Renzi: “We are not asking for flexibility in Europe, we are just taking what we deserve”

We “are not going in Europe and ask for flexibility, we are just taking what we deserve,” said Matteo Renzi today during the inauguration of the BreBreMi highway (Brescia – Bergamo – Milano). The Italian Prime Minister announced he wants to amend the Stability Pact. The internal one, though: looking for “the flexibility included in the treaties” in fact (a formula representing sort of truce between pro-rigour and pro-flexibility troops) Renzi found room for “a great operation on infrastructures which, “removing the obstacles” given by the Internal Stability Pact, “can unblock 43 billion euro” allowing Regions “to spend money where money are.”

No request for amending European rules, then. Not so far, at least, because the idea is still there on the government’s table. “The (European) Stability Pact hasn’t come by itself,” said Renzi, “he was created by an agreement among Member States.” Then, no one forbids those States to “discuss” about it.

The Italian Prime Minister went on blaming the European Union on some bailouts: in the last years, “it seemed that Europe wanted to defend the ‘credit system’ when the interventions in some countries like Greece,” said Renzi, “appeared to be done just for saving big European banks which were exposed with those countries.” According to the Italian Prime Minister, it is necessary to avoid new financial aid to banks. This is why he asked for a monitoring of the new cash inflow made by the ECB. “300 billion euro will be injected in September,” said Renzi, “they are an extraordinary occasion for companies, and we should guarantee this money will be at the service of economy. If we fail to do this, we won’t get out of the crisis.”