C4: Government’s proposal for Regulation 2024/XX/EF laying down the general framework addressing the macroeconomic and financial situation in Italy and the Federation

2. Revitalisation - Refers to the policy of ensuring the economic and social resilience of a territory after suffering a major blowfinancial damage.

3. Ledger - A book or other scheme for keeping accountingrecords

   .

4. Economic and Social Blasts - A substancial disrupt of the companies and the employment rates requiring attention and intervention caused by a major socio-economic shock.

3. Ledger - A book or other scheme for keeping accountingrecords

4. Economic and Social Blasts - A substancial disrupt of the companies and the employment rates requiring attention and intervention caused by a major socio-economic shock.

3. Ledger - A book or other scheme for keeping accountingrecords.

Lender of Last resort - Refers to an institution, typically a central bank, that provides emergency liquidity to financial institutions facing temporary financial difficulties or liquidity shortages and that finds itself unable to obtain sufficient liquidity in the interbank lending market.

CHAPTER 2 - ON THE DEBT TAKE-OVER

The Federation should, in the long run, become the sole owner of all existing national public debt of the Federated States. In accordance with Article 51.2 of the European Youth Convention, the Federation shall take-over the existing national public debts in order to reimburse them.The Federation shall become the sole owner of all existing national public debt of the Federated States. The Federation is authorized to take over the existing national public debts of any Member State(s) facing a crisis, as outlined in articles 6.1 to 6.5 of Regulation 2024/02 pertaining to the Federal Budget, in order to provide reimbursement.

Article 4: Transition period

Article 4: Preventing future crises

A transitional period shall commence in the month subsequent to the enactment of this directive. The procedures outlined herein shall be uniformly applied throughout the federation for the entirety of the transitional period to prevent future defaults:

Article 5: Funding

The Federal debt mechanism is funded through 4 financial measures.Article 5.1.All European banks shall be required to purchase bonds issued by the Federal Government utilizing the bank investment funds, thereby providing reassurance to Italian savers to prevent withdrawals in the short term.Article 5.2.

The Federal debt mechanism is funded through indirect contribution from European household's savings. The Federal Treasury Agency shall ensure the repayment of its financial assets by securing them on household’s savings located on saving bank accounts located on the European Federation’s territory. The Federation may raise temporary debt to face the current crisis as stated in article 6.1 and 6.5 of the Regulation 2024/XX laying down the Federal Budget. The issuance of debt shall be granted solely to the Federal Treasury Agency, under the approval by an absolute majority of the Senate.

Article 5.3.With respect to the principle of budget solidarity, and to reaffirm support to the Italian citizens, the Federation will forgive the interest rates of Italian NextGENEU public bonds.Article 5.4.The central European bank will issue Lenders of last resort to the Italian financial institutions to prevent financial panics and bank runs, and bring liquidity to the Italian Market.Article 5.5.Italy must undergo structural policy reform with the help of the European Federation.

The Federated Government shall propose and enforcesupport a plan to regenerate employment in areasat the regional level of Member- States struck by economic and social blasts, with the objective of saving employment. And help enterprises regenerate in the. An economic blast being a severe and widespread disruption in economic activity within a designated area, characterised by significant job losses, business closures, drastic closures, drastic reduction in income levels and a decline in overall economic productivity. Under the scope of a new social assistance program, financial aid will be prioritized to the following socially vulnerable groups including single-parent families, large families with more than 2 children, or families in which one member is disabled and/or unemployed.

The Federated Government shall propose and enforce a plan to regenerate employment in areas struck by economic and social blasts, with the objective of saving employment, in regards to the European pillar of social rights.

Whenever a local authority equivalent to NUTS 2 notifiesthe established national-level subdivisions within each Member State as further specified by each national jurisdictionnotifies the services of the Federal government of a major economic blast reasonably threatening employment in a specific area, the Government shall propose to the local government, to the House of European Citizens and to the European Senate a plan based on the Federal framework for employment regeneration in stricken areas (FFERSA) that will be revisioned by the House or European Citizens and to the European Senate.

Whenever a local authority equivalent to NUTS 2 2notifies the services of the Federal government of a major economic blast reasonably threatening employment in a specific area, the Governmentmentioned regional government shall propose to the local government, to the House of European Citizens and to the European Senate a plan based on the Federal framework for employment regeneration in stricken areas (FFERSA), that will be discussed by the House or European Citizens and to the European Senate.

