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MNI: Italy To Ratify ESM Changes, Quit Bargaining-Sources

(MNI) ROME

Italy no longer sees mileage in using ratification of changes to the ESM treaty as a bargaining chip, officials say.

The Italian government is planning to reopen detailed parliamentary discussion of its long-delayed ratification of changes to the treaty establishing the European Stability Mechanism in the second half of June, after Prime Minister Giorgia Meloni decided it was no longer useful as a bargaining chip in fiscal talks with the European Union, government and parliamentary sources told MNI.

“We are looking at the topic with discretion and we will accelerate after the European elections,” said one government source, referring to June’s European Parliament elections in June whose results he said would be crucial in determining Italy’s actions. (See MNI: Meloni Seeks Euro Election Leverage For Tax Drive-Aides)

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The Italian government is planning to reopen detailed parliamentary discussion of its long-delayed ratification of changes to the treaty establishing the European Stability Mechanism in the second half of June, after Prime Minister Giorgia Meloni decided it was no longer useful as a bargaining chip in fiscal talks with the European Union, government and parliamentary sources told MNI.

“We are looking at the topic with discretion and we will accelerate after the European elections,” said one government source, referring to June’s European Parliament elections in June whose results he said would be crucial in determining Italy’s actions. (See MNI: Meloni Seeks Euro Election Leverage For Tax Drive-Aides)

Keep reading...Show less