Some people dream of the sea from their workstations, while others prefer to work while looking out the window every day. Palermo is becoming the Italian icon of this new work philosophy, drawing a growing number of digital nomads and remote professionals from all across Europe. According to Savills’ Executive Nomad Index, the Sicilian capital is currently the most preferred Italian destination for people who engage in so-called “South Working”. This tendency, which began and increased particularly during the epidemic, is still transforming people’s perceptions of employment. Palermo is popular because it offers a high quality of life at a reasonable cost: rents are relatively inexpensive, the climate is pleasant for the majority of the year, there is good food, adequate internet access, and a distinct cultural history. These features have propelled the city to twenty-second place in the world’s list of optimal locations for remote workers. International megacities such as Dubai, Abu Dhabi, Malaga, Miami, and Lisbon are increasingly solidified destinations for digital professionals. However, Palermo represents something different: a city with genuine charm, less polished and more accessible, capable of striking a unique balance between productivity and daily quality. Graphic designers, developers, social media managers, consultants, and creatives from the United States, Canada, India, Afghanistan, Mali, and Israel visit the Sicilian capital. Many people remain for a few weeks, while others stay for months or even relocate permanently. Historic districts, expanding coworking spaces, and a thriving cultural scene are transforming Palermo into a modest worldwide hotspot for flexible work.

News Source: 9Colonne

The post Palermo emerges as Italy’s capital of remote work by the sea appeared first on Good Morning Italy.

The United Arab Emirates has announced it will withdraw from OPEC and the wider OPEC+ alliance – which includes countries such as Russia – effective May 1, marking the end of more than sixty years of participation. The move signals a strategic realignment amid shifting geopolitical tensions in the Middle East.

In the medium term, the decision could prove beneficial for Italy’s economy. Freed from production constraints, Abu Dhabi may increase output by up to 700,000–900,000 barrels per day, introducing greater competition into global oil markets and weakening OPEC’s ability to sustain high prices.

For a country like Italy, which relies heavily on energy imports, this could translate into lower costs. Even a modest drop in crude oil prices – estimated at $5 to $10 per barrel – could generate annual savings of between €5 billion and €7 billion through reduced import expenses, lower energy bills, and decreased production costs for businesses.

News Source: 9Colonne

The post UAE to exit OPEC, potentially lowering energy costs for Italy appeared first on Good Morning Italy.

ROMA (ITALPRESS) – “The conflict” in Iran “has strongly accentuated the fragility of a global context already marked by geopolitical and commercial tensions. The interruption of traffic in the Strait of Hormuz has determined the suspension of supplies, a marked increase of the international quotations of hydrocarbons” and strong uncertainties on the future availability of ” raw materials, not only energy. The economic consequences will depend on the duration, the amount of damage on infrastructure and the times to restore supply chains.” Thus the representatives of Banca d’Italia, in audition at the Joint Committees Budget of Chamber and Senate on the Dfp.

“The response to energy shock should be limited to targeted interventions and limited entities and duration, preserving price signals, essential for orienting consumer choices and promoting more efficient use of energy and the transition to energy sources less exposed to geopolitical risks. As envisaged by the DFP, these interventions could find cover in the remodelling of other budget headings.”.

PROSPETTIVE CRESCITA BRUSCAMENTE PEGGIORATE DOPO INIZIO CONFLITTO

“In Italy, GDP grew by 0.5% in 2025, despite trade tensions triggered by rising US duties and accelerated geopolitical uncertainty. Some signs of improvement of economic activity in the second half of 2025 continued in the first two months of 2026. However, the prospects are sharply worsened after the beginning of hostilities in the Middle East.” Thus the head of the Economics and Statistics Department of the Bank of Italy, Andrea Brandolini.

“In March, the flow of orders of manufacturing companies has remained high, but the increased tensions on costs and the difficulties of supplying some productive inputs begin to weigh on the expected operating conditions. The net worsening of the climate of trust of the families could prelude to a greater attention in the purchases and to a weakening of the consumption expense – he adds -. Industrial production fell overall in the two-month period January-February 2026, especially in the sectors that had recorded the most intense growth the previous year, but overall in the first quarter the SME indices remained more favourable than at the end of 2025′′′.

QUADRO COERENTE CON NOSTRE STIME

“The Dfp prefigures a product growth of 0.6% both this year and next, which rises to 0.8% in the next two years; the inflation rate would increase to 2.9% in 2026, but would fall in the following years, in line with the expected evolution of the energy component. It is a pre-visual framework substantially consistent with the estimates formulated in April by the Bank of Italy, as well as with the indications of the main national and international auditors.”.

