At this point in 2020, we can safely say that

'uncertainty

' will be one of the words that will best define the year: uncertainty about how the pandemic will evolve and when we will have a vaccine, uncertainty about the impact on the economy, employment and society;

uncertainty about when we will be able to plan a vacation again or hug our loved ones normally.

However, despite the fact that this is an unprecedented situation in the recent history of the planet, we have a series of certainties on which to lean.

First, the certainty that governments across Europe have acted decisively from the outset,

promoting fiscal and monetary policy measures

to maintain an environment of stability and try to minimize the economic impact.

In the case of Spain, we have approved - with the support of Parliament and the agreement with the social agents - successive large-scale packages that are proving effective to protect the productive fabric, employment and family income;

to have

a good foundation for recovery

.

The liquidity guarantees of the Official Credit Institute (ICO), the flexibility of the temporary employment regulation files (ERTE), the extraordinary benefit for the self-employed, the moratorium on contributions and taxes, the Minimum Vital Income and the rest of measures that constitute a true safety net for companies and families, especially the most vulnerable, are serving their purpose and explain, to a large extent,

the intense reactivation registered since the end of hibernation

and during the third quarter.

A third quarter in which, despite outbreaks and restrictions on the arrival of international tourists, we have demonstrated our ability to control the epidemic and to significantly boost the economy and job creation, as evidenced by the almost 570,000 jobs in work generated between July and September that includes the latest Labor Force Survey (EPA), which represent the recovery of more than half of the employment lost during the second quarter.

This same week we have also learned about the progress of the Quarterly National Accounts for the third quarter, which indicates a strong growth of GDP in that period of 16.7%, confirming that, if the outbreaks are stopped quickly, as happened during the summer in some Autonomous Communities, there is a solid foundation for economic recovery.

This is positive news, as is also the lifting of restrictions on the arrival of tourists to the Canary Islands from countries such as the United Kingdom, the Netherlands or Germany, just as the high season begins in the region.

Looking ahead to the next few months, it is therefore key to ensure that the measures being taken to curb the spread of the virus throughout Europe take effect.

From the side of the economic and social response, we will continue to act with determination to cushion the possible impacts on families, workers and companies.

This is what we have done, for example, with the

extension of public support for ERTE

and the extraordinary benefit for the self-employed;

and this is what we are also studying, together with the European Commission and the financial sector, in relation to

ICO guarantees

, to prevent liquidity problems that perfectly viable companies may experience from jeopardizing their survival.

The second element that provides certainty is the unanimous and resounding commitment of the European Union to act together in the face of the pandemic, both at the health level, coordinating, for example, the acquisition of vaccines, as well as at the economic and social level, with a response never seen both in terms of short-term liquidity and medium-term investment financed with common debt.

In fact, Spain has already received the first

6,000 million euros from the SURE mechanism

to finance employment protection measures, and the Conference of Presidents held this week, with the presence of the President of the European Commission, is further proof of that firm commitment to unity of action at all levels of the administration.

These are two other good news, such as the very broad agreement reached in Congress, within the framework of the Toledo Pact, to update its recommendations and thus give

certainty to our current and future pensioners.

Third, and of utmost importance, is the certainty of knowing that the branches are not preventing us from seeing the forest.

That the action of the Government, from the outset, is responding to the most immediate problems caused by the pandemic in the health, economic and social sphere, but without losing sight of the medium and long term, with future plans to face the great challenges that we identified as a priority more than two years ago and that the pandemic has made more present and urgent.

Because the truth is that the health crisis has accelerated the structural changes initiated during the last decade at a global level, especially in the field of

digitization

, and makes it more urgent to correct the imbalances and problems that we dragged from the past and lay the foundations for a more sustainable growth from an economic, social and environmental point of view.

Because if this pandemic period is like going through a tunnel, the exit point must necessarily be different from the one through which we entered.

For this reason, the draft

General State Budgets for 2021

, which the Council of Ministers approved this week, sends a signal of confidence and commitment of the Government with the recovery, with companies, with employment and with the protection of the citizens.

A sign of commitment to a more sustainable, inclusive and fair future.

These are also the principles that inspire the

Recovery, Transformation and Resilience Plan,

which will be deployed through 30 lines of action, in the areas with the greatest driving effect on the economy as a whole, to mobilize investment through public-private collaboration, promote growth, job creation and modernization of our production model.

For example, a crash plan for sustainable, safe and connected mobility that contributes to the deployment of electric vehicles, favoring national manufacturing and its driving effect on the capital goods industry.

Also a Rehabilitation Plan to increase the energy efficiency of the housing stock and also promote the integration of smart applications and the deployment of solar roofs.

With the development of the main rail corridors to boost trade and reduce emissions.

With the promotion of renewable energies, including a pioneering green hydrogen roadmap that allows achieving environmental objectives and saving costs for industries, thus favoring competitiveness.

Projects such as the recovery of natural ecosystems,

the new Industrial Policy Spain 2030

or the promotion of digitization, ensuring that the entire Spanish population has adequate connectivity to develop all the vital and professional possibilities that new technologies offer, promoting 5G , Artificial Intelligence and a large-scale program to digitize SMEs.

Also projects to strengthen human capital through

educational reform,

the promotion of professional training and an essential digital training program to take advantage of new job opportunities in the medium and long term, with special attention to closing social and gender gaps. and territorial.

Through this investment and reform program, we will maximize the impact on short and medium-term growth of the funds associated with

the European Recovery Plan, of up to 140,000 million in six years

.

Starting with the 27,000 million euros of investment planned for the 2021 Budgets.

There are many current challenges, there is still a difficult road ahead, but our country's capacity to face difficulties and face the future with determination is also great.

We have the foundations, we have a Recovery Plan that reflects the shared vision about the future and also the resources.

Let us all build that trust and unity of action essential to move forward in times of uncertainty.

According to the criteria of The Trust Project

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