Europa Today: Nadia Calviño habla sobre Trump y la economía europea

Name: Europa Today: Nadia Calviño habla sobre Trump y la economía europea
Uploaded: 2025-12-12T09:53:50+00:00
Duration: 15 min 2 s
Channel: euronews (en español)

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Europa Today: Nadia Calviño habla sobre Trump y la economía europea

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00:00Good morning, it is Friday the 12th of December. I'm Maeve McMahan and this is Europe Today,

00:20Euronews' daily live fix of European news and analysis.

00:25Coming up today, speaking from Berlin, NATO Secretary-General Mark Rutte has made a stark

00:30announcement to Europeans that Russia could attack a NATO country in the next five years.

00:35A number of Western intelligence agencies have said the same, but Moscow has called it hysteria.

00:41Meanwhile, the US has said Ukraine should pull its troops out of Donbass so that Washington

00:46can set up a free economic zone. For the latest, let's turn straight to Sasha Vakilina,

00:51our Ukraine correspondent. Good morning, Sasha. Quite a dramatic statement there from Mark Rutte.

00:55What more can you tell us?

00:56Absolutely. The warning coming from NATO Secretary-General saying that Europe must prepare for the scale of war

01:01our grandparents endured. Of course, this means a lot to each and every European because everybody

01:08understands the scale that Rutte meant in that statement. He also said that if Putin is prepared

01:12to sacrifice ordinary Russians, what is he prepared to do to us? Now, at this stage, Russia is losing

01:20around 1000 soldiers per day. This is the scale he is talking about. Let's take a listen.

01:26We are Russia's next target. And we are already in harm's way. I fear that too many are quietly

01:37complacent. Too many don't feel the urgency. And too many believe that time is on our side.

01:46It is not. The time for action is now. There's nothing soft about that statement,

01:52many. There are no hints. There's a very direct warning coming indeed in line with lots of warnings

01:57by the Western intelligence agencies, also coming at the back of numerous hybrid attacks and those

02:03drone incursions in Europe. And also coming from warnings from Moscow saying that, yeah,

02:09Moscow is ready at any time as Russia is still blaming Europe, saying that Europe is the one being

02:15aggressive and Europe is the one waging the war at Russia. And meanwhile, bring us up to speed on the

02:20efforts to end the war in Ukraine. As yesterday, of course, we discussed the potentiality of having

02:24a meeting in Europe this weekend with the Americans, the Europeans and the Ukrainians around the table.

02:29Is that still on the table? The idea looks like the meeting might take place. Finally,

02:34it might be tomorrow and Saturday and the venue will not be Brussels. That's going to be Paris.

02:39Now, it's still very much, you know, in the move. We don't know the more details yet. But what we do know

02:44is that the sides represented that would be Ukraine, that would be also Europeans. Now,

02:48who would be there? That would be Britain, France and Germany. This has been reported at this stage.

02:54It's unclear whether the European Union, European Commission institutions will be represented. It is

02:58also unclear whether Donald Trump will actually participate. He said he needs more clarity and

03:04understanding on the crucial issues, which, of course, is the territorial concessions. Now,

03:08President Zelensky spoke about it at length, and he said, of course, the most crucial

03:13issue is the one of ceasefire to repeated negotiations with Russia. The US believes complete ceasefire can

03:19only be achieved once a framework agreement has been signed. This is about the order of things and

03:26how we can proceed. Now, Ukraine and the Europeans have been insisting from the very beginning that they

03:31do want to see first a ceasefire and then some sort of an agreement. Russia insisted that there should be an agreement

03:37first and a ceasefire later. What we see now is that Washington supports Russia's vision of first

03:43having an agreement and then talking about ceasefire.

03:46Okay, so still extremely tricky. We'll keep a very close eye on those talks tomorrow in Paris. Thank

03:50you so much, Sasha Vacchellini there, for that update. But now, coming up, we'll be joined by

03:55Nadia Calvino, the president of the European Investment Bank. That's the lending arm of the

04:00European Union. The former Spanish finance minister joins EU finance ministers today for talks on the

04:06European economy. The meeting comes on the very same day the Greek finance minister takes over from

04:11Pascal Donoghue as president of the Eurogroup. For more, we can head straight over to the European

04:15Council, where our EU editor, Maria Tadeo, is standing by for us. Good morning, Maria. Great to see you.

04:21Look, this meeting comes on a brutal week for Brussels, given the criticism from the US administration.

04:27Fill us in.

04:30Well, yes, Maeve, a difficult week for Europe. But today, a positive story, if I may, for once, of course, as you say,

04:36a new head of the Eurogroup. It's the Greek finance minister, a turnaround story here in Brussels.

