The EU calls for “effective measures” to comply Spain 4.2 … – Diario de León

The EU calls for "effective measures" to comply Spain 4.2 … – Diario de León

The glass half full or half empty. Again, the speech, the relevance of the words, the message. Because while the Government of Spain swears that next year will meet the deficit target of 4.2%, with the sacrosanct Stability and Growth Pact (SGP), Brussels insists express enough doubts that the reforms contained in the draft 2015 budget, the deficit will remain at 4.6%. A lag of around 4,000 million. Both agree that 4.2% is nonnegotiable. The debate, again, is how to comply, small letter.

On Monday, Economy Minister Luis de Guindos, reiterated to its EU colleagues (Eurogroup) that “we are absolutely committed” with the deficit target of 4.2% and that “perfectly fulfill what is” without having to take additional cuts. The reason for this discrepancy is in the projected growth of both institutions. “We believe that we will grow 2% and Brussels, to 1.7%. This difference, via automatic stabilizers, result in a fall in the deficit, “he added.

Europe, meanwhile, calls” implement the necessary measures to ensure compliance with the SGP “. In particular, speaks of “effective measures”, a euphemism what moldable enough to be ‘sold’ politically by both parties. Brussels maintains its uncompromising image and Spain manages to transfer a message of firmness within a year of the election.

“A year ago we were beaten. The reality is that we are meeting and are contributing to growth in the euro zone.

There is a new forum, speaking of structural reforms … Three years ago, Spain was the worst student in the class and are now Power fastest growing thanks to ambitious reforms we are undertaking, and also highlights the findings of the Eurogroup “Guindos welcomed.

As for Spain, the Commission has concluded that” doubts “that the deficit will fulfilled. According to their technical, will not fall of 4.6%. But what definitely Brussels? “That should ask the Commission,” said the minister questions in this medium. His doubts come from two areas: the autonomous communities and tax reform promoted by Rajoy, which will cause a ‘hole’ 9,000 million in the collection of income tax takes effect once the tax cut in January

.