{"id":81320,"date":"2023-10-28T04:07:27","date_gmt":"2023-10-28T02:07:27","guid":{"rendered":"https:\/\/zen-hopper.82-223-81-17.plesk.page\/2023\/10\/28\/sanchez-hopes-that-the-eu-will-agree-on-the-budgets-and-new-fiscal-rules-before-the-end-of-the-year\/"},"modified":"2023-10-28T04:07:27","modified_gmt":"2023-10-28T02:07:27","slug":"sanchez-hopes-that-the-eu-will-agree-on-the-budgets-and-new-fiscal-rules-before-the-end-of-the-year","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2023\/10\/28\/sanchez-hopes-that-the-eu-will-agree-on-the-budgets-and-new-fiscal-rules-before-the-end-of-the-year\/","title":{"rendered":"S\u00e1nchez hopes that the EU will agree on the budgets and new fiscal rules \u201cbefore the end of the year\u201d"},"content":{"rendered":"
Eduardo Gonz\u00e1lez<\/strong><\/h6>\n

 <\/p>\n

The acting President of the Government, Pedro S\u00e1nchez, yesterday gave a positive assessment of this week’s European Council, whose conclusions include the international peace conference for the Middle East proposed by Spain and the goal of the 27 to reach “before the end of year\u201d an agreement on the Multiannual Financial Framework (MFF) and on the new fiscal rules of the Union.<\/strong><\/h4>\n

\u00a0<\/strong><\/p>\n

The strong point on the agenda of the European Council, held on Thursday and Friday, was the serious security crisis in the Middle East following the Hamas terrorist attack and Israel’s military response in the Gaza Strip. As S\u00e1nchez explained in the press conference after the Council, \u201cSpain concentrated its efforts in a constructive manner\u201d on achieving the \u201cdouble objective\u201d of agreeing on \u201ca clear message\u201d from the European Union \u201cto deliver humanitarian aid to Gaza as soon as possible\u201d and \u201coffering a perspective of peace to the conflict.\u201d<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u201cHumanitarian aid must urgently reach the Strip, establishing humanitarian corridors and humanitarian pauses that allow aid to arrive continuously and quickly, meeting the basic needs of the civilian population,\u201d declared the President of the Government, referring to the \u201chumanitarian pauses\u201d<\/strong> (plural) finally accepted by the 27.<\/p>\n

\u00a0<\/strong><\/p>\n

Spain had asked for a “humanitarian pause”, but the final conclusions of the Council opted for “humanitarian pauses” (a difference that goes beyond language) to satisfy countries more inclined to Israel, such as Germany or Austria. \u201cIn Spain we have always defended a cessation or a humanitarian ceasefire,\u201d but, for the sake of consensus, \u201cwe lowered that towards a terminology that would probably enjoy greater consensus, which is the humanitarian pause,\u201d he explained.<\/p>\n

\u00a0<\/strong><\/p>\n

Likewise, S\u00e1nchez insisted on the need to move forward in the search for political solutions that put an end to this conflict. \u201cThe time has come to offer a concrete horizon by holding an early international peace conference in which the entire international community, and especially the European Union, is involved, to find a definitive solution that allows the coexistence of two States, Israel and Palestine, in peace and security,\u201d he declared. In this sense, he highlighted the agreement reached on Thursday between the 27, who have “endorsed the Spanish proposal to hold an international peace conference.”<\/strong> \u201cI am particularly pleased to have achieved this and I believe it is the best contribution we can make in these very tragic times,\u201d he added.<\/p>\n

\u00a0<\/strong><\/p>\n

Financial Framework and economic governance<\/strong><\/h5>\n

Another of the Council’s strong points was the economic one, specifically the debate on the review of the Multiannual Financial Framework<\/strong> of the European Union<\/strong>, which provides for the financing of programs and actions in all policy areas in line with the long-term priorities of the EU. Since its adoption in 2020, the EU has faced unexpected and unprecedented challenges, from the consequences of Russia’s war of aggression against Ukraine to an acceleration of inflation and interest rates.<\/p>\n

 <\/p>\n

In this context, on 20 June 2023 the Commission presented three legislative proposals to strengthen the EU budget in a limited number of areas. Finally, the European leaders did not adopt any decision yesterday and limited themselves to indicating, in the conclusions, that, “after their in-depth exchange of views”, they invite the Council “to continue with its work, with a view to reaching a general agreement before<\/span><\/span> at the end of the year.\u201d <\/span><\/span>\u201cThis is an objective shared by all and I assure you that the Spanish Presidency will make every effort to achieve it,\u201d<\/strong> said Pedro S\u00e1nchez.<\/p>\n

 <\/p>\n

Likewise, and closely related to the Multiannual Financial Framework, European leaders discussed the economic governance of the Union, with special attention to the relaxation of the new fiscal discipline rules<\/strong>. In the text of the conclusions, the 27 invite the Council \u201cto move forward with the review of economic governance, with a view to concluding the legislative work in 2023.\u201d In this sense, the acting president assured that the commitment of the Government of Spain is that, under the Spanish Presidency, this file “also concludes before the end of the year.”<\/p>\n

 <\/p>\n

The Economic and Financial Affairs Council on 17 October concluded without an agreement on the review of the EU economic governance framework, the set of common rules for national fiscal and economic policies that apply to all Member States and that They serve to ensure the sustainability of public finances and promote convergence, while addressing macroeconomic imbalances.<\/p>\n

 <\/p>\n

In 2024, the four-year suspension of fiscal rules ends, which will imply the recovery of the Stability and Growth Pact, which sets the reduction of the deficit and public debt of the States at 3% and 60% of the Domestic Product Gross (GDP), respectively. The objective of Spain, France and Italy is for the rules to be more flexible and more adapted to the situation of each country in order to avoid the systematic non-compliance that occurred with the previous framework. To do this, they will have to convince Germany, the current leader of the \u201cfrugal\u201d countries, which defends strict rules regarding deficits and public debt. Therefore, everything depends on the two giants of the EU, France and Germany, agreeing.<\/p>\n

 <\/p>\n

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

Regarding the other strong point of the Council, Ukraine<\/strong>, the 27 were attended, by videoconference, by President Volodimir Zelensky. \u201cWe reaffirm our unwavering support for Ukraine, something that we believe is especially appropriate to reiterate at a time when the international focus is shifting to the Middle East,\u201d S\u00e1nchez declared. To date, the EU and its Member States have made more than \u20ac82 billion available to Ukraine and \u201cwill continue to firmly support Ukraine for as long as necessary, including through economic, humanitarian, military and diplomatic means,\u201d declared the European Council.<\/p>\n

 <\/p>\n

Furthermore, the EU and Member States commit, in the final conclusions, to continue providing sustainable military support to Ukraine through the European Peace Fund and the EU Military Assistance Mission, as well as bilateral assistance from States, but it makes it clear that \u201cmilitary support and security commitments will be provided in full respect of the security and defense policy of certain Member States and taking into account the security and defense interests of all Member States.\u201d<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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