{"id":145880,"date":"2026-06-19T18:05:29","date_gmt":"2026-06-19T16:05:29","guid":{"rendered":"https:\/\/thediplomatinspain.com\/2026\/06\/19\/sanchez-europa-no-sera-una-potencia-geoeconomica-si-no-tiene-musculo-financiero-para-serlo\/"},"modified":"2026-06-19T18:13:09","modified_gmt":"2026-06-19T16:13:09","slug":"sanchez-europe-will-not-be-a-geoeconomic-power-if-it-lacks-the-financial-muscle-to-be-one","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2026\/06\/19\/sanchez-europe-will-not-be-a-geoeconomic-power-if-it-lacks-the-financial-muscle-to-be-one\/","title":{"rendered":"S\u00e1nchez: \u201cEurope will not be a geoeconomic power if it lacks the financial muscle to be one\u201d"},"content":{"rendered":"
Eduardo Gonz\u00e1lez<\/strong><\/h6>\n

The Prime Minister, Pedro S\u00e1nchez, has called in Brussels for a Multiannual Financial Framework \u201cmuch more ambitious than the current one\u201d because \u201cit is unreasonable to ask Europe to do more with fewer economic resources.\u201d He also asserted that the outsourcing of migration policy \u201cis an absolutely ineffective response\u201d and warned, regarding the diplomatic efforts of the President of the European Council, Ant\u00f3nio Costa, with Russia, that Europeans can never be \u201cmediators\u201d in potential peace negotiations because \u201cthey are a party\u201d and are in favor of Ukraine.<\/strong><\/h4>\n

\u201cSpain\u2019s position is firm and clear: Europe will not be a geoeconomic power if we lack the financial muscle to become one, and therefore we must build that financial sovereignty,\u201d S\u00e1nchez declared at the press conference following the European Council meeting, which addressed, among other issues, the Multiannual Financial Framework (MFF 2028-2034). This discussion was based on the negotiating framework presented by the Cypriot Presidency on June 11, which includes slight increases for both agricultural policy and cohesion policy compared to the Commission\u2019s initial proposal, but continues to give greater weight to priorities such as competitiveness, security, and defense.<\/p>\n

\u201cThe Multiannual Financial Framework,\u201d he continued, \u201cmust be much more ambitious than it currently is,\u201d because \u201cit is unreasonable to ask Europe to do more with fewer financial resources.\u201d \u201cWe need more of our own economic resources; we also need to continue issuing joint debt to finance European public goods,\u201d he affirmed. \u201cSecurity can be one, defense too, but there are many other policies, such as climate leadership and digital leadership, that must be funded with Next Generation EU funds in the coming years,\u201d he added.<\/p>\n

\u201cIt is clear that we need to open the debate on more ambitious budgets, budgets with more resources for policies that are very characteristic of Europe: the Common Agricultural Policy, of course the Cohesion Policy, but, without a doubt, everything related to competitiveness linked to the digital transformation and the ecological transition,\u201d he warned.<\/p>\n

Migration<\/strong><\/h5>\n

On another note, S\u00e1nchez reiterated Spain’s opposition to the outsourcing of migration policy through the creation of detention and deportation centers in third countries. \u201cSpain has been unequivocal from the beginning: we believe that it will not bring any solution, that it is an absolutely ineffective response, a smokescreen, if you will,\u201d he asserted.<\/p>\n

This system, he warned, \u201cwill simply waste economic resources, and Europe doesn’t have many,\u201d and at the same time, \u201csends the wrong message to the countries of origin and transit, with which we need to collaborate, cooperate, and empathize, because these countries are also suffering from irregular migration, and therefore need this collaboration and cooperation from Europe, not the message of saying: this is your problem, we’re washing our hands of it.\u201d<\/p>\n

\u201cWe have already made our position clear, we voted against it, and therefore, if a majority of countries agree to implement it, then we will be in the minority,\u201d but \u201cthere have been rulings from the European Court of Justice specifically addressing the minimum standards of respect for human rights and the conditions that migrants in these centers should have,\u201d he added.<\/p>\n

Ukraine<\/strong><\/h5>\n

Regarding the contacts between the President of the European Council, Ant\u00f3nio Costa, and high-ranking Russian officials, S\u00e1nchez asserted that \u201cwhat he has done is open a diplomatic channel,\u201d but \u201che has not initiated any peace talks or any peace negotiations.\u201d<\/p>\n

\u201cWe are not mediators, because we have indeed been supporting Ukraine for more than four years, supporting its defense of territorial integrity and its right to exist and not be invaded, in this case, by an aggressor force such as Putin\u2019s Russia,\u201d he warned. \u201cTherefore, the role that Europe should eventually play in these peace negotiations is not that of mediator,\u201d he continued. \u201cWe are not mediators, we are a party to the conflict, because we are not only talking about Ukraine, but also about the European security architecture,\u201d he insisted.<\/p>\n

In this context, \u201cEurope would not participate as a mediator, but as a representative of the member states, because we are concerned about our security architecture and logically also about the countries that want to belong to Europe and with which we have already opened this enlargement process, such as Moldova and Ukraine,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Prime Minister, Pedro S\u00e1nchez, has called in Brussels for a Multiannual Financial Framework \u201cmuch more ambitious than the current one\u201d because \u201cit is unreasonable to ask Europe to do <\/p>\n","protected":false},"author":91,"featured_media":145878,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"2","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":"The president affirms that the outsourcing of migration is \u201cabsolutely ineffective\u201d and that Europe cannot be a \u201cmediator\u201d in peace negotiations in Ukraine"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"jnews_post_split":{"post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[159,182],"tags":[],"class_list":["post-145880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-subscribers"],"yoast_head":"\n\u201cEurope will not be a power if it lacks the financial muscle\u201d<\/title>\n<meta name=\"description\" content=\"The Prime Minister, Pedro S\u00e1nchez, has called in Brussels for a Multiannual Financial Framework \u201cmuch more 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