BENE PRUDENZA CONTI, MA NON SUFFICIENTE SENZA RIFORME

“The prudence in the management of public accounts and the desire to respect the new framework of European rules have been appreciated both by investors – with a marked reduction of the differential of performance between the Italian and German government bonds – both by rating agencies – and in 2025 have reviewed the assessment of the credit merit of the Italian state. Banks, businesses and families can benefit from these developments, which benefit from a lower cost of debt. However, the prudence in the management of public accounts will not be sufficient if it is not accompanied by a reform action that creates the conditions for innovation and productivity growth.”.

“The limited margins available derive, even before the rules of European governance, from the need to place the debt in relation to the product on a descending path. According to the DFP framework, this would happen from 2027. It would be a positive signal of great importance, even for the confidence of the savers and for the assessment that we give of our country on the financial markets”.

– Photo IPA Agency –
(ITALPRESS).

The post Dfp, Bankitalia “ Targeted interventions and content in response to energy shock” appeared first on Good Morning Italy.

ROMA (ITALPRESS) – The Assembly of SIMEST shareholders, the company for the internationalization of Italian companies of the Cassa Depositi and Prestiti Group (CDP), met under the chairmanship of Vittorio de Pedys, approved the budget as at 31 December 2025. During the year, the company managed by Regina Corradini D’Arienzo, in line with the strategies of the Group Leader CDP and under the guidance of the Ministry of Foreign Affairs and International Cooperation, in synergy with the other players of the Italian System – CDP, SACE, ICE – continued the activity in support of the foreign growth of Made in Italy, creating a strong impact on the internationalization of enterprises and on the national export.

The resources involved have reached approximately 8.7 billion euros (+9% vs. 24), in favor of 2,300 enterprises, for 90% SMEs, activating more than 10 billion euros of investments, with the potential to generate an impact – estimated by the Directorate of Sectoral Strategies and Impatto di Cassa Depositi e Prestiti – on the economic and social fabric, pairs to 0.5% of the GDP of the Country, and about 140.000 jobs created or maintained. The estimated export impact is 1.3%. The volumes managed in the portfolio are higher than €30 billion, with approximately 15,400 customers active in 124 countries.

These in detail the results 2025. Participatory investments: realized operations for 220 million euros (+7% vs. 24) of which 102 million worth on own resources and 118 million worth on public funds managed in accordance with the MAECI. In this area, companies have also been supported through interest subsidies, supporting more than 240 million euros of investment (more than double the 2024).

The results were also achieved thanks to a strong commercial synergy with the Holding Company Cassa Depositi e Prestiti. Volumes also include operations for start-ups and innovative SMEs with total investment of EUR 12 million.

Over the course of the year, continuing in the innovation of the tools and closeness to the enterprises, two new public equity funds were also activated to support the growth of SMEs and international infrastructure projects. Facilitated finance: approximately 2,500 operations in favour of approximately 200 enterprises (about 90% SMEs) for approximately 1.1 billion euros of loans received (+11% vs. 24) of which about 60% for the realization of investments in digital and ecological transition and a new specific focus on energy enterprises.

In the course of the year, new ad hoc measures were implemented under the direction of the Farnesina for the consolidation of Made in Italy on strategic markets (Africa, Latin America, India) with the important extension of the operation also to non-exporting enterprises of the production chain.

The activity is managed, within the framework of the Mattei plan, in agreement with the MAECI through Fund 394/81. Export support: A total of EUR 7.2 billion (+20% vs. 24) has been implemented, contributing to the capacity of more than 5000 production chain SMEs. The activity is managed in agreement with the MAECI through Fund 295/73. Gross profit amounted to €10.3 million, up 7% compared to 2024. Net profit amounted to EUR 11.3 million.

-Photo IPA Agency-
(ITALPRESS).

The post Simest, in 2025 supported investments for more than 10 billion in favor of 2,300 enterprises appeared first on Good Morning Italy.

ROMA (ITALPRESS) – “It has been reported that despite the trend of the economy in the final part of 2025 has been characterized by predominantly positive indicators, the macroeconomic forecasts for the current year and for the next three years highlight a worsening of the framework of reference determining a reduction of the prospects of growth; the effects of the new energy shock, consequence of the Middle East war, highlight cyclical indicators in weakening and a decrease of the confidence of families”. It is illustrated by the representatives of the Court of Auditors during the audition in the joint committees Budget of Chamber and Senate, on the examination of the Public Finance Document 2026.

