Giorgetti’s alarm: Very serious forecasts if the conflict in Iran continues"

“With respect to the effects of geopolitical crises, the size of the consequences depends on the duration of the conflict (in Iran). If I have to hear, even in international forums at the G7 in Paris, the forecasts in case of an extension of the conflict are very serious”. This was said by the Minister of Economy Giancarlo Giorgetti in a video link with the Trento Festival of Economics. “It is not only the problem of the price of petrol – he added – but also with respect to some supply chains, such as those relating to industry”.

“Towards cutting excise duties until the first week of June”

“I left for Cyprus with a fairly clear picture of the measure, now they are refining it. I believe that tomorrow there will be a legislative decree in which there will be interventions to support road haulage and local public transport. We are trying to extend the interventions on the excise duty cut until the first week of June. We are also trying to intervene on the former Ilva of Taranto. A stopgap measure, then we will see if the negotiation situation with the EU is unblocked”, explained Giorgetti.

Stopgap measure on excise duties and trucks awaiting the EU

“I left for Cyprus with a fairly clear picture of the measure, now they are refining it. I believe that tomorrow there will be a law decree in which there will be interventions to support road transport and local public transport. We are trying to extend the interventions on the excise duty cut until the first week of June. We are also trying to intervene on the former Ilva of Taranto. A stopgap measure, then we will see if the negotiation situation with the EU is unblocked”, said Giorgetti.