on the Occasion of an interview of German Chancellor Angela Merkel (CDU) has made the Italian head of government, Giuseppe Conte it clear that he wants to be in the current economic crisis, Germany has no requirements to make. “I’m the one who keeps the books,” said Conte. Merkel had urged in the “süddeutsche Zeitung” that Italy may make use of all of the EU provided aid instruments, including the European stability mechanism, the ESM.
the views of Merkel have changed nothing, said Conte at a press conference. The books led but still he and his Minister of the economy. Italy prepare a recovery plan for yourself, took Conte more. In September of this should be presented. Merkel had said the “SZ” that the EU had not set up instruments such as the ESM, “in order to remain unused”. The decision is but in the case of Italy.
In Italy is split in the debate on the possible use of the ESM in the government coalition. The Five-star movement is against, while the coalition partner, the democratic party, is in favour of it.
Each country in the monetary Union on the ESM, on a low-interest loan in the amount of two percent of its economic output to fall back. Countries such as Italy, however, fear that an aid application to the financial markets interpreted as a Signal of massive financial difficulties and speculators on the Plan could call. Has shown so far in the crisis, no government of the European Union’s interest in the ESM help.