“The presence, in this context, of macroeconomic, structural and positive public finance fundamentals” is read in the report, “does not therefore exclude that in the case of worsening the economic framework, it is necessary to support the available incomes of families and the liquidity of enterprises even if the need to respect European parameters leaves reduced tax spaces. It is therefore confirmed the need, on the one hand, to maintain control over the public accounts, and, on the other, to ensure a more careful selection of the interventions to start in order to counter the effects of the regrowth of the energy raw materials and, consequently, to redefine the priorities with an increasing attention to the cost assessment – effectiveness that must guide the action of the Government in the definition of the measures to be implemented”.

“The system of the document reflects an approach based on realism and prudence, motivated by the high uncertainty of the international geopolitical landscape and the repercussions of conflicts in the Middle East”. For the Court of Auditors “in this scenario, the real GDP growth estimates for 2026 were revised to 0.6 percent, with a slight downward correction compared to 0.7 percent indicated in the October programmatic Document, forecast that extends to 2027 and then traces to 0.8 percent in the two-year period 2028-2029. This trajectory, which incorporates the impulse of investments linked to the National Plan of recovery and resilience (Pnrr), projects a cumulative increase of the gross domestic product of 2.8 percentage points in the period considered, placing itself between the median and the upper limit of the ratings of the Upb panel”.

RAPPORTO DEBITO/PIL AL 137,1% CONTRO IL PREVISTO 136,2%

“After the presentation, last autumn, of the Public Finance Planning Document, the data related to the debt highlighted sensitive deviations regarding expectations. Also because of a lively trend in demand, at the end of 2025 the gross debt stock of public administrations was almost 20 billion higher than estimated in October. In a context in which the national accounting data recorded a gross domestic product value slightly lower than expectations, in the first year of vigence of the new European budgetary rules, the debt/Pil ratio was thus placed at 137.1 percent versus 136,2 provided for in the Dpef and 136,9 of the Middle-Term Budget Structural Plan”.

Entering the detail we read that “the new information indicates the consolidation of a upward trend that the index had already recorded in 2024 (Table 5) and mark a rise of more significant dimensions than it had been put into account. In the balance sheet 2025 the growth of the debt/Pil ratio, which was expected to encrypt in 1.3 points of GDP in the last October Dpef, has in fact settled in 2.4 points, as a result of a plurality of factors, including the worsened conditions of the economy, an acceleration of expenditure that has generated improvements of the primary lower than the programmed and, above all, the cash implications of the Superbonus”.

AVVIARE STAGIONE PROGRAMMATICA SU SPESA INVESTIMENTI

“It is of particular importance that the acceleration of expenditure for interventions, in the end, financed with the Pnrr in order to guarantee the main objective for the modernization of the country, as well as the development of the reform measures and investments directed to the extension of the period of adjustment of the Psb and susceptible to determining new pressures on expenditure attributable to expenses for defense, ageing of the population, protection of health and transformation of the economies”.

In the context of infrastructure spending, the main growth engine, underlined as reiterated in the Document, the importance of decisions oriented to national cohesion, the reduction of differences and the strengthening of accessibility that requires careful consideration in view of the progressive exhaustion of the effects produced by the resources injected into the system with the Pnrr.

For the Court of Auditors “it seems urgent, to act on the structural conditions that hinder the actual realization of the planned interventions and, at the same time, to start a new programme season, oriented to policy choices that can strengthen the effectiveness of investment spending and its contribution to the development objectives outlined in the Document. This requires us to reconcile the realization of strategic infrastructures of national importance with a more effective support for local investments, also in order to ensure a more balanced and sustainable public investment profile over time.”.

(ITALPRESS).

The post Dfp, Court of Auditors “Resize growth prospects for the current year. Debt/Pil ratio at 137.1% appeared first on Good Morning Italy.

ROMA (ITALPRESS) – Starting the reporting season 2026: from the afternoon of Thursday, April 30, on the website of the Agency of revenue, will be available in consultation mode the statements 730 already prepared with the data in possession of the Fisco or sent from external agencies, as employers, pharmacies and banks. In total, there are more than 1 billion and 300 million information transmitted for pre-compiled 2026.

