The European Commission has given the nod to Italy's ambitious spending plans and reforms tied to its substantial €194 billion share of the EU post-pandemic recovery fund. This marks a significant win for Prime Minister Giorgia Meloni’s, setting the stage for Brussels to greenlight Italy’s next €16.5 billion tranche, anticipated to arrive by year-end.
Italy, positioned as the largest beneficiary of the €800 billion recovery fund, is spearheading a transformative economic agenda with debt collectively backed by EU member states. Having already received €85.4 billion under the program, the country's trajectory toward modernizing its economy until 2026 is unmistakable.
Without any democratic legitimation the EU Commission is pushing the bloc under the umbrella of a community debt pool with Eurobonds and the ECB to monetize the ever growing subsidy spreading mega machine that is suffocating private initiatives and investments as the crowding out of the free market is threatening the economies last resilience. The Eurozone is bleading out economically. And the transformation of a growing part of the economy into a subsidized silenced fake economy is accelerating the decline.
They are buying time. And by doing so they are pushing the economy over the cliff.