What Giovanni spoke about.

Madam President, ladies and gentlemen, the issues of tax simplification and harmonisation are fundamental when we talk about the competitiveness of our companies. For example, in Italy we have just transposed the "global minimum tax" to bring the principle of tax harmonisation in the field of corporate tax. We agree, for example, with the fact that start-ups ‑up could be the right target of this i

Mr President, even if the initial objectives were clear and shareable – that is to revive the securitisation market, during the legislative process we faced an approach that was more ideological than real. European securitisation has default rates lower than those of sovereign corporate and financial bonds. Nevertheless, they continue to be treated as a risky asset because of the financial crisis

Madam President, ladies and gentlemen, the main objective of the Savings and Investment Union is to channel the enormous private savings that lie on our current accounts today, and to achieve this objective financial education certainly plays a fundamental role, as it allows us to understand the mechanisms underlying the market economy and, more than anything else, to understand that a lack of inv

Madam President, ladies and gentlemen, I congratulate the rapporteur on the very agreeable concepts that he has managed to include in this report, such as the assessment of projects on the basis of objective and transparent criteria, such as carbon emissions throughout the life cycle of the product or installation, or the concern expressed about the ESG reporting requirements – which are, in fact,

Madam President, ladies and gentlemen, the integration of the capital market is a primary objective for the European Union, because too many billions continue to be invested outside the Union every year and even more still remain the billions that remain stationary on bank accounts. It is therefore important to work quickly and effectively but with a timeline realistic for negotiation

Madam President, ladies and gentlemen, we believe that this InvestEU proposal is going in the right direction. For too long we have sacrificed our competitiveness and therefore every step towards simplification is a step in the right direction. We welcome less reporting, less burden and less overall bureaucracy, just as we welcome anything that changes investment in what are the big, unavoidable p

Mr President, ladies and gentlemen, we are going to support this document on tax legislation because we believe it is going in the right direction. Shareable objectives are set, such as removing both obstacles to cross-border investment in the European Union and obstacles to the realisation of a genuine single market. It is therefore proposed to achieve these objectives by prioritising regulatory

Madam President, ladies and gentlemen, with this document we are finally beginning to become aware of the fact that Europe is falling behind, with the consequent risk of becoming irrelevant if strong political action is not taken. It also recognizes, albeit belatedly, the role that competitiveness, productivity and economic growth must have, underlining the importance of investment and the fact th

Mr President, ladies and gentlemen, in its strategic guidelines presented last year, the European Investment Bank focused on eight political priorities. The first of these priorities states that financing the green transition and supporting climate action is the number one strategic priority of our time to ensure sustainable growth, competitiveness, strategic autonomy and security, thus giving the

Madam President, ladies and gentlemen, I would like to begin by thanking our rapporteurs for including our sensitivities in the report on the implementation of the Recovery and Resilience Facility, and I would also like to thank Executive Vice-President Fitto for his great work in organising, managing and, above all, programming this crucial spending chapter. We have before us challenges that are

Madam President, ladies and gentlemen, as the Governor of the Bank of Italy and later President of the Italian Republic, Luigi Einaudi, taught us a century ago, it is the market that defines the number of banks and their size. And looking at the European banking system, characterized by a large number of small banks, we realize that it is the national banks, and in many cases the regional ones, th

Mr President, Commissioner, ladies and gentlemen, we know the reasons for speeding up the Union of Savings and Investment: We have a propensity to save in the eurozone that is more than double that of the United States. Only 30% of this savings is invested, while 70% remains on current accounts, also because of our bank-centric system, which sees 70% of funding coming from banks and only 30% from

Mr President, Commissioner, rapporteur, ladies and gentlemen, the role of the European Semester is to coordinate the economic and budgetary policies of the Member States, thus having a very strong impact on the macroeconomic stability of the Union. And although this set of procedures is born to counter the sovereign debt crisis in the Eurozone, today the macroeconomic contingency in terms of ratin

Mr President, ladies and gentlemen, Commissioner, we have read so many words in this compass on competitiveness. Some of us share them, such as the admission of certain faults or the introduction of the principle of technological neutrality, which would be necessary to safeguard the car industry. However, there are no concrete indications of what would be targeted decisions that would allow the Co

Mr President, Madam Vice-President Ribera, ladies and gentlemen, if today we are to talk about the impact that the Green Deal has had on European competitiveness, as an Italian I cannot fail to mention the very serious crisis that the car sector in my country is facing because of the Green Deal. Car production in Italy in 2024 has dramatically stalled at 300 000 units, a decrease of 45% compared t

Madam President, ladies and gentlemen, Commissioner, an important G7 on defence has just come to an end, in which there was a strong call for support for the UNIFIL mission in Lebanon, a mission which we obviously share, since the presence of UNIFIL represents the only real concrete commitment to implement Resolution 1701. There was also a strong condemnation of Iran's attacks on Israeli soil and,

Mr President, ladies and gentlemen, Commissioner, let me begin by strongly stigmatizing what one of my fellow countrymen has just heard about abusive occupations, because these are words that are not worthy of this Parliament and must be strongly condemned. That said, the construction sector is facing a general increase in costs: construction costs increase, mortgage rates increase and rents incre

Madam President, Commissioner, ladies and gentlemen, it seems to me that the crisis in the car industry is before everyone's eyes. However, to understand what are the causes, I advise you, colleagues, to analyze well the macro sectors involved. On the supply side, contrary to what some colleagues have said, we see car manufacturers strongly asking to give up and revise the 2035 deadline. This is b

Mr President, Commissioner Simson, ladies and gentlemen, reading the report on the State of the Energy Union, we agree that energy policies are crucial for the competitiveness and security of the European Union, but we do not agree at all that this energy transition is the key to secure, competitive and accessible energy, as we see written. First of all, we are concerned about the deadlines for th