For the sending of 730 and any changes the green light is previewed for the next 14 May, with deadline last to 30 September. In 2025, 5.4 million were sent directly by the taxpayers, of which 3.2 million – almost 60% – with the simplified mode, which will also be available this year. Thanks to this, the citizen must no longer be oriented between pictures, logos and codes, but is accompanied until the declaration is sent with an intuitive interface and simple words. All the rules are defined by a measure signed by the Director of the Agency of Revenue, Vincenzo Carbone. In total, 1.310.002.501 the information received by the Tax for the preparation of declarations 2026. Also this year, the primacy is due to health expenses, with over 1 billion tax documents transmitted. To follow, insurance premiums (about 96.5 million data) and Uniche Certifications (more than 71 million).

Compared to last year, data relating to public transport subscription fees (approximately 2.3 million, +700%): from 2025, in fact, the sending of data by transport companies is mandatory. Increasing also the income data provided by the Energy Services Manager (GSE) for the sale of surpluses from photovoltaic plants (+300%), and those related to asyl bonuses (+98%). Starting from this year’s statements, we also find the data of contributions for the purchase of high energy efficiency appliances (good appliances), recognized and communicated by the Ministry of Enterprises and Made in Italy. To start new features, with the aim of offering taxpayers an increasingly easy experience. Since this year, the trusted person has the possibility to expand their range of action: for example, he can send the tax return even if jointly, or access the web service for the management of authorizations in the head of the heir. All this provided that it was previously enabled to the Agency’s online services (provision of 22 September 2023), in the first case by the declaring subject and spouse, in the second by the heir.

Another novelty concerns taxpayers with income of more than 75 thousand euros, for which the calculation of deductions in the precompiled will automatically take into account the so-called “record of deductions”, introduced by the Budget Law 2025, which provides a limit to the total amount of expenses deductible according to income and the family burden. To view and download the statement you need to access your reserved area via SPID, CIE or CNS. The taxpayer who has the requirements to submit the model 730 will be able to decide whether to consult the statement in a simplified or ordinary manner. By choosing the simplified mode, the user will have an intuitive and easily navigable interface, where the data to be confirmed or changed are present: “house and other property”, “family”, “work”, “other income”, “expenses supported”. Once the tax information is confirmed or updated, it will be automatically reported within the reporting model. You can always delegate a family member or a trusted person directly from your private area, sending a pect or formalizing the request at any office of the Agency. For the Redditi Pf model, the schedule of the pre-compiled statement follows a slightly remodulated timing due to the novelties made by the decree “Correttivo bis”.

In particular, the norm has postponed from this year and at regime the sending of the unique certifications of autonomous work (CUA) to 30 April and, consequently – to allow the use of the data of these certifications – the provision of pre-compiled Pf Incomes: the models will be available in consultation, with the possibility to make any changes and/or integrations, from 20 May; they will be then sent from 27th of the same October.

– Photo IPA Agency –

(ITALPRESS).

The post 730 precompiled to starting tapes, from online thursday appeared first on Good Morning Italy.

ROMA (ITALPRESS) – “Conjunctural information available for the first months of 2026, whose information framework is still being completed, seems to confirm a less positive dynamic for the Italian economy than in the last quarter.” This was said by Francesco Maria Chelli, President of Istat, during the hearing in the joint committees Budget of Chamber and Senate, on the examination of the Public Finance Document 2026. “In February, the seasonal index of industrial production recorded a modest increase compared to January, +0.1%, after the falls of the previous two months” added Chelli “in the average of the December-February quarter, however, there is a conjunctural bending of 0.4%; the slowdown affected the consumer goods and the intermediate ones, respectively -1.2% and -0.7%, while the sectors of energy and goods.

The president of Istat recalled that “in the same month, the seasonal index of production in buildings has recorded an increase on a conjunctural basis, +0.5%, after three consecutive months of decline; on the mobile trimester, the dynamic remains however negative, -1%. In January, “the turnover of the services has recorded a conjunctural growth of 0.9% in value and a decrease of 0.1% in volume”.

2026 – 2027 CON CRESCITA PIL A RIBASSO E INFLAZIONE SU

“The worsening of economic-financial perspectives as a result of the recent Middle East conflict demanded a revision of the basic scenario of the Dfp: the real growth of GDP is revised to the downturn of about a tenth in 2026 and two tenths in 2027, while the prospects for inflation are estimated to rise, expected to 2.9% in 2026 by 1.7% expected in October 2025. The worsening of the scenario determines a slight revision to the rise of the deficit/Pil ratio” added Chelli “the tendential trend, in fact places the deficit below 3% of GDP in 2026, 2.9%, when the dynamics of net expenditure would be in line with the planned path, +1.6%. The structural balance would be -3.1%, better than expected in the PSBMT (-3.3%).

