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DIGITAL CONFIDENTIAL MONEY Retirement at 67, freezing pensions and halving...

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發表於 2024-3-9 14:12:08 | 顯示全部樓層 |閱讀模式

The 'impossible' conditions that Brussels will ask of Spain for the rescue These are very difficult conditions for Spain to meet: Rajoy's Government already knows that Brussels is finalizing a list of measures that the Executive will have to comply with if it resorts to the European Rescue Fund, and is negotiating to try to delay, as much as possible, its application. This is how the rescue will be done: request for a preventive line of credit to the European Rescue Fund so that the ECB buys debt but without actually using the money Rajoy is terrified that his request for help will be answered with a 'no': Germany demands that Spain request a rescue along with Italy, but Monti is still not clear. On Monday, the Government leaked the secrets of the rescue that Spain will request to only three foreign media: New York Times, The Wall Street Journal and Financial Times  Council of Economic and Financial Affairs (Ecofin) has already prepared a draft with the conditions that Spain must meet if it asks for a bailout from Europe to finance the purchase of its sovereign debt.

The document, which will be made public if Spain goes to the European Rescue Fund, includes “the recommendations that the European Commission already made to our country last May ”; although " on this occasion we are going to demand its immediate application ." These words belong to a leader of the Spanish delegation to the EU, very well located in Brussels, who adds: “ The list of conditions will be very broad , and will contain some measures already in place, such as Middle East Mobile Number List the establishment of a budget calendar for the next two years.” However, " special emphasis will be placed on the measures that Spain promised to comply with at the time and has not yet applied , showing that they will be essential for all Member States to accept the rescue." They are the following: Apply the retirement age now to 67 years : Brussels will demand that Rajoy's Government immediately apply the law approved in December by Zapatero, which established the delay of the retirement age to 67 years. For the European Union, the measure must be applied “without further delay” to improve the effects of the labor reforms carried out in the country.



Freeze pensions : It is an old demand of the European Commission, which will be required of Spain again for the next academic year if it comes to the rescue. As announced in these pages , the Government intends to revalue the minimum pensions in November and raise all of them by 1 percent in January, so this requirement would ruin the plans of Rajoy's Executive . -- Elimination of local administrations : The sources consulted by ECD explain that "this measure will be expanded verbally, conveying to the Government the need to promote a plan, to be applied in the coming years to reduce by half the 8,300 town councils that exist in Spain . Other measures that Brussels will demand from Spain, “and which will be transmitted to Rajoy and De Guindos in the Ecofín meetings,” will be the creation of a program to reduce public employees and the review of the current autonomous fabric, with the State recovering powers that it now They are in the power of the autonomous communities.


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