22
Jun
2022
Watch
Implementation of the Recovery and Resilience Facility (debate)
Madam President, Commissioner Gentiloni, the Commission has to present the assessment on the Recovery and Resilience Facility by 31 July. And with this report from the European Parliament we intend to contribute constructively to this assessment. It is true that we have only been implementing the recovery plans for a year, but I believe that the data available to us so far can be considered quite positive. The response to the crisis has been, unlike in 2008, forceful, coordinated and above all innovative, overcoming many barriers and breaking some taboos. Because we not only decided to create a fund of almost EUR 700 billion, but that fund has been financed with European debt and will also be repaid with new European taxes. That is, a fund that applies a double solidarity for both expenditure and income. And this time, yes, the Union has demonstrated its clear commitment to its citizens, its businesses and its territories. The fund has already had and will have very positive effects on the economies of our countries. It is giving stability to our economies and is allowing us to maintain high levels of investment at a time of great global uncertainty. The pandemic first and the war afterwards have shaken many of our organisational structures and, above all, have highlighted the need for strategic autonomy in essential supply chains, critical services and infrastructure. This fund is not the solution to all our needs, but it is laying a very solid foundation thanks to the reforms and investments that are being financed. We were right when, as Parliament, we proposed adding four more pillars to the objectives of the green and digital transition that have focused on the economy, on social and territorial cohesion, on health and institutional resilience and, of course, on support and protection measures for our children and young people. The six pillars have been translated, for example, into a 37% green target, which we will follow very closely to make it real, something that for the moment seems to be in doubt, and into a 20% digital target, which has been far exceeded with the plans presented and we reach almost 30%, thanks to which SMEs, public services or the health sector are benefiting. In the social field, according to the Commission's estimates, we are about 20% of expenditure, which is not a bad thing and thanks to it, employment incentives for disadvantaged groups are being financed, for example, or labour legislation is being amended to provide greater protection, quality and stability in jobs. But we have also found that some governments have not sufficiently taken into account the socio-economic impact of the pandemic on women and the most vulnerable groups and have therefore not calibrated well the social dimension of their plans. Health systems are also benefiting from European investment, with significant improvements in hospital infrastructure, strengthened primary care and prevention. But you have to give a tug of ears here, because of the lack of commitment to mental health. This has to be a European priority. And I would like to end with two cross-cutting points that I consider essential. First, respect for the rule of law. This Parliament has positioned itself very clearly – the Member States have to comply with each and every one of the obligations deriving from the rule of law – and has been blunt in that the recovery plans of the non-compliant countries should not be approved. This is the case with Hungary and it was the case with Poland, although here both the Commission and the Council are of the opinion that the conditions are in place to move forward, something that we as a Parliament do not share, and I repeat it again: not a single euro disbursed until all agreed measures have been implemented. This is a matter of the highest priority and importance for Parliament, for my group and especially for me, as rapporteur for the two regulations on recovery and resilience, but also for budgetary conditionality in relation to respect for the rule of law. And secondly, the new scenario after the Russian invasion of Ukraine. The impact of the war is translating into millions of refugees that we have to take in, in very high inflation rates, in sky-high energy prices. This adds much more pressure to the situation created by the pandemic. When we negotiated this Mechanism, we were aware of the need for a green transition by ecology, but also by economy. Today the urgency is more evident: for the heat waves, for the price of gas and for the need to disconnect from Russia. And, with REPowerEU, we will try to adjust needs with available funding to maximize impact, but let's not cheat, there isn't much more money. It is almost the same budget and European budgets are also on the limit. In pandemic we did the hardest thing: change our paradigm. Let us now reflect together on how to build a new financial architecture based on these last steps that we have all fruitfully taken together.