Giorgetti: « The promotion of S&P is deserved ». But the opposition: negative data

ROME – The tone is measured. But the Minister of Economy, Giancarlo Giorgetti, welcomes with unquestionable satisfaction The response of Standard & Poor’s: « We deserved it – he says on the sidelines of the informal Ecofin in Warsaw – even if we didn’t expect it ». Urged to pronounce on Italy’s « promotion », he continues: «It is the rating that gives a judgment on me. Confirms the correct, prudent, humble, serious and responsible action of the Italian government on this matter « .

On the same line, the vice -premier of Forza Italia, Antonio Tajani: «Rating agencies reward government policies. After years of unbridled assistance and measures that have burdened on the state budget, We managed to reverse the course and Italy has started growing again. Here’s what it means to have a strong, stable and united government. Thus we continue, with seriousness, concreteness and competence ».

The appreciation of S&P

On Friday evening, the Standard & Poor’s agency improved the rating on the sovereign debt of Italy, from BBB to BBB+, keeping the outlook « stable » as last October. A promotion on the rating, S&P says, which « reflects the improvement of Italy’s economy in a context of growing winds contrary to a global level, as well as the gradual progress made in the stabilization of public finances ». The rise, that further away Italy from the speculative threshold, It has been the first since 2021, since Mario Draghi was at Palazzo Chigi.

Political stability

If Giorgetti expresses satisfaction, enthusiastic comments come from Fratelli d’Italia. « With us – he claims the deputy chief of the Melonian Chamber, Augusta Montaruli – the good of the nation has returned central ». Marco Osnato, president of the Finance Commission in Montecitorio, chooses the polemical-political register: «It lasts to digest for the oppositions. Not only the credit merit of Italy improves but one of the driving factors of this success is recognized in political stability, even with the provision that the Meloni government arrives at the end of the legislature « .

The different evaluation on the economic situation of the oppositions

Oppositions confirm a completely different evaluation of the country’s economic situation. « The right celebrates the positive judgment of Standard & Poor’s but carefully avoids talking about other very negative data – Bacchetta Antonio Misiani, Economy Manager of the PD secretariat -, that is, those concerning the real life of Italians ». And go with the list: Calo of industrial production that has been persisted for 25 months, Pass integration into growth, GDP growth estimates in 2025 halved. The 5 Star Movement also throws water on the enthusiasm of the government. « Wage moderation, privatizations, primary surplus and immediate lowering of the deficit/GDP ratio below 3% are Giorgetti’s mantra – the Cinquestelle parliamentarians of the Budget and Finance Commissions of the Senate and Chamber summarize -, it is obvious that S&P is happy to grant a mini promotion. Certainly rating agencies appreciate the deadly austerity embraced by the government ». Pasquale Tridico, Mels of the M5S, instead reminds Meloni who « in 2018 thundered against rating agencies, who defined private companies operating in the name and on behalf of their investors ». A thesis that however seems to make his Giuseppe Conte: « We had understood for some time that Meloni was the darling of transnational strong powers – is the comment of the former premier – projected towards military investments. He never disconnected the banks. We must fight for citizens not for strong powers ».

Salvini’s position

Finally, he chooses a different polemical objective, on the other front, the secretary of the League and vice premier, Matteo Salvini: « Today a rating agency says » good « . There had been in the government the left we would have the processions on the street that praise the « genes »and front pages in the newspapers. But since we are struggling to find the news to the government ».

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