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Confetra fears that businesses will not be able to use the government's resources in time to deal with the crisis
Nicolini: the Italian production system needs resources within the next two to three weeks
April 9, 2020
'On the implementation of access to the took over from Confetra's president, Guido Nicolini -- you play the whole challenge of this measure, and with country. The figures are powerful: 400 billion euros public loan guarantees, export support and further deferral of tax and contribution payments. Add to the other 350 billion of the "Cura Italia", including social shocks, determines the most important European action against the economic crisis caused by the Covid-19. EUR 750 billion is equivalent to half of Italy's GDP, to give an order of magnitude."
The President of the Confederation of Transport and logistics has shown that, however, concern is operating time and the actual disbursement of bank loans guaranteed by the state. "We who do business," he explained Nicolini -- we know that a bank loan, even a few millions, generates an investigation that can last up to two or more three months. The Italian production system needs resources instead within the next two to three weeks, otherwise you risk a social economic ecatombe. We have already signed up to last week - recalled Nicolini - the protocol with ABI for IGC's anticipation, we have a discussion table in progress with CDP on the issue of delayed payments, and we have signed up agreement with MCC. The time factor is everything."
"And then," added the president of Confetra, "I the need to think about some intervention that impacts companies' income statements, starting with the defiscalizations on labour costs. We have made the government a Simple proposal: Allow us until the end of 2021 to reduce the 40% of the tax and contribution charges on labour costs, and we we are committed to maintaining full employment, subject to restitution Resource. For our industry, labour intensive excellence - specified Nicolini - a similar standard would need coverage of about seven billion euros: 1% of what the government has allocated overall. And it would be even more useful than a bank loan. We have it put in writing: with an expected average contraction of 20% of volumes on an annual basis - pointed out Nicolini - go up in smoke 18 billions of turnover in our industry, the equivalent of 300,000 jobs. Let's focus on that."
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'On the implementation of access to the took over from Confetra's president, Guido Nicolini -- you play the whole challenge of this measure, and with country. The figures are powerful: 400 billion euros public loan guarantees, export support and further deferral of tax and contribution payments. Add to the other 350 billion of the "Cura Italia", including social shocks, determines the most important European action against the economic crisis caused by the Covid-19. EUR 750 billion is equivalent to half of Italy's GDP, to give an order of magnitude."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
