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The thrust of the Bank of Spain that pricks the government

The first was the independent authority for fiscal responsibility (AIREF), Then The European Commission And finally bank of spain, In…

By admin , in news , at May 22, 2022

The first was the independent authority for fiscal responsibility (AIREF), Then The European Commission And finally bank of spain, In less than a week, the government’s economic policy has received two bandarillas and a lunge that has not gone down well in La Moncloa, but it is already clear that these organizations could not take it any more and they With great diplomacy conveyed what was thought and also with clarity.

Neither AIREF nor the Bank of Spain have said anything that was not known, but on this occasion they have been sharper. shameful «serious drawbacks» Allegations of ambiguity regarding the lack of measures to reduce debt or boost a recovery plan were the first bandillary, about which the Aref president spoke in the context of the stability program sent by the government to Brussels. lack 1.6 points in growth forecast Spain’s European Commission took second place for this year.

This was emphasized by a report for the year 2021 presented by the Bank of Spain on Thursday that is in excellent form but disastrous in content. In addition to announcing after doing so in April that it was going to again lower the growth forecast for the Spanish economy, the entity continued to draw attention to our unacceptable level of Loanprogram failure Direct Assistance to SMEsClaimed tax reform More balanced, more logical access conditions minimum wage living And a housing law That its interference with prices does not produce the opposite effect of what it wants to achieve: that it reduces costs.

According to the reactions that are coming, the report has sat like a bomb. Minister of social SecurityFor example, the report was accused of being “sophisticated” because it doubted that its reform would guarantee the stability of pensions, something that organizations such as the Foundation for Applied Economics StudiesAdmiration,

The Minister of Economic Affairs, Nadia Calvino, also reacted quickly when the new Director General of Economy and Statistics of the Bank of Spain, angel sparrowhawk, said that, “In the big economies, we are the ones who have done the worst.” Calvino called for “not to take the quotes out of context” and to have “an overall vision” that the Spanish economy has “very strong growth this year”.

The reaction is not surprising, because for a long time, governments have preferred to denigrate institutions that say the opposite of their ministers or the president, rather than acknowledging that they are right and fixing what is not. doing.

The thrust of the Bank of Spain that pricks the government

2022-05-22 03:11:13