Nadia Calviño, First Vice President and Minister for Economic Affairs and Digital Transformation, foresees: Inflation will remain high throughout the summer, but it will begin to moderate in the fall.
“Guess is Watch for very high price increase in the summer, but in the fall the forecast is that prices will start to moderate.”The first vice president stated in an interview on ‘La Hora de La 1’ collected by TVE’s Europa Press.
Calvino argued Actions of the European Central Bank (ECB) and to try to mitigate the measures promoted by the Government itself The impact of rising prices on citizens. He also stressed that grain and oil prices have fallen in international markets, which will sooner or later affect prices.
Supports the rejection of the EC recommended mandatory gas cut
Calviño supported Teresa Ribera, vice president of Ecological Transition and Demographic Struggle, rejecting the mandatory cut. gas consumptionas recommended by the European Commission in the event of a risk of gas shortages or exceptionally high demand.
“We will stand in solidarity with the rest of Europe, but we must do so with effective measures. “Solidarity is unthinkable based on a cut in gas consumption that is the same for everyone,” the government’s economy minister said in an interview.
In this senseCalviño argued that Spain was in a very different situation than other countries such as Germany or Italy. “We are not dependent on Russian gas, we have a third of Europe’s regasification capacity, and we have a high penetration of renewable energy,” he said.
That’s why Calviño believes the way for Spain to show solidarity is to strengthen its contribution to the country’s gas and electricity markets. “We will see all the technical ways we can increase our contribution to the continent’s energy security, but that is not possible by making ourselves more vulnerable.”