“Going to the elections with the word ‘crisis“It was a subject that had to be treated with some care.” The former socialist minister Pedro Solbes (RIP) took ten years to admit that he should have “done more” and stood up to the electoral strategies of the PSOE and its boss in 2008, at that time Jose Luis Rodriguez-Zapatero, about the euphoric slogans about the state of the economy and the risks ahead. Until then, with a latent crisis, the President of the Government left for posterity two fateful prophecies seeking electoral gains that would later turn against him. Remember that “Spain plays in the Champions League of economies” or that “we have the most solid financial system in the world” that ZP pronounced.
This week, Pedro Sanchez He has once again evoked the mantra of exaggeration to describe the reality of household and business finances: “The Spanish economy is not going like a rocket, It goes like a rocket“he said. The problem is not that he says it, but that there are those who believe it, but the follow-up that the top brass of the Government has subsequently shown, including experts in the matter such as the Minister of Economy, Carlos Body. In statements on Onda Cero, between laughs and questioned about whether he subscribed to the presidential statement, far from qualifying it he backed it up with a chilling “perfectly“.
Lying untruthfully seems to be the order of the day in politics, but it should not be the case in the economic sphere. reality that Sanchez draws It is more like the hoaxes that it denounces. It is election time, it is true, although that should not be an excuse to assert that the country is going like rocket in economic terms when it is not true. The GDP growth of 2.1% year-on-year that Brussels forecasts is not an outstanding, but rather a passing grade. In fact, for many, it is the minimum standard for an economy to be in a position to create employment.
For comparison, the reality that Sánchez does not mention is that Spain is at the top of the euro zone unemployment rate with a rate of 12.3%, three times higher than that of economies that are actually going strong. The country has a youth unemployment rate of 28%, by far the highest in the euro zone, as well as one of the highest in the world. The largest public debts in the euro area and the world with 1.613 billion euros. Minister Cuerpo, from the Public Treasury, knows well that the State’s indebtedness is going at excessive speed under the Sánchez Administration with a 36% growth in public debt in six years, or 429 billion euros more. All this money comes from investors who tend not to like the issuer’s euphoria or the issuer’s boasting about how much and how they are going to spend their money.
Moncloa boasts of the increase in pensions But it also doesn’t take into account that the future of the distribution system is being mortgaged. Unsustainable is an understatement when pensions are on their way to exceeding 2%00.000 million euros of public cost per year. On pensions and public debt, the metaphor of the economic rocket is perhaps not the most accurate because we all know what happens to them when the fuse is lit, they gain height and reach the sky. Normally they tend to explode. The perception that President Sánchez does not care is because it seems that he only cares about progressing in the polls and elections. After the improvement of his party in the Basque Country and Catalonia, the ballot boxes will be deployed again on next June 9th with the hangover from the amnesty law still present. The problem is that they will do so with increasing instability in support for the Sánchez Government, which is supported by partners who have suffered serious setbacks such as Podemos or ERC, precisely because their votes support the PSOE in Moncloa.
Source: www.lainformacion.com
