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Italy's new government policy will continue to touch sensitive European nerves.

Enlarged font  Narrow font Release date:2018-06-16  Browse number:10
Note: The economic daily, China economic network Paris news (reporter Li Hongtao), as the new governance agreement of the new
 The economic daily, China economic network Paris news (reporter Li Hongtao), as the new governance agreement of the new ruling coalition of Italy is published, the focus of its relevant governance is reignite European attention again. Although the ruling coalition has publicly expressed the abandonment of the "anti European position", it is no longer sustained by the "referendum retreat" to the European Union. However, the skeptical tendency in its administrative measures still touches the sensitive nerves in Europe.
In June 5th, the new Prime Minister of Italy, Conte, delivered a political speech in Congress, announces the core policies in many fields, including the strong strike of immigrant smuggling, the appealing of huge debt reduction and the opening of the Open diplomacy to Russia, showing the logic of seeking a new balance in European policy and domestic reform. In particular, in the area of immigration policy, Italy advocates the fight against illegal immigrants, the acceleration of detention and the expulsion of 500 thousand illegal immigrants, and the share of responsibility for other EU Member States. Conte pointed out: "Italy was abandoned by the European Union and forced to face the immigration crisis alone. The EU needs to set up a system of "voluntary and compulsory" allocation of asylum applicants. On the economic front, Italy proposes to increase spending on finance and welfare and further reduce taxes. At the same time, Kong Te also called for "to promote growth and employment" to effectively reduce Italy's huge debt, rather than tightening measures to impose multi-level restrictions. On the diplomatic front, Kong Te advocated the abolition of sanctions against Russia and regarded Russia as an "increasingly important economic and trade partner".
With the release of the rules for the governance of the new ruling coalition in Italy, the European community has further raised concerns about its growing alienation from the EU's core policies. It is believed that the "further development" in development and reform, especially in economic policy, will eventually lead to a systemic crisis in the euro zone. William Butt, Citibank's special economic adviser, said in an interview recently: "the current financial and banking crisis in Italy and the suspicion of the new ruling coalition will have a sustained impact on Euro Zone unity and European integration, and will induce systemic risk."
The French economy has also paid great attention to the trend of governance in Italy, and believes that while the new ruling coalition of Italy has recently desalinated some of its previously pointed doubts in order to reduce pressure on the European Union, a continuing doubt about the European Reform Plan and the ECB policy will continue to become a euro zone integration. The "unstable factor" in the course must be highly vigilant about the effect of some of its policy measures on European populism and suspicion of European sentiment, to prevent all parties from imitated and to impact the future reform plan of the EU and the current reform and coordination of the euro zone in France. In the future, we must be vigilant against the following three policy trends: first, the polarization and challenge of EU integration. In the near future, Italy's demand for strengthening the European Parliament continues to increase, and hopes to expand the political influence of the populist forces in the 2019 European parliamentary elections, or will lead to a re division within the EU. The two is the expansive budget plan of the ruling coalition of Italy. In the future, Italy's new ruling coalition will increase the stability of the government, or will continue to increase the appeal to voters through a series of welfare policies and tax cuts, including the implementation of a unified tax. This expansionary budget policy will not help the reduction of Italy's debt and increase the pressure of the government's deficit. The three is that as the discussion of easing the ECB's quantitative easing policy continues, the Italy ruling coalition will continue to increase its demand for debt reduction in the ECB, hoping to get rid of the intervention of France and Germany on its fiscal policy, which will further cause the parties to doubt the stability of the euro zone.
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