Monday morning on Financial Times published an editorial in which it anticipates the meeting of European leaders in Brussels on 17-18 July to reach an agreement on the Recovery fund: a € 750 billion plan financed through the common debt to revive the European economy, and in particular that of the countries most affected by the pandemic. The newspaper attacks the skepticism of the countries of the North, especially Mark Rutte’s Holland, towards the plan and funds for Italy, which Austria has also held back.
The Financial Times: solidarity has a price for Rutte
“The unofficial leader of the” frugal countries “- writes the Financial Times after explaining the proposals on the pitch – it’s Mark Rutte, the Dutch prime minister. Having perhaps realized that he cannot resist the fund forever, Rutte insists that the Hague and all other national capitals, instead of the Commission, have the final say in deciding whether a country deserves aid. According to him, a national veto is the democratic price of solidarity. But the idea that the Dutch Parliament dictates the terms to the Italian or Spanish one is deeply undemocratic. It would also be counterproductive and politicize the whole process, and governments would do business with each other. “
«He doesn’t want to pay for a stronger Europe»
According to the London newspaper, Rutte – interviewed at the beginning of July by Paolo Valentino for 7 – «adheres in words to the idea of a stronger geopolitical Europe, but does not want to accept the price to pay for it, especially in view of the national elections on next year”. After explaining Rutte’s electoral fears in the face of far-right Eurosceptics, the Ft explains: “Rutte’s opposition to recovery has strong support in Parliament. His moralistic tones sound good in front of an audience that has thrived from an open and liberal economy, from seven decades of belonging to the European Union, and who wonders why Italians and Greeks cannot be more like them. But nobody should be blamed for this crisis. “
The attack on the Dutch tax system
The lunge towards the Dutch premier also affects the Dutch tax system: “Reforms that improve productivity – writes the Financial Times – are extremely necessary in most of southern Europe. The members of the North must rebalance their economies, removing them from excessive surpluses. Other capitals might wonder if their public finances would not be in a better shape if the Hague did not blow their tax revenues through a very favorable corporate tax regime. Each country must do its part. ” Otherwise, it is the warning of the newspaper, linking aid to complex and controversial reforms imposed from afar “could be a costly mistake from which all Europeans would end up losing”.
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