Five Days / The President of the caretaker government, Mariano Rajoy, has sent a letter to the head of the European Commission, Jean-Claude Juncker, asking him to consider the political situation in Spain and try to avoid the penalty for violating the fiscal targets, offering instead an additional effort.
According to published today El País and La Vanguardia, Rajoy wrote yesterday Juncker, to try to avoid fines for violating the fiscal targets after the hard adjustment made by Spain in recent years, and pledged to extend one more year agreement unavailability of spending on central and regional administrations.
in the letter, as highlighted in both newspapers, Rajoy explains the current situation of Spain and raises arguments in his defense as the deviation of inflation from the forecast of Brussels, which has reduced the expected tax revenue.
the letter also outlines the adjustments and reforms approved in recent years in a complicated context. Therefore, Rajoy, in the letter, would have asked for a one year extension to reduce the deficit.
The EC warned last Tuesday of the risks posed to the economy political uncertainty afflicting Spain before the next repetition of elections and the measures proposed to be taken to correct its excessive deficit, which the country can be sanctioned.
“the amount of necessary measures to correct the budget slip recorded in 2015 is added the downside risks on growth that stem mainly from the uncertainty surrounding the formation of a new government, “said the EC in its macroeconomic forecasts of spring.
Brussels expects the diversion of Spain It will stand at 3.9% of GDP this year and 3.1% next, which would mean it would take more than two years committed to bring its deficit below the EU maximum of 3% set.
SPAIN: Rajoy Brussels offers another effort to avoid sanctions
Information Five Dias
http://entornointeligente.com/articulo/8362772/ESPANA-Rajoy-ofrece-a-Bruselas-otro-esfuerzo-para-evitar-sanciones
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