Istat’s president explained that “for the following years, the trend is confirmed to the progressive decline of the deficit/Pil ratio to 2.8% in 2027, 2.5% in 2028, up to 2.1% in 2029. In structural terms the ratio would progressively fall from 3.1% in 2026, to 2.9% in 2027, 2.7% in 2028 and 2.4% in 2029”.

2026 SI È APERTO CON CONTRAZIONE SCAMBI COMMERCIALI

“In 2025 Italy’s trade exchange showed an unexpected resilience compared to the strong instability that characterized international markets during the year: exports of goods in value grew by 3.3% and imports by 3.2%, with a trade surplus of 50.7 billion. The 2026 opened with a contraction of trade: in the bimestre January-February the flows have in fact reduced in tendential terms, -2,2% the exports and -4,2% the imports – added Chelli -. For the exports of the manufacture, decreased by 2.2%, to the increase of the sales in the manufacturing sectors of the products in metal, +24.2% and of the pharmaceutical, +4.6%, the decrease of all other sectors, particularly marked in the case of the sales of products of the refinement, -29.1%, chemical, -6,7% and leather articles, -6,3%”

A FEBBRAIO CALO VOLUME VENDITE DETTAGLIO

“In the last quarter of 2025 the disposable income of consumer households has decreased by 0.4% compared to the previous three months; in the face of a change of 0.4% of the implied consumption deflater, the purchasing power has thus reduced by 0.8%. The reduction in the savings propensity of 0.8 points (to 7.8%) has however allowed an increase in consumption, increased by 0.5%. In February 2026, retail sales showed a change in value but negative in volume, -0.2%; in particular, sales of food, -0.4% in value and -0.5% in volume, with a slight increase in non-food, +0.2% in value, +0.1% in volume”.

With regard to the labour market, “the number of employees fell slightly in February, -0.1%, -29 thousand units, due to the decrease of men and classes between 25 and 49 years. Employment has decreased both between permanent and end-time employees while growing among self-employed.”.

– Photo IPA Agency –

(ITALPRESS).

The post Istat “First months of 2026 confirm a less positive dynamic for the Italian economy” appeared first on Good Morning Italy.

LUXEMBOURG (ITALPRESS) – According to the European Court of Auditors, the considerable and many changes that the European Commission has proposed for the long-term budget of the EU could ultimately not improve the mechanisms of financing and expenditure for the implementation of EU policies and programmes in the period after 2028.

Since some aspects of the proposed mechanisms substantially change the planning, management and control of EU spending, the Court reports risks to sound financial management and calls for more decisive safeguard measures. In a document published today, in which these concerns are summarized, the Court reiterated the warnings addressed to EU policymakers in view of the negotiations on the results of the proposal relating to the budget of almost 2,000 million euros for the period 2028-2034.

In several opinions delivered since January on the Commission’s proposals for the multiannual financial framework (FPQ), the Court has its own view on a wide range of sectors, from competitiveness, research and culture to cohesion, agriculture and international support.

“From legislative proposals for the next multiannual EU budget, it is not a continuation of the status quo, but a radical change,” said the President of the European Court of Auditors Tony Murphy. “As an EU financial control institution, the Court stresses the risks and challenges in a number of opinions on Commission proposals for the budget 2028-2034. Many of the proposed changes are not a guarantee of better spending in the future”, he added.

In July and September 2025, the Commission made several legislative proposals for the EU budget for the period 2028-2034. First, it proposed a total financial allocation of approximately 2 000 billion euros, an increase of 59 % compared to the current EU budget of 1 200 billion euros for the period 2021-2027.

As a result, national contributions to the budget would increase by 81%, reaching 235 billion euros. To finance EU policies, the Commission proposed that the flows of own revenue increase by four to nine: these include new resources based on non-collected electrical and electronic equipment, tobacco excises and a corporate resource for Europe. At the same time, it proposed a net decrease – of about 20 percentage points – of the percentage of EU funding to be implemented jointly with Member States.

It also proposed a large new European fund of €865 billion for cohesion and agriculture, focusing on a single national and regional partnership plan, and a substantial increase in funding to strengthen the EU’s industrial defence base and capacity in this area. In addition, there would be an important step towards “non-cost-linked funding”, and the possibility for Member States to finance their plans through EU repayable loans of up to 150 billion euros, a significant innovation on this scale.

