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Italys EU funding plan could be modified Meloni

By Francesco Zecchini

CERNOBBIO, Italy (Reuters) Italy shouldn’t undertake more debt to react to the power crisis nonetheless it will be able to amend its European Union-backed recovery programme to help ease pressures, Brothers of Italy leader Giorgia Meloni said on Sunday.

Melonis party may be the largest in a centre-right alliance on course for victory in a Sept. 25 national election.

You can find concerns a new government might shy from a few of the reforms had a need to ensure Italy gets usage of some 200 billion euros ($199 billion) in EU funds because of its post-COVID Recovery and Resilience Plan (PNRR).

It cant be heresy to state that the PNRR, that was written prior to the current situation, cant be modified. Its lay out in the guidelines of the PNRR, Meloni told the Ambrosetti Forum business conference.

She suggested a little area of the funds may be diverted towards supporting measures such as for example decoupling the cost of electricity from gas prices at an area level to greatly help Italian consumers.

Matteo Salvini, leader of the League Party that’s also an associate of the centre-right alliance, said action was needed now to greatly help Italian businesses and households.

The thing is now. Life is currently, survival is currently, he told exactly the same meeting in northern Italy.

October is late, November is late, he added, suggesting Italy should look at copying a 65 billion euro package adopted by Germany on Sunday.

($1 = 1.0049 euros)

(Reporting by Francesco Zecchini; Writing by Keith Weir; Editing by Andrew Cawthorne)

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