March 3, 2021

“In terms of funds, we have to present a coherent reform plan to the EU”


MADRID

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The Government wants this to be the year of recovery, promoted through the European funds that will begin to arrive in Spain and the long-awaited vaccination. This was stated in her speech at the Euroforo organized by Vocento by the third vice president of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, who defined this year as «key». “We have to make 2021 the year of recovery”, has asserted.

These words come a few days after the European Parliament has approved the rules to access the 672.5 billion in transfers and loans to the countries, now depending on the approval of the Council and initiating the next step to verify the progress, projects and reforms presented by member states. Calviño has referred to the plans that the Government must present to the EU to give the green light to the arrival of the 140,000 million that correspond to Spain, with areas and investment ideas, yes, but talso with reforms to be approved that target the labor market or pensions, as stated in the latest recommendations from the European Commission.

“It has to be a coherent reform plan”, has emphasized the vice president, who has indicated that the Executive has been working since summer on this document, with the 30 priority areas of investment so that the European institutions «approved in June and that in the second half of the year resources begin to be channeled».

“But that doesn’t mean that we can’t go running it before. Thanks to the General State Budgets for 2021 we have an endowment from January 1 of public investment that is aimed at these 30 components “, he has abounded, referring to the 27,000 million euros that the advance accounts contain so that the Executive will borrow in advance to cover the part that corresponds to Spain this year according to his calculations.

European Commission forecasts

However, the Budgets are based on GDP growth that, including the impact of European funds, will amount to 9.8% according to the Executive, a figure that, even without the effect of EU resources, of 7, 2%, is far from what was predicted by the senior staff of agencies. Without going any further, Brussels, only expects for our country an economic advance of 5.6% in 2021 according to the estimates published this morning, before which the minister has valued that our country is one of the best this year and the next, after experiencing the biggest drop in 2020, of -11%. «Today the European Commission has published its forecasts, which cconfirm that in 2021 Spain will be one of the countries with the highest growth rate also in subsequent years“Calviño has referred.

The vice president was presented at the Vocento Euroforo by the director of ABC, Julián Quirós, who has expressed the «Business concern»On the status of the plans for the arrival of funds from the European Recovery Plan, an initiative« at the height of the remembered post-world war Marshall Plan.

In the subsequent discussion table, moderated by the deputy director of ABC, Yolanda Gómez, participated Margaritis Schinas, Vice President of the European Commission and European Commissioner for Promotion of the European Way of Life; Ricardo Mourinho Felix, Vice President of the European Investment Bank (EIB); Miguel Arias Cañete, former European Commissioner for Climate Action and Energy; the former President of the Spanish Government Felipe González and the President of Iberdrola, Ignacio Galán.

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