Changes have been underway for “several years and the situation was deteriorating even before the recent rates raising. Therefore, internal political fragmentation and weak growth has made an actual European response more difficult. But the most recent events represent a breaking point. The massive use of unilateral shares to resolve commercial disputes and the definitive exhaustion of the WTO have undermined the multilateral order in a difficult way reversibleand “. The former premier said so Mario Draghi Speaking at the Cotec summit that takes place in Coimbra.
“The EU has reformed its tax rules and has activated the” safeguard clause “to facilitate the increase in defense expenses. But so far only 5 of the 17 countries of the euro area – which represent about 50% of the GDP – have opted for a prolonged adjustment period. When the debt is already high, the exemption of categories of public expenditure from the budget rules can only go to this context. The EU common debt issue to finance common spending is a key component of the roadmap, “added Draghi.
Mattarella: “Avanti without delay on EU competitiveness”
“In these days the symposium celebrates the twentieth anniversary of its first edition and, as every year, the proposed theme – the competitiveness – appears at the top of the agenda of European governments and community institutions. Progress without delay and effectively in this context is widely considered an indispensable condition for the further study of the continental integration project, the strategic relaunch of the European Union and the preservation of a prosperous economy for its states for its states Members and citizens “. This was said by the President of the Republic, Sergio Mattarella, speaking at Cotec in Coimbra.
“Our Symposium therefore has the merit of launching” an appeal to action “of great topical: it is in fact urgent, I would say a priority, that Europe acts, because being stopped is no longer an option – added Mattarella -. The risks of immobility are well identified in the dragon relationship as in that read, on the future of the internal market: the hypothetical consequences for Europe, for example in terms of retreating in the material conditions of well -being or Irreversible removal from the technological frontier, vulnerability on the strategic and geopolitical plans would also increase, reducing the ability to counter the current disturbances of the international order.