EU Affairs
Press release – President Metsola in Kyiv reaffirms European Parliament’s continued support to Ukraine
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She also met with Ukrainian Prime Minister Yulia Svyrydenko, the faction and group leaders of the Verkhovna Rada and opened the new European Parliament’s liaison office in Kyiv.
This marks the President’s fourth visit to Ukraine since the start of Russia’s illegal war of aggression.
Meeting with President Zelenskyy
Presidents Metsola and Zelenskyy discussed advancing on Ukraine’s EU accession negotiations, the European Parliament’s continued steadfast support, more targeted sanctions against Russia and the use of profits from Russian frozen assets for Ukraine’s defence, recovery and reconstruction.
After their meeting, Presidents Zelenskyy and Metsola addressed the press. President Metsola said:
“Europe will not back down in its support to Ukraine. We will continue to weaken Russia’s war machine through coordinated and strong sanctions. We will boost our humanitarian, military, and diplomatic support for Ukraine, and we will further intensify our cooperation with international partners and invest in Ukraine’s own production. We are committed to completely move away from Russian oil and gas and look to reliable and secure partners as we also tackle Russia’s shadow fleet. This is how we move closer to peace.”
You can watch a recording of the joint statement to the press.
Meeting with Chairman Stefanchuk and Rada address
In the morning, President Metsola met with Ruslan Stefanchuk, the Chairman of the Verkhovna Rada, before addressing the plenary session in Kyiv. After their meeting, President Metsola and Chairman Stefanchuk addressed members of the press.
President Metsola said:
“We discussed about strengthening the ties between our two Parliaments. Ours is a partnership built on mutual trust, respect and very practical cooperation. We will continue to build bridges between Ukraine and Europe, including through our new European Parliament office.”
You can watch the statement to the press ahead of the address to the Rada.
Address to the Rada
In her address, President Metsola said:
On EU standing with Ukraine:
“The European Union has already mobilised 169 billion euros, including 63 billion euros in military support. We are moving forward on frozen Russian assets. We are increasing investment in Ukraine’s defence industry, expanding procurement from Ukrainian manufacturers, and moving forward with new joint initiatives like the Drone Alliance.”
On peace:
“Our position is clear: peace must be permanent; it must be based on justice, and it must be based on dignity. A peace that respects Ukraine’s sovereignty and independence.”
On security guarantees and EU membership:
“We continue to push for security guarantees, and we are working with our partners to make them real. We are ready, determined and able. Joining the European Union is a security guarantee in itself, and we are moving forward together on that path. Europe must match the progress that Ukraine has already made”.
You can read the full speech and watch a recording of the address to the Rada.
Programme in Kyiv
In Kyiv, President Metsola also met with Ukrainian First Lady Olena Zelenska. Together, they visited Bilhorod Academic Lyceum, which was hit by Russian missile strikes that claimed the lives of three staff members. It is currently being rebuilt with the help of EU funds.
President Metsola also visited the EU Delegation to Ukraine, which also hosts the newly opened EP office and one of several buildings impacted by yet another Russian air strike and met with EU staff working there.
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EU Affairs
Constantin Schreiber: Israel zwischen Tragödie, Trauma und Hoffnung
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Constantin Schreiber: Israel zwischen Tragödie, Trauma und Hoffnung – POLITICO
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EU Affairs
Farage takes on the Bank of England with blast against QE legacy
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The Reform duo also urged the Bank to stop the active selling of the gilts it bought during the QE period, something that several analysts and investors have argued is putting unnecessary upward pressure on the government’s borrowing costs. Tice told POLITICO on Thursday that stopping gilt sales alone could have taken around £1.5 billion off the government’s bill for debt interest this year. The Bank argues that the taxpayer wouldn’t end up paying any less in the long run, though.
Reform is now seeking a full parliamentary debate on ‘quantitative tightening’, or QT, when MPs return from their recess, something he may get in the second half of next month if the Leader of the House of Commons is sympathetic. “It’s much more powerful as a debate in government time, as opposed to a backbench business debate,” Tice argued.
The political argument is simple. “If Parliament via the Chancellor of the Exchequer gave a different steer to the Bank of England, this could significantly reduce the need for tax rises at the Budget,” Tice said in a statement released after the meeting.
Reeves can ill afford to ignore anything that will raise money at a time when sluggish growth and productivity and constant increases in spending have made it all but impossible for her to stick to her own self-defined fiscal rule. And left-leaning think-tanks such as the Institute for Public Policy Research and Positive Money have already come to much the same conclusions.
Yet Reform’s high-volume handling of a meeting that the Bank styled as a routine meeting with elected politicians represents something of a break with convention. Since Tony Blair’s government granted the Bank independence in 1997, party leaders have refrained from appearing to give instruction to the Bank on how to conduct monetary policy.
Tice, however, in comments to POLITICO, argued that the issue is essentially a fiscal one, since the losses incurred by the Bank through QT have to be picked up by the taxpayer. “Parliament has failed in its duty to give the Bank more direction and support in this area,” he said. “It’s left the Bank to make its own decision and sort of … swing in the wind.”
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