PNRR disaster, Italy risks not making it: that’s why

On file PNRR begins to pull – for a while ‘- a bad air with Rome and Brusselss who send each other not too veiled messages. While on the one hand the executive defends the work in progress on the project reviewon the other the EU invites not to reduce the ambition of the plan.

PNRR, Italy risks not making it

The latest message from the Commission is easy to interpret “Any review of national recovery and resilience plans should not lower them overall ambition. We are aware that the Italian government wants to review the Pnrr, but we have not yet received one formal change request”.

In between is the opposition clamoring for a parliamentary passage to clarify once and for all which works will be deleted. Meanwhile, the responsible ministerRaffaele Fitto (who has been working on rewriting the plan for months now, assuring however that I will not be a dismantling) let it be known that those infrastructuralgiven that individual sectors are not under scrutiny but the aim is to safeguard the effective ability to carry out interventions at the deadline 2026. For this reason, for those that will require more time, the most viable option is to change their location, that is, moving them to the list of projects financed by the funds of coesion or developmentwhich can count, in fact, on longer times and also less stiffness.

Here because

In particular, how does it reconstruct thein Republic, Brussels would be concerned by some requests for information “on the possibility of giving up a quota of the so-called “loans”, i.e. the loans provided for by NextGenerationEu (grants, on the other hand, would not be renounced in any case). We are talking about about 120 billion. A technically possible choice, but politically disastrous, given that it would most likely be “a sign of extreme weakness, the markets would not take it well, the 26 allies even worse”.

What happens now?

There is no agreement even on the tempistica revision of the Pnrr: Rome had in mind to present the new document between July and August. But for the Commission – which wants to close by June – we are out of time. An attempt is therefore made to accelerate with Minister Fitto ready to meet the needs arriving from Brussels. At least on this point. For everything else, the game promises to be decidedly complicated.

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