debate on the role of the TTF” underway in Europe.



Source-tg24.sky.it