The discussion on an extension of the European Fund has emerged within the EU due to the already visible repercussions of the war in Ukraine, which is reflected in a surge in inflation and a slowdown in growth.
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“I am open to a new prioritization of available funds.” The German Finance Minister said on Saturday March 26 that he was open to an adaptation, in the light of the war in Ukraine, of the priorities of the European recovery plan adopted by the European Union (EU) to deal with the Covid-19 crisis. 19. Christian Lindner conversely said against the idea of a new pooling of European funds, in an interview to be published in the Frankfurter Allgemeine Sonntagszeitung newspaper on Sunday.
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“We don’t need new mutual funds with common debts”pleads the minister, also president of the German liberal party FDP and as such a supporter of rigorous budgetary policies. “Investments in infrastructure, energy and competitiveness are necessary”he argued, but “no more state consumer spending or postponement of reforms”.
The discussion on an extension of the European Fund has emerged within the EU due to the already visible repercussions of the war in Ukraine, which is reflected in a surge in inflation and a slowdown in growth.
In the wake of the pandemic, the 27 European Heads of State and Government adopted in 2020 the largest recovery package ever decided in the European Union, with a total amount of around 800 billion euros. euros for the reconstruction of post-Covid Europe. This plan must be financed through loans shared between European countries, a first.