Expensive prices. Paolo Capone, UGL Leader: “Unacceptable speculation, Government intervenes”

Expensive prices. Paolo Capone, UGL Leader: “Unacceptable speculation, Government intervenes”
Expensive prices. Paolo Capone, UGL Leader: “Unacceptable speculation, Government intervenes”
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Published 19 minutes ago editorial board19 minutes ago 1673262861_344_Expensive-prices-Paolo-Ca • Bookmarks: 3


“The abnormal increase in fuel prices is unacceptable. The Government intervenes to counter possible anti-competitive cartels and curb the speculative maneuvers in progress denounced by Codacons.

Furthermore, it is essential to review the tools adopted so far to deal with the effects of the inflationary spiral that is hitting workers and businesses hard. The increase in interest rates ordered by the Fed and the ECB has proved to be the wrong weapon to counter supply-driven inflation. Mistakes that risk having a devastating impact, causing a new recession and an increase in unemployment, as the Nobel Prize winner for economics Joseph Stiglitz points out today. In this regard, Istat data does not appear comforting: in November there are -27 thousand people employed (-0.1%) while the inactivity rate rises to 34.5% (+0.1 points). We need a massive investment plan in industrial and energy policies aimed at boosting growth and employment. In this sense, like UGL, we hope that the Pnrr will be revised in order to reduce internal gaps and protect the production system. Lastly, it is necessary to strengthen the current regulatory framework to combat speculative inflation and protect household consumption”.

He stated it Paolo Capone, General Secretary of the UGLon the measures necessary to counter the high prices.

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Tags: Expensive prices Paolo Capone UGL Leader Unacceptable speculation Government intervenes

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