21
Nov
2022
Watch
Borrowing strategy to finance NextGenerationEU (debate)
Madam President, ladies and gentlemen, first of all, yes, indeed, like José Manuel, I would like to thank all the colleagues who have spoken in this debate and to thank the Commissioner. Some elements of reaction: This is a lesson that I have not heard and which I would like to share with you this evening, and then, of course, an update on one of our favourite topics with José Manuel, namely own resources. Interventions have shown to a large extent how successful this recovery plan is in many respects. It must also be borne in mind that this success is proof that getting out of our budgetary dogmas can pave the way to a better world. This must even be a necessity when it comes to protecting and asserting Europe in a world in crisis. If I say otherwise: Let us not rule out the possibility of taking out other European loans, in particular to get out of our dependencies, which weaken us every day. This is what is at stake in the future European Sovereignty Fund, which we have been calling for since last spring, Commissioner, and we are awaiting concrete proposals from the Commission following the announcement made by President von der Leyen last September. Second element, indeed, own resources – this has been recalled by many of you. Let us remember collectively that Europeans will only see the recovery plan as a full success if we respect the repayment agreement. We have collectively decided that it is the big polluters, the foreign CO2 importers, the big multinationals who do not pay their fair share of taxes, the financial speculators, who would bear the burden of this loan. It is not only a matter of tax and social justice, it is also a matter of respecting our collective commitments and our credibility with investors. We promised them, we MEPs, committees, Member States, we promised them that this would not be done by raising taxes or cutting European programmes such as aid to farmers or Erasmus. So yes, let us be happy to see our economy re-established, but let us not consider that the work to make Europe more powerful and independent is over. We still have a lot of work to do.