Monday, June 15, 2015

SPAIN: Final Sprint Eurogroup: pros and cons … – EntornoInteligente

<- AUGURE_NOTICIA_INICIO -> SPAIN: Final Sprint Eurogroup: pros and cons for De Guindos / Expansion / The Spanish Luis de Guindos wants to be president of the Ministers of Economy and Finance of the euro zone, the Eurogroup, an informal body of the European Union since the euro crisis has played a role key decision-making on European integration and the bailouts of countries. Their main problem is that its president, Dutchman Jeroen Dijsselbloem, wants to repeat the current mandate when finished, on July 21.

Does De Guindos chances of winning the job? The winner is chosen by a simple majority of 19, one country, one vote, so 10 support is needed in the event that two candidates are presented. From the environment Dijsselbloem say they have secured this support, while on the side of Spanish, trust a year ago in which the position is for Spain has been diluted. Now there is talk of prudence and that there are still possibilities.

The decision could be taken on Thursday at the meeting of ministers held in Luxembourg, but Spain will delay until the next, on July 13, to save time and speed up its diplomatic offensive. At stake, who will be chairman of the Eurogroup for the next 2½ years. These are the pros and cons of Spanish:

points for GUINDOS 1. The narrative of the crisis: Spain as a model

One of the things that needs more European Union is a narrative out of the crisis. Need an example of the system bailouts, money for adjustments and reforms, it works. And in the European institutions they have chosen Spain, which in 2012 was on the verge of total rescue finally ended up asking a partial redemption and is now the great economy euro going to grow in 2015. The appointment of Luis de Guindos Eurogroup president would be the icing on this recognition.

2. Good image among ministers

The Spanish candidate enjoys a good image among the Ministers of Economy and Finance of the euro zone. In addition to his experience in both the public sector and the private sector, colleagues recognize the challenge posed take charge of the Spanish economy in late 2012, with the Spanish banking system to collapse and the need to implement a deep consolidation of savings banks and an ambitious package of structural reforms.

3. Spain underrepresented

Spain feels underrepresented in the EU since Jose Manuel Gonzalez-Paramo abandon in 2012 the Executive Board of the European Central Bank and the occupied chair Luxembourg Yves Mersch. Since then, Spain has failed to put forward any national of any of the institutions of the European banking union, or bailout funds. And the post of commissioner Miguel Arias Canete, but not least, a loss of influence to the competition portfolio that occupied Almunia.

4. Support from Germany

Spain has the explicit support of Germany for this race. Both German Chancellor Angela Merkel, as his finance minister, Wolfgang Schäuble, have shown public support for Guindos.

5. Tacit agreement last year

Spain believed out of the Summit of Heads of State and Government in August last year, in which the seats of power were distributed in the current European legislature, with the tacit agreement that would chair the next mandate of the Eurogroup. The Jose Manuel Durao Barroso himself, then President of the European Commission, acknowledged a few weeks ago that agreement existed. However, Spain had to Dijsselbloem leave his post to become commissioner of the European Commission or to chair the Single Settlement Mechanism, which would leave a vacancy to be filled. But the Dutchman ever.

was POINTS AGAINST GUINDOS 1. Dijsselbloem is a great rival

The Dutch Finance Minister, Jeroen Dijsselbloem, began with very bad start -presidiendo the meeting which attempted tax deposits below 100,000 euros from the Cypriot side- bancha, but has since amended its curriculum. His colleagues recognize that the Eurogroup meetings are now held in a more methodical and orderly which is under the leadership of Jean-Claude Juncker, and the Dutchman was able to find consensus solutions to very conflicting positions.

2. The date of the vote

The issue date can be key. Spain had the vote would be held on July 13 for President Mariano Rajoy could seek support at the summit of Heads of State and Government to be held on 25 and 26 June in Brussels. According to the Spanish strategy, such support would deter Dijsselbloem who withdraw his candidacy. But if the vote takes place on Thursday that strategy is void. Still, it is not certain that Rajoy to seek such overwhelming support at the summit to force the withdrawal of Dijsselbloem.

3. The electoral calendar

Spain held elections in November and Luis de Guindos has said he does not want to repeat as Spanish Minister of Economy. The tradition is that the post of president of the Eurogroup it is holding one of its ministers Juncker although it served only a few years as Prime Minister of Luxembourg. There are doubts about whether it is best to appoint a president who could leave his government in November, especially if plans to convert the post of president of the Eurogroup on a permanent and full-time are still green.

4. The Greek crisis

Some delegations have expressed suspicion by Eurogroup chairman change in full Greek crisis. According to his version, it would be advisable to replace the speaker of the euro in the middle of negotiations.

5. The balance of the EU

The EU is a complex set of equilibria: north-south, east-west, small countries and large-popular and socialist countries. At the moment, the President of the European Commission (Juncker) and the European Council (Donald Tusk) are popular, as are the two economic vice presidents of the EU executive (Jyrki Katainen and Valdis Dombrovskis). Although economic commissioner, Pierre Moscovici, a socialist, countries with the center-left think there is too much blue on the map of power in the institutions.

Information Expansion

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See also www.mundinews.com | www.eldiscoduro.com | www.tipsfemeninos.com | www.economia-venezuela.com | www. politica-venezuela.com | www.enlasgradas.com | www.cualquiervaina.com | www.espiasdecocina.com | www.videojuegosmania.com

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