Sánchez's Euro ATM: Madrid Empties Covid Funds to Pay Pensions - Economic Scenarios
6 Articles
6 Articles
The government of Pedro Sánchez used funds from the European Union's Recovery and Resilience Mechanism for the green and digital transition to cover current state expenditure.
Body emphasizes that the budgetary modifications are an "ordinary instrument", whether or not there are extensions, and that the European manna has been destined "exclusively" to the Recovery PlanThe government moves to Brussels that will moderate the advance of public spending after firing investments in Defense The government denies having used European funds for the payment of pensions and defends the legality of making budgetary modification…
It is a well-known socialist problem: the Spanish government lacks money. In order to finance its own social system, EU funds were apparently diverted from the Corona building fund. Thus, EU tax payers financed pensions and social assistance for the Spaniards. The biggest net payer is Germany, which is increasingly using the red pencil among its own citizens. Where exactly have the 577 billion euros leaked from the Corona building fund of the EU…
The President of the Committee on Budgetary Control of the European Parliament, the German Andreas Schwab, attacks the practice detected by the Court of Auditors that...
The main power of the European Union, Germany, has exploded against Spain because of the diversion of European funds for the payment of pensions and other social assistance such as the Vital Minimum Income. German media like Welt and Bild have begun to echo the situation after the German government has intensified its criticisms. Read more: Brussels examines the use of 2,389 million ‘Next Generation’ for the payment of pensions in Spain The cont…
Sánchez's Euro ATM: Madrid empties Covid funds to pay pensions - Economic Scenarios
When the European Union launched the colossal NextGenerationEU plan in 2020, the promises were grandiose. There was talk of ecological transition, industrial recovery, and a digital future. A few years later, the reality of public finances tells a different story. Pedro Sánchez's Spanish government has transformed European funds into a convenient ATM to cover the gaps in its own social security system . Now, something we have failed to imitate S…
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