Von der Leyen believes that financial reforms in the EU will take place by the end of the year

Von der Leyen met with the President of the Spanish Government, Pedro Sánchez, who assumed the presidency of the EU as of July 1, in Madrid and made a statement to the press.

“It is necessary to approve the reforms to the fiscal rules by the end of the year. This is a very important transaction and I am confident that we will achieve it”. The president of the EU Commission said that the Spanish presidency would also help the process.

In the current situation, it is intended to reduce the levels of public debt of the countries in a realistic, gradual and sustainable manner within the framework of the reform of the fiscal rules that are on the negotiating table in Brussels.

Public debt should be adjusted to 0.5 percent to 3 percent of gross domestic product (GDP), while gradual debt reduction of up to 4 years is recommended.

While increasing this up to 7 years is also discussed, some countries like Germany are cautious about it.

EU MIGRATION AND ASYLUM PACT

On the other hand, it was reported that another issue discussed at the Sánchez-Von der Leyen meeting was the EU Migration and Asylum Pact, which is expected to be ratified at the end of the year.

Von der Leyen stated that he fully believes that the early general elections to be held in Spain on July 23 will not affect the EU presidency, and said that progress will be made within the Union on issues such as the Migration and Asylum Pact and the reindustrialization of the EU and support for Ukraine.

Von der Leyen also referred to the climate change crisis, arguing that all political parties, whether on the right or on the left, are afraid of the future by constantly looking to the past.

“Climate change is a reality. We have a vision of how we will approach it, how we will face its challenges, but also how we can take advantage of opportunities such as new technologies and innovation, how we can grow and develop economically while reducing emissions, protecting the environment and nature. , and demonstrate all these possibilities.” he used the phrases.

SANCHEZ INTENDS TO BRING THE EU CLOSER TO ITS CITIZENS

The President of the Spanish Government, Sánchez, also emphasized that the EU has distanced itself from its citizens due to the Covid-19 epidemic, economic problems and the Ukraine-Russia War, but that they will follow a policy that brings the Union closer to its citizens. during the 6 -Month of presidency.

Noting that one of his priorities during the EU presidency will be the current situation and the future of Ukraine, Sánchez said: “The EU will continue to support Ukraine as long as Russia’s occupation continues. We will continue to defend Ukraine and accompany Ukraine on its accession path, observing the steps that the EU Commission will outline in its autumn report. Europe and Ukraine are together until the end of the victory”. saying. (AA)