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22nd Franco-Spanish summit

Published on October 12, 2012
Joint declaration (excerpts)

Paris, October 10, 2012
Joint declaration

Paris, October 10, 2012

Following the Franco-Spanish summit held in Paris on 10 October 2012, the French President and the Spanish Prime Minister adopted the following joint declaration:

European policy

The European Union has enabled Europe to enjoy the longest period of peace, stability and prosperity in its history. We have built a union of states and citizens based on growing economic and political integration, in a common legal and institutional framework, allowing us to become one of the world’s freest, most stable and most prosperous societies.

Growth

France and Spain share a determination to mobilize all the existing instruments at European level in the service of growth. We call for the swift, full and total implementation of the measures contained in the Pact for Growth and Employment. We ask the Commission to establish clearly the state of progress of these measures.

France and Spain would like a financial transaction tax to be adopted at European level, in accordance with the decisions made in the framework of the Pact for Growth and Employment. We support the request addressed to the European Commission to this effect and are delighted that there is support from enough member states to pave the way for the swift establishment of enhanced cooperation.

Euro Area

The euro is the cornerstone of the European project. It is irreversible. France and Spain reaffirm their unflinching determination to preserve its integrity and, along with their partners and the European institutions, they will take all the necessary measures and reforms.

Important initiatives have been taken to provide a lasting response to the difficulties encountered. We call for responsibility on the part of the member states and European institutions in implementing the measures and agreements to this effect.

The ECB’s adoption of a new programme of intervention on the markets is a decisive step forward. France and Spain welcome the entry into force of the treaty establishing the European Stability Mechanism (ESM). It must be possible swiftly to mobilize the solidarity mechanisms put in place.

We call for the adoption before the end of the year of the European Commission’s proposal aimed at establishing a single mechanism for supervising the banking sector at European level, which must cover all banks on the basis of a network made up of national supervisors. This single supervision will also provide the ESM with an opportunity to recapitalize the banks directly, according to appropriate conditions which must be quickly defined, to break the vicious circle of banking and sovereign debt in line with the decisions of the European Council in June.

Finally, France and Spain would like to give the Euro Area a new political ambition. We commit ourselves to strengthening Economic and Monetary Union on the basis of integration and solidarity. We would like to improve the mechanisms for coordinating our economic and fiscal policies, take steps towards fiscal harmonization and social convergence, make our decision-making system more effective and better organized whilst ensuring the parliaments are fully involved, and consider all options for boosting solidarity in the Euro Area, particularly through mechanisms for sharing and pooling risks.

EU Multiannual Financial Framework

France and Spain support the goal of an agreement on the Multiannual Financial Framework 2014-2020 during the European Council of 22 and 23 November. The European budget has an important role to play in relation to the unprecedented crisis affecting Europe, to mobilize all the instruments available and stabilize the economy while helping restore the conditions for lasting growth and for employment.

This agreement will have to enable the financing of common policies and the promotion of growth, employment and investment, while taking into account the efforts made by the member states to improve their public finances. The agreement expected in November will have to relate not only to spending but also to income. In this regard, our two countries recall their commitment to fairer financing of the European budget, for which the current system of rebates does not allow.

Common Agricultural Policy

The Common Agricultural Policy plays an essential role in growth, food security and town and country planning. It must not be a budget balance variable in the negotiations on the EU Financial Framework 2014-2020. Our two countries are determined to uphold a European budget that maintains CAP appropriations, in line with the joint declaration signed today by our respective agriculture ministers.

EU trade policy

France and Spain emphasize their commitment to ensuring reciprocity and mutual benefit in the openness of markets and to strengthening regulatory coordination with our main trading partners. These areas play a full role in the battle for employment being fought by our two governments. In line with the conclusions of the European Council in June, we call for a swift examination in order for an agreement to be sought on the Commission’s proposal for a regulation on access to public procurement markets with third countries. This goal of reciprocity and mutual benefit must also be fully incorporated into the free-trade agreements currently being negotiated or those in the future, which will have to include both tariff and non-tariff barriers. (…)./.

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