The three things that do not add up to Giorgetti’s caution on the accounts

He warns that pension spending is unsustainable, but does not exclude Quota 41. He dissuades his fellow ministers from asking for changes to the NRP, but contradicts Meloni on energy and investments. He condemns the indiscriminate subsidies, but extends them, with the addition of the fiscal truce. The owner of the Mef illustrates Nadef to the Chambers: and the government ends up in a logical short-circuit, even before accounting

To limit oneself to what he said, one would have to share almost everything. Almost, but let’s go back to it, because on pensions the logical short circuit, even before the financial one, is sensational. The problem of Giancarlo GiorgettiMinister of Economy who claims “a prudent and responsible approach”, which is in continuity with his predecessor, who stigmatizes the ill-witted ones of the populist governments of which he was a part (“Do we estimate a low multiplier? Eh, you saw how she went, with miraculous multipliers “, she snorted, in reference, however, to when he was under-secretary of Giuseppe Conte), in short, Giorgetti’s problem, which Nadef explained to the Chambers yesterday, is how much of his caution is compatible with the government’s plans. And on at least three points – pensions, Pnrr and subsidies – the accounts do not add up.