00:00And the European Union is preparing for an extended period of high energy prices resulting from war in the Middle
00:06East, which increases the risk of supply shortages.
00:08During a summit in Brussels, European heads of states and government expressed concern about the worsening global economic situation.
00:15Furthermore, they called for a moratorium on attacks against energy infrastructure in the war being waged by the United States
00:21and Israel against Iran.
00:22For its part, the European Central Bank warned that a prolonged disruption could drive inflation in the eurozone to 6
00:27.3% and trigger a short recession.
00:40And under its policy of neutrality, the Swiss government blocked the sale of weapons to countries involved in the conflict
00:46in Iran, primarily the United States.
00:48The Federal Council emphasized that as long as the armed conflict continues, military equipment may not be shipped to countries
00:53involved in the conflict against Iran.
00:55It was also noted that all resistant licenses and exports of other goods will be reviewed to ensure their compatibility
01:01with neutrality.
01:03Likewise, the Federal Council affirmed that these measures are in line with the principle of political neutrality and will remain
01:09in effect until the conflict ends.
01:18And the Spanish Prime Minister, Pedro Sanchez, announced a comprehensive response plan to the crisis in the Middle East, comprising
01:2580 measures and involving the mobilization of 5 billion euros to mitigate the economic impact of the war.
01:30The government has approved two royal decree laws, one on housing, one on general issues, including a drastic reduction in
01:37energy taxes.
01:37Sanchez announced the fiscal measures after the Extraordinary Council of Ministers' meeting.
01:42These measures aim to mitigate the initial economic impact of the war.
01:46According to the government's calculations, the measures will benefit 20 million households and 3 million companies.
01:51Sanchez asserts that they are prepared and will come through it.
01:54That's what needs to be done.
02:02We'll be doing this.
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