M. Messori – The Italian recovery and resilience plan: How to take advantage of an extraordinary opportunity
In the post-pandemic period, the success of "Next generation - EU" (NG-EU) is crucial for initiating a convergence and a gradual process of fiscal unification between member states of the European Union (EU). The likelihood of this success depends, above all, on Italy's ability to use the NG-EU funds massively allocated to its credit (roughly 209 billion euro, of which around 82 billion is transfers and 127 billion is loans) to reverse the decline caused by a crystallized set of 'bottlenecks'. The Recovery and Resilience Facility (RRF) program is endowed with more than 90% of the total NG-EU funds. The construction of Italy’s National Recovery and Resilience Plan (NRRP), which conditions access to the RRF resources (about 196 billion euro for Italy), therefore plays a decisive role in determining the future of the EU and, in particular, Italy’s European destiny and the consequent prosperity of its future generations.