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Energy, Giorgetti: ‘If the situation doesn't change, I fear a severe recession’

Apr 11, 2026

Milan, 11 April (LaPresse) – On the suspension of the Stability Pact, “we are well aware of the European Commission’s response: only in the event of a severe recession. I fear that if the situation continues like this regarding energy and fuel oils, a severe recession will ensue.” So said Economy Minister Giancarlo Giorgetti, speaking to Tgr Lombardia on the sidelines of an event at LIUC University in Castellanza, in the province of Varese.

2026-04-11T19:30:59+00:00