Building alliances for a more resilient European economy

Despite the most pessimistic forecasts, the EU economy is resisting the impact of the Russian war against Ukraine much better than expected. In addition, the European Union and its Member States have put in place effective policies to protect their nations’ economies, increase strategic autonomy and mitigate the impact of inflation on citizens and businesses, while ensuring financial stability. However, economic problems exist: prices remain high, financing costs continue to rise, and the war in the Ukraine continues unabated.

In this scenario, the First Vice President and Minister of Economy and Digitalization of Spain, Nadia Calviño, and the Deputy Prime Minister and Minister of Finance of the Netherlands, Sigrid Kaag, have discussed the challenges facing the European Union, with special attention to the deepening of the Economic and Monetary Union, the challenges for competitiveness, the digital and green transitions and other priorities of the Spanish presidency, which will take place in the second half of 2023.

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