World News | Italian Prime Minister to announce more economic incentives

Rome [Italy]July 13 (ANI/Xinhua): Italian Prime Minister Mario Draghi said on Tuesday that he plans to announce a series of measures aimed at reducing the impacts of the deteriorating economic situation caused in part by the rising costs of electricity. ‘energy.

Draghi told a news conference after meeting leaders of the country’s main unions that he had discussed with union leaders changes to the tax system, wage hikes to help offset rising prices and other economic incentives.

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The Prime Minister also called for “stable structural interventions” to reduce the effects of inflation and for the “full participation” of the country’s trade unions in the reform process, saying he would be ready to present his comprehensive plan to economic incentives in July. 23.

Draghi’s meeting with union leaders on Tuesday was seen by local media as a step in mitigating current political risks.

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The populist Five Star Movement, a main partner in Draghi’s ruling coalition, has split into two separate parties in recent weeks. Former Prime Minister Giuseppe Conte, also leader of the Five Star Movement, recently made a series of demands under threat to withdraw his party’s support for the government and force a vote of confidence, possibly as early as Thursday.

“It is not possible to govern under the threat of an ultimatum,” Draghi said at the press conference, adding that he would not agree to form a new government without the participation of the Five Star Movement.

Draghi played down the economic challenges in an interview with the Foreign Press Association later on Tuesday, saying the government’s balance sheets were “very strong” and that despite recent difficulties, “Italy remains a strong country”. . (ANI/Xinhua)

(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)

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