04:41Today, this was a country, remember, that almost crashed out of the European Union and the Euro

04:4710 years ago and now leads this group of finance ministers. But yes, the focus very much this week

04:53has been on the words by the US administration, a European economy that is simply too weak,

04:58too politically correct, obsessed with regulation and green policies. A lot of this could lead to the end,

05:05according to the US administration, to the European civilization. Very tough words.

05:10And to debrief, I'm happy to say we are joined live by the head of the European Investment Bank,

05:15Nadia Calvino. President, thank you so much for joining us this morning. I want to get your

05:20thoughts on those remarks by the US administration. The European Union, it is simply too weak.

05:26Are we obsessed with regulation and are we killing this economy?

05:29Well, actually, Maria, what I feel these days is that I'm more proud than ever to be European. I think

05:36our values are our compass and they must be also underpinning the new world order, which is in the

05:42making. And our unity is our strength. That's very clear when so many people are interested in dividing

05:49us and weakening the European Union. And when you say there's a new world order, does that mean that

05:54the United States may not be an ally? Are these the remarks of a friend when he says you're too weak,

05:59too politically correct? It's the end of a civilization. They are weak. Is that how a friend talks to a

06:04friend? It's very clear that there's a new world order, which is in the making. It will be very different

06:10to the past. We're not going back to the 80 years of peace, stability and transatlantic strategic

06:16alliance. We have to build new partnerships around the world and, of course, ensure that European

06:21economy is strong and also that Europe has a strong voice in shaping this brave new world.

06:27And how do you do that? How do you turn around this economy?

06:30Well, actually, the European Union has remarkable strengths. When we talk about leadership in key

06:35areas, from health to biotech, of course, clean tech, we are a trade powerhouse. We're an economy

06:42powerhouse. So we have to build on these strengths, keep united and unleash the whole potential of our

06:48continent. But when you look at the numbers, the German economy is barely growing, the French economy

06:52barely growing, the Italian economy is barely growing. You could argue the past decade has been

06:56not good for Europe. How can we turn around this in more specific terms? Is there a case to say, yes,

07:01maybe we over-regulated, yes, we got too obsessed with regulations and now is the time to undo it?

07:08It's very clear that we need to simplify the rules and we're doing it. Only this week, there was an

07:13agreement in the Parliament and the Council precisely to push ahead with simplification in key areas.

07:18So we are on the right track. We need to speed up. That's very clear in this simplification process.

07:24So we reduce red tape, we reduce costs for businesses, in particular for SMEs.

07:28We also need to further integrate our markets, whether it is in the area of digital or energy

07:34or capital markets, of course. And we need to invest, invest big time to have strong infrastructures

07:39and to deploy and lead this new economy, which is also being built up these days.

07:45So you don't fear this is the end of a European civilization that is now coming to an end?

07:49Oh, absolutely not. We have overcome many weaknesses. As I said a moment ago, our unity is our strength.

07:55So we just need to keep together, push ahead and accelerate those processes that are ongoing

08:01to strengthen our economy and our political unity and our security and defense capacity, of course.

08:06Can you do that at 27? I'm thinking of the Hungarian government.

08:08They would say, President Trump is right. These guys are weak.

08:11Personally, I think that we should try to do it at 27. And if it's not possible, coalitions of the willing.

08:16We're seeing them going around and that is the right way forward.

08:20And, President, of course, there is one thing specifically that I know you feel very strongly about,

08:24which is European companies need to stay in Europe. We cannot see this flight of capital into the United States.

08:31How do you stop it? Because in a way, this is a real anomaly. Our money goes somewhere else.

08:36Well, absolutely. You know, Europe is right now the incubator of the world because we have a vibrant ecosystem of startups,

08:42very similar to the U.S. But when these companies need to grow, they have to look for the capital somewhere else.

08:47And that is why, from the European Investment Bank, we launched a very successful initiative,

08:52the European Tank Champions Initiative. I will actually be briefing ministers today.

08:56I will be sharing with them this leaflet. It's a great success.

09:00But some would say there's no Google, there's no Amazon. It is a failure, not a success.

09:04Well, we are taking measures so that we can indeed continue to lead in those areas.

09:09And as I was saying, this has been a great success. Now we need to scale it up.

09:13We need to make sure that we have the size and the capital markets to finance those initiatives

09:18so that those great ideas, technologies, and companies that are born in the EU can grow and thrive here.

09:24President, I have 20 seconds left for you. The reparations loan. Do you think this is going to go ahead?

