The large European powers – Germany, France, Italy, Spain and the Netherlands – form a common front to the EurogrupoThe forum that brings together the ministers of the eurozone economy, which has lost much of the fame and political weight that it had during the debt crisis and the era of rescue operations.
The five countries have drawn up a joint document in which they claim “Strengthen the efficiency of the euro group“And they propose a work program aimed at” important “cases for member states, in particular the strengthening of the international role of the euro, the banking association or the improvement of competitiveness.
This initiative is presented on the eve of the election of the new president of the Eurogroup, a position for which the Minister of Economy has processed, the Minister of Economy, Carlos Body. “It’s fast. The candidate process is not even open. We didn’t make a decision about it,” said Body In an interview with The newspaper On 8 June.
Because the first information about their interest in the office came to light, the Minister of Economy has defended that his priority is to strengthen the Eurogroup, in accordance with the dissertation of the document signed with Germany, France, Italy and the Netherlands. However, this initiative does not mean that the big powers support the application of the body, according to European sources.
“The Eurogroup must have its own voice and has to take a step forward. The Eurogroup must resume a dynamic and active role that he had had in previous times“, body holds.
The deadline for the presentation of candidates for presidency is launched in the Eurogroup that will be held in Luxembourg on Thursday. The current president, the Irish Paschal DonohoeThat Nadia Calviño defeated in 2020 has announced that she wants to repeat it. AND You all have to win Because his political family, the European popular party, is the majority on this forum as in the rest of EU institutions.
In the coming days and weeks the body will have to teach your letters and decide whether you are finally taking the step and you are present. The election is planned for the Eurogroup next July 7.
“For us, this document is about the fund, not the costs. We want to contribute constructively to improve the effectiveness of the Eurogroup. It is a responsibility that is shared by all its members, hence the document. This is not a criticism of Donohoe or Body Support“, explains to El Español-Invertia one of the signatories of the text.
The joint initiative of Germany, France, Italy, Spain and the Netherlands claims that the Eurogroup focuses its debates on the most important things for the euro zone. In particular the establishment of a union of savings and investments and a banking union, the impulse of the digital euro and the newspaper of the single currency as a world reserve, course monitoring or the impulse of competitive capacity.
In addition, the Eurozona powers claim to improve the working methods of the Eurogroup, with better preparation of the meetings, less overlapping with the Ecofin (where the 27 Member States are present), and less frequent and shorter meetings.
