Brussels gives space to Spain to complete reforms on fourth disbursement of European funds

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‘No’ to Podemos at the Congress of Deputies unemployment benefit reformone of the sixty milestones that must be met for access fourth payment of the rescue planforced Government of Pedro Sánchez initiate a bilateral negotiation to try to guarantee access 10 billion euros In connection with the disbursement of funds from the Next Generation EU programme: with Brussels and with social actors at local level. European Commission He preferred to give the Executive room before deciding to request payment for now.

Spain is the last to demand the fourth payment 20 December and the Community Manager is currently evaluating the request. habitually Analysis period is two months although it may take longer. For now, Brussels has given permission one month extension It is possible that this period can be extended further due to the Christmas holiday. “The evaluation period has been extended by one month and may be extended further. This is not unusual. Similar extensions agreed Romania, Bulgaria, Italy and Cyprus in previous payment requests,” explains the European Commission spokesperson.

This means Brussels would normally have to review the request by the end of March, but this could be extended beyond the planned date if agreement is reached with Madrid. An extension that offers an oxygen cylinder For the government to try to accelerate unemployment benefits reform, as the Vice President of Labor previously explained, Yolanda Diaz.

Two-way negotiation

“We are in discussions with the Commission on this issue, as we have done with previous payments. compliance with milestones and goals It has to do with this payment. “We are working in parallel at the domestic level to continue progressing on the milestones and targets that need to be met,” the economy minister explained. Carlos’ Body When he arrived at the Eurogroup meeting, he became the first person to attend as a minister. “Is there The two negotiations need to develop in parallel “And we will continue to receive the signal of confidence and funds flowing into the Spanish economy,” he added. 60 milestones and goal achievement.

What happens if no agreement is reached before Brussels announces its decision? In this case, the European Commission may choose to approve a proposal. partial payment 10,000 million euros as planned recovery fund arrangements. “If the Commission considers that all stages and objectives associated with a payment have not been satisfactorily met, the Commission may suspend payment of all or part of the relevant financial contribution and, where appropriate, the loan,” explains the Community Manager.

This means that Without subsidy reform unemployment Brussels may freeze some of the amount once it completes its analysis, but no money will be lost and the suspension will be lifted once Spain finally approves the reform. six month After the decision to stop.

“These six months provide additional time for the Member State to comply with the relevant measures and continue to receive the suspended amounts, although this will occur at a later stage,” the same sources explain. Body declined to comment a possible partial payment. They insist the government is working to achieve this “Payment in full”.

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