The Italian recovery and resilience plan: a challenge to overcome

Thursday 2 June
Corte di Palazzo Thun




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A lot has been said about it, but it’s not easy to find an overview that’s both clear and comprehensive about the choices contained in the NRRP, the Italian National Recovery and Resilience Plan. In reaction to the devastating effects of the Covid-19 pandemic, the European Union has suspended the rules of the Stability and Growth Pact to allow spending without the constraints of deficit and debt, as well as suspending the rules against support for struggling businesses; the European Central Bank has launched an asset purchase programme worth over €1,000 billion; temporary support has been offered to national redundancy funds (SURE); and all conditions on ESM loans for member states’ healthcare expenses have been waived. With the launch of Next Generation EU, it has approved a plan of interventions worth €750 billion, including recovery and resilience resources totalling €672.5 billion, of which 360 billion are in the form of grants and 312.5 billion are loans. Resources totalling €191.5 billion, between loans and grants, have been earmarked for Italy. They are to be used in accordance with the Plan that Italy has put together, along the lines set out by the EU, in the form of 6 missions, with the requirement to devote 57% to investments in green deals and digitalisation. The book examines the main steps set out in the Plan, using the results of 10 meetings with the so-called Group of 20 behind “Revitalizing Anaemic Europe”, a working group held in 2021, starting from the idea that a solution must be found to the lack of growth and total productivity in Italy and in Europe compared to competitors, in a world where competition is increasingly measured in terms of technological leadership.

Gloria Bartoli, Secretary General of the Observatory on Productivity and Well-being, Tor Vergata Economics Foundation;
Alessandro Giordani, Head of Unit Networks in the Member States, European Commission;
Luigi Paganetto, Economist at the Tor Vergata University of Rome

Overview of the application of the Recovery and Resilience Plan
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the protagonists

General Secretary of the Productivity and Wellbeing Observatory, Tor Vergata Economic Foundation
Professor Economist at the University of Rome Tor Vergata
Head of Unit Networks in the Member States Commissione Europea