• Confesercenti: very heavy lockdown impact, focus on credit and liquidity
  • Conte: "The effects of the crisis have yet to unfold"

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June 16, 2020 "So far, no vision has been lacking on Phase 3, to be followed by closings and reopenings. That is, the phase in which to define immediate support for the recovery of investments for the future, resuming and fully enhancing the Industry 4.0 plant "and" alongside a large Fintech 4.0 plan ". 

This is what the president of Confindustria Carlo Bonomi said, according to what is read in the preface of the "Italy 2030. Proposals for development" plan that Bonomi will bring to the government tomorrow.

Among other things, according to Bonomi "it was a mistake not to take advantage of the two months of lockdown and health emergency to define a prevention methodology, based on the collection of data obtained from swabs and mass serological tests, to be conveyed with digital technologies territorial medicine units for early diagnostics, so as to make possible restrictions but only on a microgeographical basis ".

Again Bonomi: "It is unthinkable to continue to accumulate new forms of layoffs and income support by adding them to the too many and heterogeneous existing instruments. With the result that the funds are late and slow in translating into transfers, exactly as times have proven inadequate for supporting liquidity to businesses. "

Regarding the measures deployed for businesses, Carlo Bonomi stressed that "before the virus, in the matter of the tax wedge, the ballast for Italian companies compared to almost every competing country, was rightly intervened in favor of workers' incomes. Now it is necessary however, immediately think also of reducing the share borne by the companies (reference to the tax wedge) ".

"Without a multi-year horizon in which to adopt a decisive and coherent reorganization strategy - added the number one of Confindustria - the Italian tax authorities will remain increasingly baroque and distorting". Bonomi also said that "it is not a great idea to ask companies to go into debt while they have to continue paying taxes."