Di Maio brakes on the Mes: "We do not sign in the dark". Delrio: 5S do not cause a crisis of credibility

• It is a brawl on the Mes. Gualtieri: "Closed text, it protects us". The oppositions: Conte report
• Moscovici: "Mes is not a problem, rather a help for the banking system"
• There is no agreement on the Mes. Gualtieri defends the reform: "Attacked by those who signed it"
• Mes, the government aims to postpone, Salvini: "It is a fund to kill states"

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"Since there are no elements of merit that question our national sovereignty, it is very important that we give a demonstration of seriousness and reliability. I expect that the legitimate criticisms of our ally do not lead to provoking a crisis of credibility for the country "This would be serious for the citizens and for the seriousness with which our government is seen." Thus Graziano Delrio, leader of the Democratic Party in the Chamber, regarding today's statements by Luigi Di Maio on the Mes.

In a live Facebook, the political leader of the 5S does not take the 'signature' of the Movement to the Mes. The foreign state fund, the foreign minister says, is only part of a package that also contains "banking union and deposit insurance. When we have read everything - we will be able to verify whether the package suits Italy or no"

And here in the Pd house the waters are agitated. Before Delrio it was Franceschini who sent a warning to the government ally: "At this time in the Mes we play the credibility of the country, the trend of the spread and the markets. You can't play with fire. I take for good the words of this morning Di Maio and from here to Monday we will see if the intentions will follow the behaviors, because in politics there are also the behaviors that weigh ".

A controversy that grows with the wait for Conte's information, with Salvini accusing the premier of "no longer defends the Italian national interest". The Prime Minister will report to the Chambers on the treaty on the European Stability Mechanism on Monday, but tensions and more or less drastic positions do not exclude a Sunday budget government summit. "We're still feeling," he says about the Di Maio hypothesis during his visit to the Coldiretti village of Matera.

Luigi Di Maio
The Mes "like many other treatises, needs many improvements. We cannot think of signing in the dark like the Mes which is only part of the package. There is also the banking union and the deposit insurance". Thus stated Foreign Minister and leader of the M5s, Luigi Di Maio, live on facebook. "When we have read everything we will be able to verify whether the package suits Italy or not. In my opinion, it is healthy for Italy not to accelerate in an incautious way, but to defend its own interests, to wait for the end of the negotiations also on all other aspects of the package. There is a negotiation in progress, it is good that they continue with Italy as the protagonist. On the other hand there has been a change of government and the new majority has never expressed itself ". Di Maio has specified that "as it is written, the banking union worries me even more than the Mes. The insurance on the deposits must be put in place".

Dario Franceschini
At this time in the Mes we play the credibility of the country, the trend of the spread and the markets. You can't play with fire. I take the words of Di Maio this morning and from now until Monday we will see if the intentions will follow the behaviors, because in politics there are also the behaviors that weigh ". The head of the PD delegation to the government, the minister said in Milan Dario Franceschini, during his speech at the National Reformation Base Assembly, an area within the Democratic Party composed of the former Renzians.

Difficult but possible to postpone the approval of the treaty
Postponing the approval of the treaty on the European stability mechanism is possible, but difficult. The leaders have long since given deadline December 2019 for the go-ahead for the reform and the position of Italy complicates everything. In any case, a stalemate on the Mes reform would not benefit Italy. This is what transpires from European sources during the hours of the political battle in Rome. Seen from Brussels, imposing a postponement or a stall on the Mes and the rest of the package, Italy would do harm to itself. The Commission is ready to support Italy on another issue considered more important for the banking sector which is played in the negotiation of the European deposit guarantee: the German proposal for capital requirements for banks based on the rating of the public securities they hold is deemed unacceptable by the community executive. And even France, as well as Italy, is against it. The key date to understand what will happen is December 4, when the finance ministers of the 19 will meet in Brussels for the Eurogroup summit.

Matteo Salvini
"The Mes steals from the poor to give to the rich. There is the risk of using the money of Italian savers to save German banks. On the Mes the debate has opened and finally the Italians know something about it only thanks to the League. Well the awakening of Di Maio , we are counting on the consistency of the 5 Stars and part of the Democratic Party, while Conte has not long defended the Italian national interest ", so the leader of the League, Matteo Salvini.

