Italian Fashion, Luxury Associations Express Support to Prime Minister Mario Draghi

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Italian Fashion, Luxury Associations Express Support to Prime Minister Mario Draghi
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Altagamma, Camera della Moda and Confindustria are all standing behind Mario Draghi, who is expected to deliver his final decision on Wednesday on whether he will resign.

is still grappling with the pandemic, wrestling with rising prices of raw materials and energy costs, and it needs a solid government in office that can pass the reforms that are part of the 200 billion euro aid package from the European Union.

“This is a moment of great uncertainty that requires a stable government and the international prestige that Mario Draghi can guarantee.”, he continued, is weighed down by “a 150 percent debt on the Gross Domestic Product.” He pointed to growing inflation and “the disproportionate increase of the cost of raw materials for our companies.” The war in Ukraine is also impacting international stability.

Lunelli said the PNRR and the benefits it can provide to the country, “the stability and cohesion of Europe in a moment of crisis, the reputation of our country at an international level all rely on the unity of our political parties.”Fashion represents Italy’s second-largest industry in Italy and it is “a fundamental and strategic” leverage of the Italian economy, saidchairman of the Camera della Moda.

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