Cuts to Salaries, Corrective Measures, and Amnesty: What to Expect After the European Elections

The Challenges Ahead for Italy After the European Elections

After the European elections, Italy will face several pressing issues that have been put on hold for electoral purposes.
Among these are public spending cuts, salary reductions for 14 million Italians, and the sale of shares in healthier state-owned companies such as Eni and Poste.
Additionally, there is talk of a new amnesty to alleviate overcrowded prisons by releasing non-violent offenders.

The Impact of Austerity Measures on Citizens

According to the Observatory on Public Accounts of the Catholic University, the government may need to implement corrective measures totaling 30 billion euros in the coming months.
This could have significant repercussions on citizens, surpassing the total budget of the last financial law.
Such austerity measures would jeopardize government promises regarding pensions, taxes, and salaries, affecting the daily lives of Italians.

Last year, in order to finance tax cuts and new taxes, the government resorted to a 20 billion euro debt.
Minister Giancarlo Giorgetti has stated that refinancing these measures will be a priority in the upcoming budget.
However, starting in 2025, the salaries of 14 million Italians are expected to decrease once again due to the inability to increase the deficit without proper coverage.

The Looming Crisis: Infraction Procedure and Stability Pact

The combined effect of the infraction procedure and Stability Pact will force the government to make annual cuts of 10 billion euros in public spending until 2032.
This will likely impact sectors such as healthcare, education, and local authorities, potentially leading to an increase in municipal taxes and putting further strain on already struggling schools and hospitals.

As concerns rise among beach operators in Rome, fearing broken promises post-elections, another controversial topic emerges: the possibility of an amnesty law.
The center-right coalition could revive the Giachetti-Bernardini law to reduce prison overcrowding by granting sentence reductions, a move that has sparked debate within the government.

In conclusion, Italy faces a turbulent period post-European elections, with tough economic decisions and social implications on the horizon.
The need for effective measures and policy reforms is crucial to steer the country towards stability and growth.