Whenever a local authority equivalent to NUTS 2 notifies the services of the Federal government of a major economic blast reasonably threatening employment and stability of private entreprises in a specific area, the Government shall propose to the local governmentauthority, to the House of European Citizens and to the European Senate a plan based on the Federal framework for employment and entreprises regeneration in stricken areas (FFERSA).

The FFERSA shall be funded by extraordinary bonds issued by the Federal government, according to Article 51-2 of the European Youth Convention. The total amount of this bond shall be allocated to financing recovery in the stricken area, via funding local plans (proposed by NUTS 2)local-level subdivisions within a Member State) for safeguarding employment.

The FFERSA shall be funded by extraordinary bonds issued by the Federal government, according to Article 51-2 of the European Youth Convention. The total amount of this bond shall be allocated to financing recovery in the stricken area, via funding local plans (proposed by NUTS 2) for safeguarding employment.

The total amount of bonds issued by the European Federation must not exceed three-hundred billion Euros, of which no more than fifty billion euros are allocated as grants. The amount not distributed as grants will be allocated as loans, presenting a fixed interest rate of 1.5% for a period of 10 years. This period can be extended to a maximum of 20 years in case a Member State cannot comply with the requirements, on national debt and deficit, set by the Stability and Growth Pact.

The bond shall be issued within a time period of less than two months, allocated to the NUTS 2subdivisions--lead project in the following month, and eventually be spent in less than 5 months after the economic backlash.

The bond shall be issued within a time period of less than two months, allocated to the NUTS 2-lead project in the following month, and eventually be spent in less than 5 months after the economic backlash.

Article 8.bis: Independent committee The committee will exclusively:
1. independently and objectively follow the redistribution of the money from the federal government to the competent authority pursuing the established plan,
2. work with the competent athorities, these being either the member states, and regional and local governments taking into consideration competences of each authority related to the economic or social blast, and the goals of each specific plans, 3. ensure that the needs of small and big private enterprises are taken into account by catering to the specific needs related to their legal and economic capacities,
3. consider the particularities of each member state when facing the crisis that results in the activation of the specific plan.

The bond shall be issued within a time period of less than two months, allocated to the NUTS 2-lead project in the following month, and eventually be spent in less than 5 months after the economic backlash.

The grants will refer to the first phase of the European Federation's crisis response, following by the attribution of loans.

Every citizen shall have the right to peaceful assembly and protest, provided that such protest does not infringe upon the rights and freedoms of others or compromise Federal, national securityand regionalsecurity.

The Government shalllocal authorities have the competence and right to intervene, if necessary in concertation wih the Federal Government; in order to take appropriate and proportionate measures to ensure the rights and freedoms of others as well as federal, national and regional security. The Federal Government reserves the right to intervene if local authorities are unable to reestablish order. Any kind of brutality from the local government will not be accepted. If the use of force is needed, this must comply with the rights granted by the European Youth Convention.

The right to freedom of speech and expression shall not be infringed upon by Federal or National or Regional authorities unless fundamental rights of others are serioulsy violated as determined by the present authorities and subsequently judged by the courts

While the right to protest is recognized, it is incumbent upon the protesters to ensure their actions remain within the bounds of law and order. Any act of violence, vandalism, or public disorder shall not be tolerated and will be subject to legal penalties and intervention of local security authorities. Organizers may be held accountable for harm or damage caused by protesters; if the former acted with negligence and the perpetrators can not be found. If any person is carrying an harmful weapon or dangerous tool during the protest, this will lead to an increase of the penalty envisaged by the national laws of the Member State.

Article 11: PermitNotification for Large Gatherings

I. For protests involving a significant number of participants, a permitabove 100 participants or more, the organizers must be obtained frominform local authoritiesathorities at least 5 minutes in advance. This is to ensure public safety and order, and not to restrict the right to protest. The process for obtaining such a permit should be transparent, non- discriminatory, and expedient, reaffirming Art. 11 ECHR. Local authorities may ban them when there are well founded grounds to expect a breach of public order, involving danger to persons or property.

II. Notice must be given or directed to local athorities as a mean of information.

III. This is to ensure public safety and order, and not to restrict the right to protest. Local and federal authorities thus reserve the right to prevent protest if there is a grounded reason to expect violence , extremism or other violation of the european Charta.

Spontaneous manifestations are allowed if they are pacifc demonstrations without any risk or act of violence, and if they do not undermine the stability of the Federation. Legal procedures can be initiated by the State if these rules are not respected.

Article 11 bis: Role of the Judiciary

It is the right of every individual to request the support of the judiciary if they believe with due cause that their rights have been or are being infringed upon by local or federal authorities.

3. It shall apply from [Day][Month][Year]