this Draghi report which is beginning to fear | EUROtoday

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HAS What good is a European election if a very powerful selections aren’t debated beforehand, and in broad daylight? This is the which means of the letter that Pieter Omtzigt, the chief of the NSC (New Social Contract, Dutch conservative) despatched to Ursula von der Leyen, the president of the Commission. This commissioned a report on competitiveness in Europe from Mario Draghi, the previous president of the Italian Council. This doc will solely be printed after the June 9 vote.

For Pieter Omtzigt, this programming is “unacceptable”. “The Green Deal [Pacte vert, NDLR] “showed that a post-election policy proposal, which was not part of the public debate before the elections, lacks democratic legitimacy and is relatively easily overturned,” he writes, referring to the recent farmer protests that led the Commission revised the Common Agricultural Policy (CAP).

“The democratic foundations of the Union are already weak and will be even weaker if such ambitious proposals are only put forward after the elections. Instead, we need to give citizens more of a voice in the political direction of the European Union (EU),” he provides.

A wall of investments

The Dutchman is all of the extra fearful as Mario Draghi makes little secret of his conclusions. He spoke about it to the Ministers of Economy and Finance, assembly in Ghent (Belgium), on February 24. “The European Union must find an enormous quantity of money in a relatively short time,” confided the previous emblematic boss of the European Central Bank, who estimated the funding wall at 500 billion euros. For Mario Draghi, a brand new widespread mortgage needs to be contracted by the Twenty-Seven just like the 750 billion euros already borrowed, below the restoration plan (referred to as NGEU), in the course of the Covid-19 pandemic. 19.

The debate between the frugal and the others rears its head within the letter from Pieter Omtzigt, co-signed by Dirk Gotink, head of the NSC checklist within the European elections. “European nations will already be faced with the repayment of the recovery fund and the payment of its interest is still not financed,” underline the 2 males. The Netherlands will obtain a most of €4.5 billion from these funds, however should contribute round €35 ​​billion between 2028 and 2058, representing round €1 billion in further funds to the EU per 12 months. 12 months. In addition to the numerous further monetary strain that the NGEU locations sooner or later on internet contributors just like the Netherlands, the findings of the Euco [Conseil européen, NDLR] of July 2020 state that that is an distinctive response to those short-term however excessive circumstances, and that the powers granted to the Commission over borrowing alternatives are clearly restricted by way of measurement, period and scope. »

Mario Draghi will not be the one one to toy with the concept of ​​a brand new joint mortgage. Kaja Kallas, the Estonian Prime Minister, proposed a joint mortgage of 100 billion euros to finance the protection effort in Europe. Emmanuel Macron and the Belgian Prime Minister supported this concept. “We are not fans of these kinds of ideas now,” replied the Point Chancellor Scholz, on the finish of the final European Council.

Regulatory strain

“I knew a world where Germany and France agreed to convince the frugal. And in that world, moreover, Germany was not considered a frugal country strictly speaking,” Emmanuel Macron mentioned on February 26, as a approach of claiming that he regretted the time when Chancellor Merkel was extra cooperative than the present SPD chancellor. “I believe that no European country can say that the Russian attitude today and the war of aggression in Ukraine do not affect it. And so, I think that this is exactly a situation of what we would call a totally symmetrical geopolitical shock which justifies exceptional measures. I therefore support the Estonian Prime Minister's proposal. »

Pieter Omtzigt, whose party received 12.88% during the legislative elections in the Netherlands on November 22, 2023, is engaged in long and complex negotiations for the formation of a coalition government with the populist Geert Wilders – opponent of the EU. He insists that the deterioration of European competitiveness is also the consequence of “regulatory pressure that the EU has exerted on the European economy during this mandate”. He factors to the Commission's lack of ability to implement the “one for one” rule aimed toward eradicating a regulation every time a brand new normal is created.

The value of requirements in Europe will not be quantified. According to Agnès Verdier-Molinié, director of the Foundation for Research on Administrations and Public Policies (Ifrap), the Commission will not be clear about this “paper tax”. The value of requirements in France could be 100 billion euros. Eighty billion euros would weigh on firms, of which “20% would be attributable to European standards”, she estimated throughout a convention organized by Medef on March 28.