News of Spain
The President of the European Commission, Jean-Claude Juncker, cheating when he decided to postpone the fine in Spain for breach of the deficit until after the general elections on June 26 and at the same time, gave him a year to balance the accounts. Dissatisfied with the decision, Germany and the European Central Bank demanded that the Council of the European Union to make a legal report had doubts about the legality of postponing economic sanctions. And the report, leaked yesterday, makes clear that the European Commission a legal ruse was invented to avoid the announcement of the fine in Spain before 26-J. The report notes that the trap set by Brussels against the EU rules.
Under the rules of the Stability Pact, the European Commission (EC) could not offer an extra year in Spain to balance the books without having driven before the excessive deficit procedure for the state . A procedure most likely end up with a fine. The report, according to sources of the Council states that the regulations can give more time to reduce the deficit to Member States, but whenever “before or in parallel,” the procedure is fostered by failing to comply with deficit reduction.
different legal basis
the trap of Brussels was to grant additional year not with the legal basis of the Stability Pact (which would have to immediately start the sanctioning process), but using the Treaty of the EU, which includes monitoring of national plans reform. Council lawyers, however, consider it wrong.
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the report, however, will not change much in practice things. Brussels fined hardly State before 26-J, since there is only one Ecofin meeting on 18 June, before the elections, enough time to boost the excessive deficit procedure. Nor is there willingness of the EC to reverse. Yes, the report will make European partners not give official approval to the new deficit reduction schedule for Spain until after the 26-J.
The pressure from the government of Mariano Rajoy in Brussels to avoid a ticket weeks before the general election was high. The Spanish executive came to promise in writing more cuts or tax increases to meet the deficit if repeated in office (although public Rajoy promises to lower taxes) and, finally, Brussels access in May to postpone the fine up July.
election Interests
you have not openly acknowledged, but the discovery of evidence yesterday that the executive Juncker did not want to prejudice the electoral interests of the PP, which belongs to their political family, announcing a financial penalty before 26-J. Juncker had to be removed from the sleeve a formula for the PP government could reach the electoral quoted as saying that Spain had won an extra year to reduce the deficit and at the same time had avoided a fine. The Brussels decision created unease among some member states. At the last meeting of Ecofin, Berlin and the ECB demanded the legal report known yesterday.
A Juncker Commission will rain down criticism to make decisions based on political criteria, but its leaders did yesterday or a gesture of self-criticism. Community spokesman Margaritis Schinas said he did not know the contents of the report and reiterated that the Brussels decision on the deficit is legal.
Source Ara.cat
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