Rome, Aug 2 (LaPresse) – “The entire framework of the agreement is unclear. We’re living in a situation of uncertainty that, obviously, causes concern. There are goods currently in transit — the crossing takes 17 days — and we still don’t know what will happen when the ships arrive in America,” said Emanuele Orsini, president of Confindustria, in an interview with La Stampa.
The industry, he adds, is facing “an emergency situation” and “solutions and compensations” are needed immediately.
“We cannot waste public money. A thorough analysis is needed, sector by sector, and Europe must implement a plan. It can delegate damage assessments to individual governments, but it certainly cannot remain inactive and pretend nothing is happening,” he insists.
“We need to act on four levels. As I said, this is an emergency moment, and we need serious remedies and adjustments for sectors that are struggling. A serious analysis and intervention are required.
Secondly, at the European level, it is inevitable that our products become less competitive. The forecast is that the dollar may devalue up to 20%, and if that happens, it will clearly be a problem.
Third: we must tackle European bureaucracy, which is a self-imposed internal tariff worth 6–7% of GDP.
Lastly, since May we’ve been asking for an extraordinary plan not only for rearmament, but also for industry,” he emphasizes.
So far, no one has listened. “I don’t know whether that’s clear or not, but the real objective here is the industrialization of the United States at the expense of Europe’s deindustrialization.
The EU no longer has time — it must tell businesses whether Europe wants them, or if we should go elsewhere.
We said it during the assembly: we need a Next Generation for European industry, and we must go beyond the Stability Pact because doing business also means social growth,” he concludes.
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