Michele Geraci già sottosegretario al Ministero dello sviluppo economico nel Governo Conte I, è un economista e politico italiano, docente alla New York University di Shanghai e alla Business School della Nottingham University. Promotore dell’accordo bilaterale di partnership italo-cinese per la costruzione della Via della Seta 2.0, illustra al FT le sue posizioni sul MES che aveva anticipato al Nodo di Gordio nell’intervista al chairman del “Nodo di Gordio”, Daniele Lazzeri, sulla manovra economica di sostegno alle impese del governo e sui futuri sviluppi della tecnologia 5G.
Italy’s prime minister faces an invidious decision over whether to tap Europe’s bailout fund as he balances increasingly toxic domestic politics against the possibility of teeing up extra firepower to tackle the country’s mountainous borrowing requirements. Ahead of a crucial EU leaders’ summit on Thursday, Giuseppe Conte has sent mixed messages over whether Italy will draw on precautionary credit lines from the €500bn European Stability Mechanism. His prevarication reflects divisions within his fragile governing coalition and a recognition that sustained campaigning by Eurosceptic Italian politicians has stained the ESM’s reputation among his electorate. EU leaders are expected to sign off on the use of the ESM at a video conference summit on Thursday, as part of a €500bn package of emergency coronavirus-fighting measures. Resistance from Germany, the Netherlands and other northern member states will probably prevent Mr Conte and his allies from winning the prospect of mutualised debt issuance — dubbed “coronabonds” by some. This leaves the Italian premier facing an unenviable political situation at home. Debate in Italy about the merits of using the ESM has become deeply intertwined with the country’s complex domestic politics, with Mr Conte’s opponents arguing the mechanism would compromise Italian sovereignty, even if the money came with the lightest of conditions. Matteo Salvini’s populist League has repeatedly attacked Mr Conte for even considering use of the ESM, accusing him of betraying his own country and the futures of its youth. Mr Conte himself, under repeated heavy shelling from the country’s political right, has flip-flopped on the issue, saying at different points he would be open to accessing the ESM and at others that he would never do so.
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