09:27What does your political instinct say?

09:29My political instinct says this unanimity to support Ukraine, and we will get there.

09:34Well, President, thank you very much for joining us on Euronews.

09:37And of course, that was Nadia Calvino, the President of the European Investment Bank, joining us on Euronews.

09:43It was indeed. And thank you so much to yourself as well.

09:46Maria Tadeo, Euronews's EU editor there on the red carpet.

09:49But now it is time to move on and focus on Bulgaria,

09:52where the Prime Minister, Rosenzelskopf, has dramatically stepped down after days of protests.

09:58For more on what this all means for Bulgaria,

10:00we can cross over to Sofia, to the capital, and speak to Raya Soyan over there, our Bulgaria correspondent.

10:05Good morning, Raya. Thank you so much for joining us.

10:08Fill us in on this resignation.

10:13Good morning.

10:14After a series of protests yesterday, the government has officially resigned.

10:19But let me remind you where it all started.

10:22Last month, people went on the streets to express their dissatisfaction with the budget frame for next year.

10:28But the frustration grew, and this month took place two of the largest demonstrations here in front of the parliament.

10:37People wanted the fallout of the government.

10:40They explained that they want a country with less corruption.

10:44And then, yesterday, less than 24 hours after the protest, the government resigned.

10:50But let's hear some words of the now former Prime Minister, Rosenzelskopf.

10:59As we have stated, we hear the voices of the citizens protesting against the government.

11:04And we hear them clearly.

11:06We must race to meet their expectations, and their message is clear.

11:10They demand the government's resignation.

11:12This public engagement must be supported, because the world faces many challenges.

11:17And defending democracy is the greatest challenge before every conscious nation.

11:25Rosenzelskopf there.

11:27And what is next now for Bulgaria, which will, of course, join the Eurozone on the 1st of January, 2026?

11:36Yes, so right now, it is a really difficult time for Bulgaria,

11:40because, as you said, in less than a month, we are going to join the Eurozone to be exact on the 1st of January.

11:49We are going to do that without a regular government, and also with an extended budget.

11:55Also, right now, everything lies on the president,

11:58because the president needs to hand out the mandate to three parties in the parliament.

12:04First, the biggest one, then the second largest one, and then a random one.

12:09And they will try and form a government.

12:12If they do not succeed, we are headed to elections again.

12:16Experts say that the elections will probably take place in February.

12:22Let me remind you that next year in Bulgaria, we have also presidential elections.

12:27Indeed, very interesting time for your country, Raya Soenova.

12:31Thank you so much for joining us live this morning from the Bulgarian capital.

12:35Now, as you might have heard, next week, EU leaders are planning to travel to Brazil

12:39to sign off on the historic EU Mercosur trade deal.

12:43But believe it or not, after almost three decades, the deal is still on ice.

12:48Jakob Janos has this guide for us to understand the coming days.

12:54Hello, Friday.

12:55While you are about to start your weekends, Brussels is sweating over a deadline

13:00that has been 25 years in the making.

13:03The EU is entering the final phase of the Mercosur trade deal

13:07that might create a market of 700 million people between Europe and South America.

13:13But will it?

13:16Next Tuesday, the European Parliament votes on the trading safeguards.

13:21Basically, to ensure no disruption of our market and to keep the unfair competition in check.

13:27And if that passes, it clears the path.

13:31Then, on Saturday, Ursula von der Leyen flies to Brazil to sign the deal.

13:36But even if signed, the European Parliament must still ratify it.

13:40With the far right and left against it, the deal could still be killed next year.

13:46European diplomats warn that if this happens, Europe loses a strategic partner,

13:51especially as relations with the US are falling apart.

13:55And speaking of the US, our favorite commentators have recently claimed that Brussels is just an unelected bureaucracy.

14:06Well, if this deal dies next year, it will be because the Parliament showed its teeth.

14:12So, dear American friends, please leave calling European lawmakers weak to us.

14:19That's our job.

14:21After all, we, the people, are the ones who elect them.

14:26Yeah, I could be honest there.

14:31And for more on that story and what it could mean for you,

14:34you can keep an eye on euronews.com or download our app.

14:37But that does bring this edition of Europe Today to an end.

14:40Thank you so much for tuning in.

14:42Do stay with us, though, here on Euronews for a new episode of The Ring,

14:45our debating show, which comes to you this week from Madrid.

14:48Take care.

14:49Thanks for watching and see you soon on Euronews.

14:56We'll see you soon on Euronews.

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Europa Today: Nadia Calviño habla sobre Trump y la economía europea

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