Its general secretary, Mikel Lakuntza, has stated that the Next Generation funds represent a transfer of public money to large corporations in exchange for social cuts.
The general secretary of ELA, Mitxel Lakuntzastated on Tuesday that “time has shown” that Next Generation funds have proven to be ‘a transfer of public money to secure the benefits of large corporations’ and reported that they have been granted in exchange for ‘social cuts’.
Lakuntza presented in Bilbao a report prepared by the Observatory of Multinationals in Latin America (OMAL), which analyzes the impact of European funds in Euskadi and Navarre, where they are focused on large multinational companies, with a large weight in the automotive sector.
According to this analysis, these are the main recipients of these funds in these communities Mercedes Benz, Volkswagen Navarra, Sapa, Irizar or Stampedamong other companies.
According to the report, Euskadi received more than 2.2 billion euros and Navarra received 950 million euros from the Next Generation funds.
The OMAL economist Gonzalo Fernandez explained that the narrative that presented the Next Generation Funds as an instrument for a green and friendly transition within the framework of an expansionary economic policy has proven to be ‘false’, partly because there have been ‘social counter-reforms’ and related austerity with its receipt, and a debt has arisen which the states will have to pay.
Moreover, as he added, European funds have been fundamentally allocated to “a massive transfer to large companies” for the development of major projects, to sectors such as the automotive and aerospace sectors, or to the development of “speculative bubbles” such as “the deployment to hydrogen.”
The ELA general secretary also agrees with OMAL in denouncing “the EU’s drift towards militarization and the most warlike policies” for its “commitment to spend more on weapons” or “tanks” and “less on pensions”.
He has criticized it as “the Europe of the three lies” as “it is neither green, social nor peace-oriented”.
Source: EITB
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