Effective coordination of economic policies and multilateral budgetary surveillance - Speeding up and clarifying the implementation of the excessive deficit procedure – amending Regulation - Requirements for budgetary frameworks of the Member States – amending Directive (joint debate – Economic governance)
Mr President, Commissioners, ladies and gentlemen, in order to change Europe in deeds and not in words, it is first necessary to radically change the Treaties, starting with economic governance. But the new version of the pact, instead of promoting a real investment policy, proposes reforms still animated by punitive objectives and a strongly pro-cyclical system dictated only by the deficit-to-GDP
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Proposals of the European Parliament for the amendment of the Treaties (debate)
Mr President, ladies and gentlemen, the proposal to reform the Treaties is the result of the work of a small group of Members of the majority, meeting behind closed doors for over a year, with my group on Identity and Democracy, deliberately excluded from the outset: An excellent example of democracy! The result was a model of a Europe with more powers and competences for the Union and, above all,
Madam President, Commissioner, ladies and gentlemen, the Green Deal will cause enormous problems, especially in the area of enforcement. Moving from a fossil-based energy system to one based on electrification will lead not only to the restructuring of the entire energy infrastructure, but also to a complete overhaul of supply chains. The energy transition, as desired by the European Commission, w
Mr President, ladies and gentlemen, micro, small and medium-sized enterprises are the backbone and irreplaceable pillars of the European industrial fabric in the Community's economies. For example, in Italy – which, I recall, ranks second in the ranking of manufacturing enterprises among the 27 Member States – micro, small and medium-sized enterprises even account for more than 99% of the total. T
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Revision of the Stability and Growth Pact (debate)
Mr President, Commissioner, ladies and gentlemen, in one minute I can only reflect on the reform of the Stability and Growth Pact. In the reform, the Commission will have enormous powers in determining the economic policies of national governments, far superior to the previous pact, not even involving this Parliament, which, I recall, is democratically elected by universal suffrage, as are the res
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Markets in Crypto-assets (MiCa) - Information accompanying transfers of funds and certain crypto-assets (recast) (debate)
Madam President, Commissioner, ladies and gentlemen, after a long and intense negotiation both in the ECON Committee and in the trilogue, we have arrived at the text of the regulation on (MICA), where a very great and excellent work has undoubtedly been done. However, I would like to highlight some critical issues. The European Union is the first to introduce rules in this area, with the risk, how
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Failure of the Silicon Valley Bank and the implications for financial stability in Europe (debate)
Mr President, Commissioner, ladies and gentlemen, given that the current US banking crisis currently has very different contours from the previous ones, we cannot help but highlight these considerations. First: the failure of the Silicon Valley Bank It was triggered by the default of a financial and banking platform linked to crypto assets. Are we sure that the European banking system is free from
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European Semester for economic policy coordination 2023 - European Semester for economic policy coordination: Employment and social priorities for 2023 (debate)
Madam President, Commissioner, ladies and gentlemen, the Commission's proposal of 9 November and the subsequent debate on the revision of the Stability Pact continue to focus on public debt while completely ignoring private debt, which has shown greater responsibility for the causes of crises in the past. How many countries in the eurozone and the world meet the 60% of public debt/GDP limit? Very
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Access to strategic critical raw materials (debate)
Madam President, ladies and gentlemen, Commissioner McGuinness, as part of the Fit for 55 package of proposals, we have already noted that the ideological approach taken so far to the energy transition creates potentially devastating distortions, in particular in terms of increasing costs for businesses and households already affected by the pandemic and the war. Today, however, we are discussing
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European Central Bank - annual report 2022 (debate)
Madam President, ladies and gentlemen, Madam President Lagarde, Madam Commissioner McGuinness, in commenting on the ECB's 2022 report, it is necessary to point out that the current increase in inflation is due to the sudden rise in the prices of energy products and commodities, not only because of the war, but even earlier because of the previous choices on green policies, which are not sustainabl
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Towards equal rights for persons with disabilities (debate)
Madam President, ladies and gentlemen, I will speak as a simple parent of a boy who is 100 % disabled and not as a Member of this Parliament, and for one minute I will ideally be the father of all disabled people who cannot be here. I have carefully read the report 'Towards equal rights for persons with disabilities' and I wonder why all the European institutions have never paid full attention to
