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September 29, 2020The first official speech by Carlo Bonomi as president of Confindustria, the public assembly of the confederation inside the Auditorium Parco della Musica in Rome, opened.

"The courage of the future" is the slogan of the assembly, chosen by Bonomi himself, who yesterday was received by the President of the Republic, Sergio Mattarella, together with the general manager, Francesca Mariotti.



"A new great deal for Italy"


"We need a new Pact for Italy". This was stated by the president of Confindustria, Carlo Bonomi, speaking at the General Assembly of the business association underlining that "the new productivity that Italy needs after 25 years of stagnation must simultaneously consider the policies of innovation, training and advance knowledge, regulation to promote the efficiency of markets, enabling infrastructures both physical (ie ICT, logistics and energy) and institutional (PA, skills and synergistic organization) and structural interventions for social cohesion ". According to the number one of industrialists, "it is on this broad concept of productivity that the actions and policies of the next few years must be concentrated, with the aim of maximizing the driving role in the development of the business and labor system and giving a new centrality to manufacturing ".



"Now a high and far-sighted vision"


The Pact for Italy requires "a high and far-sighted vision". "The government will now have to establish priorities to use, in a few years, over 200 billion that come to us from Europe; it is faced with a choice of vision, rather than concrete measures". "A basic vision - added the number one of the industrialists - that must examine Italian ills in depth, but look far ahead. Because not even 200 billion can solve them by giving a drop to everyone".



"Renouncing the ESM is certain damage"


Renouncing the ESM is a damage for Italy. "In the enthusiasm for the 208 billion from Europe, and which are added to the Sure and the new EIB credit lines, attention tends to fade away on the certain damage for the country if the Government renounces the Mes sanitary without conditionality", said Bonomi, who also expressed fears about new corporate taxes.



"If Recovery fails, everyone at home"


"If you fail in the task we have before us, in the few months now that separate us from the precise definition of the measures to be presented in Europe, it is not just her who goes home. Let's all go home". Carlo Bonomi said this, addressing the Prime Minister, Giuseppe Conte, present in the room, explaining that "in that case the damage to the country would be immense and we would all pay for it for years to come. Simply - he stressed - we cannot afford it".



"We don't want to become Suddistan"


"We don't want to become a Subsidistan". It is one of the messages sent to the government by the president of Confindustria. According to Bonomi, adhering to the spirit of the EU "means having a different vision of subsidies to support sectors in difficulty". "In the lockdown, the government took measures to support the liquidity of companies and to refinance the SME fund. But subsidies - Bonomi pointed out - are not forever, nor do we want to become a Subsidistan". "A particular effort is needed on supply chains in difficulty - he explained -. But not subsidies, nor further debt, albeit with a public guarantee". For the production chains, not subsidies, "but regulatory and market conditions such as to return to increase production and employment. It is valid for construction and real estate as well as for cars and transport".



"Operation truth on public accounts"


"There is still no solid prospect of interventions that give sustainability to the Italian maxi-debt, the day in which the ECB should finish its extraordinary interventions on the markets thanks to which today many are under the illusion that the debt is no longer a problem ". For Bonomi, "this too is not an ideological position. As Mario Draghi reminded us once again, in the crisis the difference is not between more or less debt, but between 'good' and 'not good'". The difference, the president of Confindustria stressed, "is that the former makes debt more sustainable through less current spending, but with more investments that raise productivity and structural reforms that extend the market and work, creating more social cohesion". The only "good debt" he continued "is that used for productive purposes".



"Pensions: after the end of quota 100 up to quota 101" "


On the pension front" when Quota 100 runs out in a year "we must not" imagine new pension schemes based on mere adjustments, as we read when we talk about Quota 101. That is new regimes that 


would continue to weigh on the shoulders of the youngest ".



"We need Zanardi's spirit"


Italy needs "difficult choices, but not impossible ones. Like the challenges faced and won by a great sportsman like Alex Zanardi". It is his spirit, which is needed today. "With these words, the president of Confindustria Carlo Bonomi concluded his speech at the Confindustria Assembly under the slogan" The courage of the future ".



The first as president


Per Carlo Bonomi is Confindustria's first public meeting as president. With the Covid emergency, the annual appointment of Italian industrialists has been postponed by four months, which every four years also offers the spotlight for the debut of new leaders in the aftermath of the election. there is an audience reduced by the anti Covid measures, with entrepreneurs, government and institutions, politics and trade unions.