Giorgetti urges EU to allow new spending tool for families hit by economic shocks
Economy Minister Giancarlo Giorgetti told parliament that Italy wants to use the EU's new expenditure flexibility to support families affected by economic crises, warning that a refusal would be a mistake.
Italian Economy Minister Giancarlo Giorgetti appeared before parliament to discuss the country's economic blueprint and expressed a desire to use the EU's newly approved New Expenditure Capacity to aid families hit by recent economic turbulence. He warned that a European denial would force families to shoulder the costs, which he called the wrong choice. Giorgetti emphasized that the move is driven by public demand rather than government insistence.
He noted that talks with European Commission representatives are ongoing, but he could not predict the result. The request reflects Italy's broader effort to cushion households from fiscal shocks within the EU framework.
Why it matters
It shows how Italy is trying to secure EU flexibility to protect households from economic hardship.
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