Fernández Ordóñez does not want what happened to Ireland

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Portugal to happen to Spain. He warns the Government not to send signals of doubt to the markets and to complete the reforms The governor of the Bank of Spain, Fernández Ordóñez, appears today in Congress, within the annual information rounds prior to the debate on the State Budget for 2011. And he is willing to speak clearly, although that does not feel good to the Government.  The governor will remind the Government that the financial, labor, and future pension reforms Ivory Coast WhatsApp Number List undertaken are on the right track, but that they must be carried out to the end, according to sources close to the issuing bank to which he has had access. The Digital Confidential . Fernández Ordóñez's message is that one does not play with the international sovereign debt markets , and that, if they are calm now, it is better not to give doubtful signals from Spain, lest we have a public debt crisis again or start paying. again an extra premium for our emissions, as is happening to Portugal and Ireland.

The issuing bank , which began two years ago to make warnings about the seriousness of the crisis, with little success, by the way, has not lowered its guard about the need to have healthy public accounts, not to incur excessive deficits that are impossible to finance, and make far-reaching reforms in the financial and labor markets, reduce our trade deficit and regain competitiveness. The governor is not going to back down, even though his speech may raise hives in Ferraz and among the unions. Fernández Ordóñez is convinced that only economic orthodoxy will get Spain out of the crisis , and he is not going to change his speech “for political needs.” And the Bank of Spain sees in Zapatero's winks at the unions and the left a possible retreat in the reforms that it does not like at all. As an appetizer, yesterday, the director of the Research Service of the Bank of Spain, Luis Malo de Molina , said in FUNCAS (Savings Banks Foundation) that “only fiscal consolidation (public budgets without deficit) and ambitious market reforms financial, labor market and pensions will allow us to face a situation as critical as the current one.



The lack of response to the crisis in its time has lengthened the adjustment and complicated the way out of the crisis.” Those attending the event, which presented awards for economic research, banking and university professors, understood that it was referring to the “ two years lost by Zapatero , without recognizing or taking forceful measures against the crisis,” according to the comments of some from them.Elena Salgado denied at the beginning of 2010 that the Government was considering reviewing the salary pact with civil servants. However, three months later, President Zapatero himself announced an average cut of 5% in the salary of public employees and a salary freeze in .The current Minister of Industry is considered the inspirer of the attempt to land Sacyr in BBVA to unseat Francisco González from power ; In addition to sponsoring the reform of the National Energy Commission so that it had decision-making capacity in the takeover bid by the German company E.On for Endesa . Acciona sneaks into the top 10 with 22 concessions.