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System of own resources of the European Union (debate)
Mr President, Commissioners, ladies and gentlemen, I would like to remind this House that the vast majority of European citizens are of the opinion that 'grants', as provided for in the Recovery Fund, mean resources given away, that is, materialised out of thin air thanks to the European Union, whereas in reality they are obtained through so-called own resources. It would therefore be appropriate
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Keep the bills down: social and economic consequences of the war in Ukraine and the introduction of a windfall tax (debate)
Mr President, ladies and gentlemen, in the face of the problems that have arisen since the invasion of Ukraine, our disappointment is with the Commission, because it has not previously carried out a study on the social and economic impact that would have been generated as a result of the additional impetus given to the increase in prices and the cost structure of businesses. I believe that the Com
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Implementation of the Recovery and Resilience Facility (debate)
Madam President, ladies and gentlemen, Commissioner Gentiloni, I believe that this is the case at present. First: a modest growth impact as a result of planned investments, as well as in the working group on the RRF, and too bureaucratic procedures. Second: too stringent conditionalities and lack of flexibility to obtain funding, which have led many member countries to use deficit spending instead
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The call for a Convention for the revision of the Treaties (debate)
(IT) Mr President, ladies and gentlemen, the Conference on the Future of Europe was intended to open a debate on the real causes of the crises that have hit the Union in order to make it sustainable, instead of proposing mechanisms to circumvent Parliament, legitimising initiatives in the interests of some and to the detriment of others, since the most debated Treaty change involves overcoming una
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Minimum level of taxation for multinational groups (debate)
Madam President, Commissioner, ladies and gentlemen, as an Italian and as a taxpayer, I can only agree with the directive which finally introduces minimum taxation for multinationals and, therefore, should only be considered as a starting point and not a point of arrival. In fact, 15% is still too low a threshold compared to the taxation that is applied to companies resident in the Union and that
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European Semester for economic policy coordination: annual sustainable growth survey 2022 – European Semester for economic policy coordination: employment and social aspects in the annual sustainable growth strategy survey 2022 (debate)
Madam President, Commissioners, Minister, ladies and gentlemen, how much longer will we have to wait for even the most diehard advocates of rigour and austerity to convince themselves that we are at the last resort to change all the Union's failed economic governance? How much longer will we have to wait to see all the automatic mechanisms, starting with the Stability Pact, ending their harmful ef
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State of play of the RRF (Recovery and Resilience Facility) (debate)
Madam President, Commissioners, ladies and gentlemen, Table 2 on page 7 of the ‘Recovery and Resilience Dialogue with the European Commission’ forecasts country-by-country GDP growth due to NGEU, from 0.4/0.7% to 2026 for Germany and Austria and 1.5/2.5% for Italy to 2026 and for Spain to 2024. This means that at best the growth generated is estimated on average at 0.14% per annum for the former a
Mr President, ladies and gentlemen, Commissioner, I have listened with great interest to all the speeches of my colleagues and I broadly agree with them. Yes, Western countries and Europe have done and have done a lot compared to the past, but the problem, in my humble opinion, is another: If we do not succeed in involving all the countries of the world, I say all, no one excluded, starting from C
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Increased efforts to fight money laundering (debate)
Mr President, Commissioner McGuinness, ladies and gentlemen, it is difficult to make a very detailed speech in one minute, but I would like to say something that I believe is important to all European citizens. You see, our voters are asking us: why when we pay, perhaps for the pocket money to go to eat a pizza or a hamburger, to our children and we make the transfer on a prepaid card, even for on
Madam President, ladies and gentlemen, if the Banking Union means the transfer of supervisory responsibilities from national to European authorities, it is not clear why there are still some very strong discriminations. In fact, there are asymmetries to the detriment of commercial banks that operate essentially to support the real economy, that is to say to the advantage of the production system,
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Reversing the negative social consequences of the COVID-19 pandemic (debate)
Mr President, Commissioner, ladies and gentlemen, the economic contraction caused by the pandemic has had a dramatic social and employment impact throughout the European Union, especially in some economic sectors. The current regulatory framework is clearly insufficient: there is a great need for flexibility and cooperation with Member States, even at the cost of postponing other ambitious targets