Economy / Foreign relations

The Italian Presidency semester, a difficult evaluation

The semester of Italian rotating Presidency of the EU Council is nearly over, and it’s time for an evaluation.

In Italy, the opposition is saying that the Government achieved nothing, of course. The Government replies that it got the Juncker Plan.

Observers noticed – in Italy just like elsewhere – that the Plan carries few real money, and probably overestimates its ability to trigger private investments.

Again, one could reply that yes, this is true, but the Plan has a deep political significance, being the first step in changing the European austerity based approach to the crisis stubbornly defended by Germany.

Only time will tell. In 2015 the Presidency will be held by Latvia and Luxembourg. The latter, under fire for its alleged tax aid to big corporations, is likely to focus on tax policy.

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