The Court warns that, in the event of failure to approve new revenue flows, there would be a considerable shortage of funds: in other words, it will be necessary to increase the contributions of the Member States or reduce the ambition of the budget. In addition, the Court notes the considerable increase in EU debt which would result in the borrowing of proposed loans. In terms of expenditure, shortening different policies could adversely affect the achievement of its objectives and require compromises between priorities.

For large parts of the budget, expenditure priorities will be in the hands of Member States with divergent interests. For example, a substantial divergence between Member States’ plans could jeopardize alignment between agriculture spending and EU priorities, distort competition and create disparities in conditions for farmers.

In addition, enjoying greater flexibility should not mean spending more resources without making sure more effective outcomes. The proposed performance framework is based on a lack of design, which does not measure the results achieved by EU spending and, ultimately, what benefits the EU citizens get in the face of contributions paid. .

At the same time, the mechanisms aimed at ensuring that EU funds are spent in a profitable way are excessively based, for large part of the budget, on controls by Member States often inadequate. Finally, the proposals do not define quite clearly the Court’s unlimited rights to access information.

-Photo IPA Agency-
(ITALPRESS).

The post The European Court of Auditors “From budget reform not necessarily improvements” appeared first on Good Morning Italy.

ROMA (ITALPRESS) – “The first home fund was created to guarantee and facilitate access to credit for the economically weak and otherwise would not have financial inclusion possibilities.” Vincenzo Sanasi d’Arpe, managing director of Consap, said this, intervening at the “General States of the NPE 2026”, dedicated to “The new horizons of credit management”.

The AD has highlighted how funding for families shows high economic and social issues. The Fund managed by Consap today affects 20% on total loans paid in Italy. The managed volumes bear witness to a widespread impact on the real economy: from the start of the initiative totalled 544,030 mortgages were guaranteed, amounting to 64,65 billion euros totaled. The intervention strongly supports young people, with access to the Under 36 from 63% to 79%, and the numerous families, where 78% of the guaranteed loans concern nuclei with three children. Looking at the future prospects, Sanasi d’Arpe announced that Consap is promoting the possibility to include “family with disabled people who unfortunately have difficulty in accessing the measures now dedicated”.

As a guarantee of this continuous commitment, the initiative has been refinanced by the 2025 budgetary law, which has provided a budget of 270 million for 2026 and has introduced a maximum limit to the commitments in guarantee amounting to 43 billion euros for the current year. Through his role as “social community”, Consap works “to make the right to dwell a pillar of society, putting its own skills at the service of the community according to an ethics of development that leaves no one back”.

– Press Office photos Consap –

(ITALPRESS).

The post Consap, Sanasi d’Arpe “The first home pillar of financial inclusion” appeared first on Good Morning Italy.

ROMA (ITALPRESS) – “If the war” in Iran “ends today the impacts could be manageable, but if it had to prolong for a long time there would be the risk of a systemic crisis. If the war continues until the end of the year, there is the risk of “recession with a very high inflation rate, close to 6%. Thus, the risks of prolonged war are very high as the impacts on the Italian and European economy are high. A longer war could project us into the most serious energy crisis in history, this would cause a system crisis.” Thus the representatives of Confindustria, in audition at the Joint Committees Budget of Chamber and Senate. “Our main vulnerability is energy, perhaps it is important to have a strategy to overcome it where we identify times and set targets – they highlight – otherwise we also risk in the future to find ourselves in this situation. Moreover, it is necessary to have an emergency plan, having already shared tools means being able to cope with an emergency having already a kit that facilitates everyone”.

“The war in Iran puts an important share of oil at risk. The closure, both partial and total, of Hormuz allows a global autonomy ranging from 6 to 11 months and of these 2 are already passed. From that area comes an important share of oil and gas that goes to Asian countries, this means that if the war should be prolonged, those countries would be in difficulty and in reasonable times we risk a shortage of intermediate goods that come from that area,” they add.

“At the moment the European market” has extraordinary potential. The problem is that the lack of proper policies in recent years has led us to progressively move away from US growth. Clearly, in our view, it is the European institutional structure which is inadequate: the common market is not a real market and remains uneven with internal transaction costs still very high; it is often ineffective in foreign policy; it is certainly ineffective in industrial policy. It must be reformed at the root because this structure does not allow to face the challenges we face,” they conclude.

– Photo press office Confindustria –
(ITALPRESS).

The post Confindustria “With a long war we risk the most serious energy crisis in history” appeared first on Good Morning Italy.