The newspaper El Pais reported on its front page that the economic team of Mariano Rajoy considers not comply with the latest EU requirements, calling Spain a structural adjustment of 10,000 million euros until 2017 and threatens to quarterly tests that could determine the next legislature.
Mariano Rajoy to the press (Photo PP)
the caretaker government wields as its major asset level growth above 3% in recent years and argues that, if the current economic path is maintained achieve the objectives without further adjustments. the allegations presented Luis de Guindos minister in Brussels against the threat of a sanction for breaching the deficit target 2015 are based on that now the aspirations of Spain are not made on promises in the air, but on the main data recorded in the Spanish economy in the last year, in particular, GDP growth and job creation “no. there will be budget cuts “, say the advisors of La Moncloa.
in another vein, the newspaper, the government has no evidence of another possible warnings from Brussels, the going directly to Spain to monitor and supervise the implementation of the budget every three months. “This quarterly review or reinforced such monitoring would be very strange and have not been raised,” say sources at the highest level of the economic team of Rajoy.
In this line, the economist says, meanwhile, that the bulk of the additional adjustment on public Accounts that Brussels sues Spain will fall on next year, ie 2017. the European Commission foresees a reduction path to reduce the public deficit this year to 3.7 percent of GDP and next to 2.5 percent. To this end, the EU executive seeks to force an extra reduction in the deficit of 0.25 percent of GDP this year and 0.5 percent next, totaling about 7,500 million euros of structural adjustment.
(Text Prepared made from news summary press services Moncloa)
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