(ANSA) – ROME, JANUARY 17 – “It must be very clear that we are not here to repeat old discussions but we are facing a completely new situation for the level of debt, which all countries have increased in reaction to the pandemic, and for the enormous need for investments to support the climate transition “. This was stated by the European Commissioner for the Economy, Paolo Gentiloni, before joining the Eurogroup, highlighting that in the debate on the revision of the EU rules on public accounts, we must take into account the need for new budget rules capable of guaranteeing “stability” but also “lasting, stable and sustainable growth”.
Along the same lines, the French Minister of Finance, Bruno Le Maire, who remarked that “growth comes before stability: lasting and just growth is indispensable for European citizens”, while for Austria “the debt remains a debt” and “This is why we are committed to returning to stricter budgetary rules when the crisis is over” clarified Austrian Finance Minister Magnus Brunner. A line on which Germany also takes sides. “The Stability Pact has shown to be flexible during the crisis, now is the time to build the space in the budgets to make the public sector resilient as well,” said German Finance Minister Christian Lindner.
Spain advocates a “pragmatic approach” that takes into account the “very different” situations in which the countries of the euro zone find themselves with regard to the public debt / GDP ratio.
The Spanish Minister of Economy, Nadia Calvino, also warned against the risks of a “premature withdrawal of the monetary and budgetary policy support measures we have adopted to tackle the pandemic”. (HANDLE).
Source From: Ansa