The new Conte government team and entrepreneurs' concerns

The Conte government is operational. The news is full of statements from parliamentary sources and Palazzo Chigi regarding the next financial maneuver. “The Italian economy is at a standstill: industry is struggling, services are only slightly recovering while investments are expected to decline and the scenario for consumption is improving slightly. Sovereign rates have fallen to historic lows, but the spread remains wide and exports risk stopping, due to the decline in world trade and Germany in trouble. For this reason, in the third quarter the Italian economy still appears weak, after the GDP was flat in the second,” writes the Confindustria Study Center. Statements shared by Sergio Passariello, founder of the Think Tank “Imprese del Sud” ,

“There is not a shred of indication on the methods of implementation of the program, nothing that can help us understand how they intend to finance all the economic and fiscal measures that they have planned,” continues Passariello. From tax reform, to VAT, to metropolitan cities like Rome. Here is the final version of the program that Prime Minister-designate Giuseppe Conte brought to the Quirinale for the attention of Sergio Mattarella and which received the confidence of parliament. “Some ideas seem to point to a great valorization of industry, a resumption of the Industry 4.0 plan and technological innovations but without any idea on the financial and economic coverage. Furthermore, the institutional credibility of many representatives, even from the previous government, is compromised in the eyes of entrepreneurs,” says Sergio Passariello, founder of the Think Tank “Imprese del Sud” and President of Euromed International Trade who continues: “where are the indications and methods of implementation of the economic program? We have no elements that help us understand how they intend to finance all the economic and fiscal measures planned. With this trend we cannot expect much from this new government alliance". The business and employment situation in the South of the Peninsula continues to be drastic. Passariello concludes by declaring: "For the umpteenth time we do not have a serious program that places the southern question and the economic revival of the South at the center of political attention. The new government has appointed a new ministry for the South, but a ministry without portfolio. An unacceptable situation for southern businesses".