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MNI: Italy Reform Progress Slows As Elections Near-Sources

(MNI) Rome

Italy risks missing an EU deadline for a competition reform, sources tell MNI.

The Italian government is facing tougher-than-expected parliamentary resistance to an overhaul of competition laws whose approval may now narrowly miss an informal deadline required for accessing EUR19 billion in European Union funds, while a tax reform and plans to reduce dependence on Russian energy may not be complete before next year’s elections, sources close to the matter told MNI.

The “Markets and Competition” bill, which would allow the liberalisation of sectors including public transport and subject local authorities to more control from Italy’s Competition Authority, may also be slightly watered down by the time it receives parliamentary approval, a government source and two members of parliament’s Industry Committee said.

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The Italian government is facing tougher-than-expected parliamentary resistance to an overhaul of competition laws whose approval may now narrowly miss an informal deadline required for accessing EUR19 billion in European Union funds, while a tax reform and plans to reduce dependence on Russian energy may not be complete before next year’s elections, sources close to the matter told MNI.

The “Markets and Competition” bill, which would allow the liberalisation of sectors including public transport and subject local authorities to more control from Italy’s Competition Authority, may also be slightly watered down by the time it receives parliamentary approval, a government source and two members of parliament’s Industry Committee said.

Keep reading...Show less