September 23, 2020

Calviño asks to avoid the “noise” of the rescue and supports the Franco-German proposal

Vice President for Economic Affairs, Nadia Calviño, urged on Tuesday to overcome the “noise” about a possible rescue request to focus on a common European approach to tackle the coronavirus crisis, in line with the proposal launched by France and Germany.

In an interview on Cadena Ser, Calviño insisted that Europe seeks a “common response to a common challenge”, for which he asked “to try to overcome all that noise that surrounds us and which is not constructive”, referring to a possible rescue.

In this sense, the vice president has been satisfied with the initiative of the French president, Emmanuel Macron, and the German chancellor, Angela Merkel, to create a fund of 500,000 million euros for the regions and sectors most affected by the pandemic.

This idea, “very much in line” with the Spanish proposals, constitutes “a very important step in the right direction”, since it offers “a much better basis” for negotiating a true European reconstruction plan with a common debt logic.

Regarding the need to carry out reforms pointed out last Monday by the Governor of the Bank of Spain, Pablo Hernández de Cos, Calviño has assured that plans will begin to be made in the medium term once Spain passes to the next economic “phase”.

Regarding the Government’s intention to propose an extension of the state of alarm that covers the entire de-escalation, Calviño has limited himself to pointing out that a common framework is needed and that he trusts that “all the political parties are up to the task.”


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