Editorial: El País

• Eurozone economy and finance ministers are demanding a containment of public spending in the national budgets for 2025.
• New fiscal rules will be put into effect after the current crisis related to the pandemic, and energy and inflation.
• This fiscal policy change allowed European countries to implement large public aid programs.
• Europe is seeking fiscal consolidation to manage high levels of accumulated public debt.
• The new fiscal rules allow for investment into digital transition and energy transformation.
• European authorities are concerned about economic fragility and demand agility in the face of uncertainties.
• The current strategy of the European Central Bank, maintaining high-interest rates, may complicate the situation.
• Spain is lagging behind in this scenario and could need to adjust future accounts due to imbalances.

Conclusion: Europe is seeking to regain fiscal discipline after the pandemic crisis, but this presents challenges that may vary among different member countries.

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