Brussels / “We have shown that the magic of the European project works because, when we thought it was impossible, there is a way out thanks to respect and cooperation,” said the President of the European Council, Charles Michel, on Tuesday at the end of the European summit to respond to the economic crisis of the coronavirus.
Rated by all as “historic”, from this summit, the second longest in the EU after Nice, a rain of 750,000 million euros comes out for the countries most affected by the pandemic from a common debt issue.
In addition to being “historical”, everyone is satisfied: the most affected because they receive a large amount of money that will help them recover; taxpayers to the fund because, they say, they have put the conditions for the affected countries to enjoy that money.
Those who will receive the most money from the fund
Italy: Italian Prime Minister Giuseppe Conte stated that “it is a historic moment for Europe and for Italy (…). We are satisfied: we have approved an ambitious recovery plan appropriate to the crisis we are experiencing. ” Italy will receive some 209,000 million, of which almost 82,000 will be in the form of transactions and about 127,000 as credits, Conte revealed.
Spain: The head of the Spanish Government, Pedro Sánchez, spoke of a “great agreement for Europe and for Spain”, with which one of the “brightest pages in the history of the European Union” is written. He said that Spain maintains -among aid and loans- the amount of the fund that it expected to receive, about 140,000 million euros. Of those 140,000 million, more than half, 72,700, will be transfers or direct aid
Portugal: The Prime Minister of Portugal, António Costa, said that the agreement is “an important sign of confidence for the economic and social recovery effort” in the face of the coronavirus crisis. He stressed that Portugal will have available “more than 45,000 million euros for the next seven years.”
France: The French President, Emmanuel Macron, spoke of “a historic change in our Europe and the euro zone”, by pooling budgetary capacity and opening the prospect to own resources. Later, the French Minister of Finance, Bruno Le Maire, estimated that France will receive 40,000 million in grants from the European reconstruction plan.
Greece: Greek Prime Minister Kyriakos Mitsotakis assured that “it is a unique opportunity for Greece and Europe to take a great step forward and we have no intention of wasting it.” Greece will receive from the recovery fund, which will be financed with the issuance of common debt at the European level, some 70,000 million euros, of which 19,000 million will be in the form of a subsidy and 12,500 million will be credits.
The German presidency, which has to manage the processing
German Chancellor Angela Merkel said this is the “united Europe” response to a situation that called for “extraordinary responses.” “Europe has shown in this situation to be able to act,” he said. Germany “settled” for maintaining the current level of the discount it receives for its contribution to the budget (3,670 million annually). In the next seven years, it expects to receive 650 million from the funds for the eastern regions of the country and another 650 million for agricultural development.
The so-called “frugal”
Dutch Prime Minister Mark Rutte considered that the “Dutch interests are well protected” agreement. Rutte said he was “satisfied” with the result achieved because it is “a comprehensive and good package” for those most affected by COVID-19 and celebrated that, in the end, “in the most extreme cases, the brake on an emergency if those countries have not done enough. ”
The Austrian federal chancellor, the conservative Sebastian Kurz, welcomed the fact that “very strict control” has been established of the use of financial aid. In his opinion, it was possible to agree on the financial framework and “achieve an adequate response to the coronavirus crisis.”
Finnish Prime Minister Sanna Marin called the agreement of the European Union (EU) “good for Finland”. The Finnish Parliament (Eduskunta) had rejected last June the original proposal of the European Commission (EC) and even questioned the legality of the formula for loans and grants.
Swedish Prime Minister Stefan Lofven said: “We have reached a good agreement for Sweden at a time when Europe is facing great challenges. With the recovery package we are better equipped to handle this crisis and its economic effects. ” Your country has improved the discount it received from its contribution to the Community budget, which has gone from 798 to 1,069 million euros.
Danish Prime Minister Mette Frederiksen said that “together we have achieved results that are good for both the bloc as a whole and for our country.” “It has been two nights with hardly any sleep. But it was necessary and it was worth it, ”added the prime minister, whose country has managed to increase the discount of its contribution to the bloc from 197 to 377 million euros per year.
Those who were concerned about conditionality in rights: Hungary and Poland
Polish Prime Minister Mateusz Morawiecki believes that the agreement reached on Tuesday by the leaders of the European Union (EU) does not include a “direct relationship” between the rule of law and the collection of funds, an issue that confronted the so-called Group of Visegrad and Holland.
The final text introduces for the first time a conditionality between the receipt of budget funds and respect for the rule of law, of which Poland and Hungary were suspicious; It also envisages the goal that 30% of budget and recovery fund spending support climate goals, an issue that was also rejected by Warsaw.
Attempts to link EU funding to the rule of law have been “successfully thwarted,” said Hungarian Prime Minister Viktor Orbán. Hungary and Poland have demonstrated “that it is unacceptable for nations that inherited the rule of law to criticize and give lessons to nations that are fighting for freedom and that have gone through very hard times and have done a lot against communist regimes”, said. (July 21, 2020, EFE / PracticaEspañol)
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