Energy costs are unsustainable for Italian industry, industrial employers' group Confindustria President Emanuele Orsini said Wednesday saying that finally the decoupling of electricity prices from those of natural gas had come onto the government agenda after moves in France and Spain.
"The cost of energy in this country is unsustainable," because "when we pay 4-5 times more than the United States and 30-60% more than some European countries, it's obvious that it becomes a problem for energy-intensive companies," said Orsini at the public meeting of Confindustria Emilia Area Centro.
"We proposed decoupling, which has finally entered the government's vocabulary: we're pleased, but let's do it quickly," added Orsini, who specified that "we need to act quickly because winter is coming." Orsini added that growth could not be boosted by improving IRPEF personal income tax, and said that Confindustria was working with the government on the 2026 budget bill, for which some eight billion euros was needed.
"This country's growth cannot be achieved by improving personal income tax (IRPEF)," said Orsini at the public meeting of Confindustria Emilia Area Centro in Bologna, speaking about the measure being considered by the government in the next budget.
