{"id":116081,"date":"2019-03-25T07:00:28","date_gmt":"2019-03-25T07:00:28","guid":{"rendered":"https:\/\/www.bnreport.com\/madrid-backs-strengthening-eu-industry-but-not-at-any-price-2\/"},"modified":"2019-03-25T07:00:28","modified_gmt":"2019-03-25T07:00:28","slug":"madrid-backs-strengthening-eu-industry-but-not-at-any-price-2","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/madrid-backs-strengthening-eu-industry-but-not-at-any-price-2\/","title":{"rendered":"Madrid backs strengthening EU industry, but not at any price"},"content":{"rendered":"<p>MADRID \u2014 Spains Prime Minister Pedro S\u00e1nchez has endorsed Franco-German calls to strengthen industrial policy in Europe, but warned against weakening competition rules.<\/p>\n<p>\u201cIts essential to reinforce industrial capacities, pooling resources to fund big high-tech projects on a continental scale,\u201d S\u00e1nchez said in a speech in Madrid on Tuesday, adding that the EU should be able to \u201ccompete globally\u201d and \u201crival the vigor of the U.S., China or India.\u201d<\/p>\n<p>However, he <a href=\"https:\/\/twitter.com\/desdelamoncloa\/status\/1108067267990994944\" rel=\"noreferrer\" target=\"_blank\">said<\/a>, this \u201ccant be done at the expense of weakening competition policy or concentrating economic power in the most privileged regions and broadening differences within the Union.\u201d<\/p>\n<p>The Spanish leaders words indicate Madrid favors rethinking the EUs competition policy, but is reluctant to give the Council a \u201cright of appeal\u201d to \u201coverride\u201d the Commissions decisions on mergers and acquisitions \u2014 as France and Germany <a href=\"https:\/\/www.gouvernement.fr\/sites\/default\/files\/locale\/piece-jointe\/2019\/02\/1043_-_a_franco-german_manifesto_for_a_european_industrial_policy_fit_for_the_21st_century.pdf\" rel=\"noreferrer\" target=\"_blank\">have proposed<\/a>.<\/p>\n<p>Asked about the issue in Brussels last week, Economy Minister Nadia Calvi\u00f1o <a href=\"https:\/\/www.youtube.com\/watch?v=LtP14IPULeU\" rel=\"noreferrer\" target=\"_blank\">told<\/a> reporters that she is against \u201cchanges that could entail a weakening of the [competition] policy that the European Commission has so far exerted in an exemplary way.\u201d<\/p>\n<blockquote><p>\n\u201cNow Britons are discovering what life without Europe could mean\u201d \u2014 <em>Pedro S\u00e1nchez<\/em>\n<\/p><\/blockquote>\n<p>In his speech on Tuesday, S\u00e1nchez defended a more equitable and social EU \u2014 describing social democracy as \u201cthe DNA of Europe\u201d \u2014 and put forward a series of proposals aiming \u201cto protect Europe so that Europe can protect its citizens.\u201d<\/p>\n<p>S\u00e1nchezs eight-point roadmap includes completing the banking union, consolidating the fiscal pillar of the euro, setting up the proposed European deposit insurance scheme and a eurozone budget, as well as a \u201ctrue European army\u201d and a \u201cbinding\u201d strategy on gender equality.<\/p>\n<p>The Spanish Socialist leader also slammed proponents of Brexit, as he has done in the past. \u201cBrexit is the symbol of a time in which lies are gaining ground,\u201d he said, adding that referendums are not the right mechanism to solve complex problems.<\/p>\n<p>\u201cNow Britons are discovering what life without Europe could mean,\u201d he said. \u201cTheyre discovering that, by voting for leaving, they voted for reduced wealth, increased confinement, lesser influence and greater loss of real, tangible benefits.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2019\/03\/h_55059468-714x476.jpg\"\/><\/p>\n<p>A poll of polls for El Pa\u00eds put S\u00e1nchezs Socialists in the lead ahead of the April election | Fernando Alvarado\/EPA<\/p>\n<p>S\u00e1nchez, who faces a general election on April 28, said that Spain wou<a href=\"https:\/\/www.politico.eu\/article\/pedro-sanchez-madrid-backs-strengthening-eu-industry-but-not-at-any-price\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer\" target=\"_blank\"><strong>Read More<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADRID \u2014 Spains Prime Minister Pedro S\u00e1nchez has endorsed Franco-German calls to strengthen industri..<\/p>\n","protected":false},"author":1,"featured_media":116082,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-116081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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