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Following German Chancellor Olaf Scholz’s meeting with Spanish Prime Minister Pedro Sanchez, there are no indications that Germany is ready to support the easing of EU fiscal rules, although the two Social Democrat prime ministers agreed on Monday to co-operate better on European policies.
Sanchez had high expectations from the visit of Scholz, who last month took the post of chancellor from Angela Merkel. Reuters points out, citing its own sources, that Sanchez saw ideological closeness as a chance to build Spanish-German relations.
“The chancellor and I note that we are entering a new era of our co-operation at European level,” Sanchez said after the meeting, adding that there was a “shared vision of social and economic progress with the new German government.” “We agree that fiscal rules are very complex and difficult to follow, especially in the context of the COVID-19 pandemic,” he said.
However, he added that Germany and Spain do not agree on changing the fiscal rules, known as the Stability and Growth Pact. Madrid seeks support from Berlin to ease fiscal rules, as advocated by Spain, France and Italy. Scholz, whose Social Democrats are in coalition with the Greens and the Free Liberal Democratic Party (FDP), said it was too early to reconsider fiscal rules.
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