former minister josep pick has emphasized the need to reach an income agreement that “equitably distributes the collective poverty” of the country derived from rising energy prices, a measure that can avoid persistent inflation or inflationary conditions.
The former Minister of Foreign Affairs, Industry and Energy and Science and Technology delivered the conference “The New Geopolitical Landscape and Its Economic Impact” at an event in Madrid. General Council of Economists of Spain,
In the current situation, the main risk, in his opinion, is that “price rises in energy markets” and increases in other fundamental components become a process inflation strong.
In his opinion, the solution “passes through an income settlement that distributes this collective impoverishment equitably”, and warns that if this is not achieved “there is a risk of persistent inflation and stagflation,
Other essential initiatives in Spain are “a credible and credible framework for a return to gravity and budgetary rigor” as well as a “return to one”. fiscal consolidation In the medium term which is credible to remain worthy of the trust of international markets.
If things are done well we can build a better Europe than our own
On the other hand, and with respect to the condition of The European UnionWanted to emphasize that it has been “brief”, but it is necessary to implement significant reforms if it is to have a “relevant role” in the “new geopolitical landscape” drawn in the post-war world in Ukraine. He is going.
Europe must deepen its political project, and this requires “a common foreign policy, a common security policy, a common defense policy, a genuine energy security policy and a immigration policy common”, all of which are “the great challenge for Europe if it wants to play a relevant role in the new landscape that is being outlined”.
A landscape that is changing very rapidly, as he called it, for example, “bankruptcy”. hyper globalization» and the rise of a “secret globalization” in which the important issue of “security of supply” should be addressed.
In this sense, he explained that there is a tendency for countries not to rely on the supply of inputs that are not reliable and therefore governments must commit to the creation of “… strategic reservesRelocation, diversification of sources and a return to an industrial policy» in which «the public sector supports the existence of certain areas located in its own territory or in the territory of allied countries».
“If things are done well we can build a better Europe than we are”, he said. bickeringwho commented that the EU is “essential” to Spain and therefore “beware of Eurosceptics”.
Josep Pick: “An income treaty is urgently needed to equitably distribute collective poverty”