No certainty that Italy will join China’s “Belt and Road” vanity project

The European Union and the United States have raised concerns on China’s “Belt and Road” venture.

On Monday, Italy’s Junior Minister Michele Geraci stated, reports that Italy will join China’s giant “Belt and Road” initiative only after satisfying itself of U.S. and European Union concerns, have no basis.

Geraci’s comments come in the wake of Garrett Marquis, a spokesman for the White House’s group of national security advisers, labelled China’s “Belt and Road” venture as a “vanity project” that Italy should steer clear of.

“Clearly we must make sure that EU and U.S. concerns (over the deal) are unfounded. The framework of the accord would have to be up to U.S. and EU standards,” said Geraci to Italian daily Il Messaggero, while reiterating that there is no certainty that Italy would sign the deal.

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Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

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