Carlo Calenda
"But where was Di Maio? Was he in the government or not when the Mes was negotiated? This is an unworthy way of doing politics, unworthy of a great country. Doubts are raised when they negotiate and not afterwards, as they are doing Salvini and Di Maio who were vice-premier when the negotiations were held ". Carlo Calenda says this on the sidelines of an initiative in Rome for Action.

Antonio Misiani
The Mes, the state-saving fund, "is useful to Italy and Europe. The euro needs a system of mutual insurance that helps states in temporary financial difficulty and strengthens the tools to deal with banking crises. reform was preceded by a long negotiation in Europe, almost all of which was conducted by the previous government. We believe a good job has been done. Like all compromises, it has lights and shadows, but on the whole, most of the requests made by Italy have been received ". Thus in an interview with Corriere della Sera Antonio Misiani (Pd), Deputy Minister of Economy.

Stefano Fassina
"On the Mes, the representation of a clash between responsible Europeans and irresponsible sovereignists, between those who want to safeguard the continuity of Italy in the EU and in the euro area and who wants to break" is self-defeating. This was stated by the deputy of Leu, Stefano Fassina, member of the Montecitorio Budget Committee. "The text of the treaty and the context, without cultural and political subordination on the part of the majority and without instrumentality on the part of the opposition, must be evaluated. Countries in conditions of public finance like Italy, eliminates the possibility of financial support without having to restructure the public debt. It determines, in fact, a huge risk of self-fulfilling scenario. " The Mes is not in the program of the majority. The Pd avoids forcing. The Italian Parliament last June 19 expressed itself very clearly on the MES to allow Parliament to express itself with an address document and, consequently, to suspend any definitive determination until the Parliament has pronounced itself. Parliament has not been asked to rule on the substance. There can be no definitive determination, nor can there be on December 13th. Without further dramatization, the government recognizes that it has not had and does not have the mandate to sign the treaty ".

The Mes according to the experts
It is a fundamental tool for the Eurozone whose usefulness cannot be questioned. Although with different sensitivities, the experts defended the European Stability Mechanism. Everyone - from the former Minister of Economy, Pier Carlo Padoan, to the director of the Observatory on Italian public accounts of the Catholic University, Carlo Cottarelli, up to the former chief economist of the MEF, Lorenzo Codogno - judges the State Savings Fund essential on the path to greater European integration. Incomplete, of course, in the absence of a risk-safe Euro brand asset, but indispensable for the stability of the area.

Pier Carlo Padoan
Il Mes "is an important tool, a step forward towards the unification of fiscal instruments, a tool capable of providing resources to countries that may respect the rules, are in good financial health, but end up suffering due to an external shock "These are common resources, also used for the stability of the euro". The presumption of debt restructuring in case of need, foreseen in the first hypothesis of Treaty reform, "is no longer there. On this point all Italian governments have always made a very strong resistance and the rigorous hawks have lost their battle". Rather, "the real point on which we should pause to reflect is not whether the Mes works or not, but whether or not Italy needs it. At the moment it is certainly not, but if we had the accounts a little tidier, with the public debt on a downward path, this whole debate would take on much less sharp contours ".

Carlo Cottarelli
The reform of the Mes that we would like to introduce "offers a push to make it easier to impose restructuring on a country in crisis and therefore represents a risk. Even if not even the alternative that many of the critics would like, that is to say 'money free ', it stands up. It is the presumption that should not be introduced. Restructuring should be considered case by case, without prior analysis ". The Mes should however be safeguarded: "Throwing it away would be like one who feels pain in a leg asking to abolish the ambulance and not the right granted to nurses to amputate it regardless of it".

Lorenzo Codogno
"Suddenly Italy woke up and the Mes became a political battleground. And, as usual, politicians use these themes only for their goals, without fully knowing what they are talking about. Many of the concerns I had initially they have been clarified. In any case, I do not think that Italy will veto the current Mes treaty "says the former chief economist of the Ministry of Finance.