welcoming something they have no power to stop, waffle waffle 3/- 🧇🧇🧇
"This instrument can at this stage provide support of EUR 2.7 billion from EU budget resources. Its firepower can be strengthened rapidly, through additional voluntary contributions from Member States"
0.02% of GDP 4/-
In English: the EIB hasn't said how it'll work 8/-
point 15 (end): 🧇🧇 preserving the level playing field of the single market 🧇🧇
Are we playing bullshit bingo, now? 9/-
* available to all euro area Member States
* standardised terms agreed in advance by ESM Governing Bodies, reflecting the current challenges, on the basis of up-front assessments by EU institutions. 10/-
* 2% of GDP - Spain: €25bn
11/-
are they asking for a mandate? didn't they have it already?
"we will strive to make this instrument available"
Jedi tip: do it or not, don't strive
"within two weeks"
I though the two weeks were already up? 12/-
Bundestag still gets to insult Italy on prime time V before voting to deny credit line.
"The credit line will be available until the COVID 19 crisis is over."
Better apply quickly! 13/-
Smells like post-programme austerity spirit 14/-
(this is something they have a say on, it is a proposal for a Council Regulation) 15/-
eur-lex.europa.eu/legal-content/…
Jedi tip: do it or don't, don't strive.
Actually, just do it. Vote to approve the proposed Council regulation and endow the respective 0.7% of GDP 16/-
Better press for Germany and the Netherlands not to drag their feet.
Better apply for funds quickly, @joseluisescriva 17/-
(wow, am I glad to hear that. An incoherent strategy would be really unfortunate) 18/-
Funding through the EU budget 🧇 discussions on the legal and practical aspects of such a fund, including its relation to the EU budget...
Wait, what was that about coherence? 19/-
(I thought they already had a mandate?)
discussions on the legal and practical aspects of such a fund ... will prepare the ground for a decision 20/-
I don't think they mean they are increasing the EU budget from 1% to 10% of GNP, are they? 21/-
Ding-dong, the European Green Deal is dead! 22/-
(remember the coherent strategy for relaunch of economic activity and investment?)
high quality job creation and reforms to strengthen resilience and competitiveness, in line with a sustainable growth strategy
(dude, where's my investment!?) 23/-
(ask for investment, get competitiveness and convergence. Again) 24/-
at least Bush the Lesser had the sense to exclaim "I won't get fooled again!" 25/-
(good)
This includes the fiscal means Member States need to finance the necessary measures.
(saying it doesn't make it true) 27/-
(ya think?)
We will act together in solidarity and we will deliver. This includes the necessary progress in strengthening the European Union.
(ya hope...) 28/28