The Government proposes extending the moratorium on executions … – Bolsamania.com

The Government proposes extending the moratorium on executions … – Bolsamania.com

The Government is considering the possibility of extending the term of the moratorium on foreclosures because, according to the Minister of Economy, Luis de Guindos, “remains necessary.”

In the interview said yesterday that the minister gave Europa Press , he assured that the government is attentive to the evolution of the evictions, which has decreased 8.87% in the last year in normal houses realación according to the latest data from Bank of Spain , but have increased in general.

However, the number of pitches in the residence that have occurred over the last year has meant that the government considers keep active measures as the moratorium was approved by decree law in 2012 and expires in barely three months.

The minister also announced that this September there will be a “analysis detailed “ of the effect of the action taken on the reform of public administration, taking into account the issue of costs and also the administrative simplification.

SIMPLIFY Paperwork

In the minister’s opinion, “right now is no need for additional measures to stimulate demand” and that “there is a recovery in demand derived from the trust. ” Luis de Guindos, the main thing is proposing reforms to simplify the operation of markets for goods and services, which aims to make through the elimination of administrative obstacles.

There is a recovery in demand arising from any reliance

The problem is not, as stated, the public expenditure , but the number of rules to which companies, especially the SMEs , when operating in the country are facing. “It is logical that local authorities regulate matters in which they have jurisdiction, but is not so logical that important differences that impose costs on businesses,” he says.

Finance Minister calls for approaches as homogeneicen red tape a measure imposed by the “social pressure” exists.

AVOID LIKE THE CASES GOWEX

On the other hand, has also spoken to Europa Press on the priority actions to consolidate the recovery, which is the improving financing and credit companies , especially from non-bank channels.

This is why in September will present the new Law Finance , which will launch for all systems not situations like Gowex occur. One of the measures to be proposed will be that all companies participating in the MAB must be audited by firms that meet “specific requirements” and, from the 500 million market capitalization , must leave the continuous market.

With this law, so will the ability of the National Stock Market Commission (CNMV) to control Bolsas y Mercados Españoles (BME).

Read more: MAB: “In Las Vegas we would spend better”

ADJUSTMENT “CROWDFUNDING” AND OTHER MEASURES

Another measure that come with this package, to be adopted later this month, will be the regulation of “crowdfunding” and, according to the minister, an approach to allow “advanced countries.” distinguish between unskilled and skilled investors. The latter are less protected but will have more flexible ways. In addition, it is mandatory for financial institutions to SMEs preavisen before reducing funding

Read more:. Where is the recovery of Spain? The bench continues without giving credit and adjudging properties

Economy Minister had already predicted that the regulation of qualifications be improved, with the intention of mobilizing loan portfolios for SMEs . There will also be special emphasis on measures to increase the transparency and control systems and quality of financial information.

The reform package is completed with the Law Professional Associations and the new Law on Audits , which will make it independent auditors to be “skeptical accounts audited” as well as other things such as forcing the rotation from about 8 years.