Decidiamo il futuro - Marco Rizzo e Fabio Conditi - Roma 17 settembre 2026

Overview

The video is a public-style discussion in which politician Marco Rizzo and economist/technologist Fabio Conditi present and advocate a proposed Italian policy tool—SIRE (the name appears repeatedly; Conditi also explains “Sigre” as an acronym for Italian instrument for economic revival).

The central claim is that Italy can fund major public priorities (healthcare, pensions, security, education, emergency recovery, etc.) without increasing public debt, by using European-permitted mechanisms involving transferable tax credits.

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Main points and argument

1) The “There’s no money” framing as a political obstacle

• Rizzo argues that whenever governments propose spending increases or reforms (jobs, healthcare, pensions, security, investments), the debate often ends with the question: “Where will the money come from?”
• He presents this as a political/economic trap that blocks long-term planning and claims society lacks “foresight.”

2) Sovereignty loss since 1981 (monetary-financial constraint)

• Rizzo claims a key loss of Italian economic sovereignty began in 1981, when the central bank was separated from the role of ministerial/government bond-buying.
• He argues this shift moved debt financing toward markets and foreign investors, increasing dependency.
• As a result, governments become constrained by market pressures such as spreads and interest rates, limiting policy options.

3) The proposal: SIRE/Sigre as a compliant “payment instrument”

Conditi’s core idea:

• In modern systems, “money” can be created through accounting/credit.
• The real question is whether the state can create legal instruments within existing EU rules.

Their approach:

• Leverage transferable tax credits (CICs) (enabled by EU/legal changes around 2020 and transferable credit accounting rules).
• Conditi argues the instrument would allow exchange and circulation of tax credits—functionally like a discount on future taxes—while being transferable to other people (unlike ordinary tax credits that are difficult to pass on).

4) How tax credits are described as financing spending (mechanism)

The instrument is presented as:

• Not “new public debt” in the same way conventional borrowing works.
• Potentially not counted in deficit/debt, depending on the studied accounting setup.
• They repeatedly stress the design is compliant with EU treaties/constraints.

Economic rationale (as described):

• Economic benefits come from circulation in the real economy:
  • People and businesses use the credits.
  • This is claimed to drive GDP growth and generate VAT/tax revenue for the state.

Practical example mentioned:

• Using credits to offset costs such as excise duties (e.g., fuel):
  • Citizens pay retailers.
  • The state effectively provides tax-credit “equivalents.”
  • This could reduce direct budget impact while still collecting revenue through consumption and related taxation.

5) Clarification: not euro/legal tender

• Conditi emphasizes it is not a new currency replacing the euro.
• It is described as tax-credit-based, and therefore distinct from legal tender under EU treaty definitions.

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Priorities the tool is meant to support

National priorities (as listed by Rizzo)

For a future “Italy Tomorrow” program, Rizzo cites near-term priorities including:

• Healthcare: he argues millions face barriers to treatment.
• Schools: focus on infrastructure and teacher pay/quality.
• Energy: attention to impacts on SMEs and consumers, with critique of current energy costs.

Additional themes include:

• Peace/war, security, immigration policy, pensions, research, and broader societal issues.

Rizzo’s immigration stance (as presented)

• Emphasis on security and assimilation (not “integration” as framed).
• Proposed deterrence and strict legal consequences for violent crime.
• Religious policy described using a reciprocity principle (e.g., no “asymmetrical provisions,” such as permitting a mosque without equivalent reciprocity).

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Emergencies and infrastructure maintenance

• Conditi argues the tool is well-suited for rapid disaster response because traditional budgeting may delay intervention and cause long-term regional economic losses.
• They discuss floods and the need for land/river maintenance to prevent recurring disasters—something they claim budgets often fail to address.

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Limitations and “how much” the state could deploy

Ceiling based on tax receipts

• They acknowledge a constraint: since it is a discount on future taxes, it cannot exceed total tax receipts.

Estimated scale

• They estimate an order of magnitude around €100–200 billion in impact (described as a fraction of GDP).
• They also suggest the measure could be more favorable in early years, due to accounting/reimbursement dynamics.

Importance of domestic use

• They argue the multiplier effect matters:
  • Credits should be used within Italy to generate revenue and welfare,
  • rather than being spent abroad.

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Underlying political message

Both speakers argue politics should focus on:

• Foresight and concrete tool-building,
• rather than excuses about lack of money.

They connect the technical proposal to a broader goal of regaining control over national decisions, instead of deferring to financial markets.

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Presenters / contributors

• Marco Rizzo
• Fabio Conditi