European Union
Montero completed their statements with these harsh words: the only missing you by enterase is the Government. 1,600,000 Jobs will be charged according to Montoro, this crisis. So far, and according to Eurostat (the EU Statistical Office), unemployment in Spain, that it was just a year ago of 8.1%, it has grown to 9.9% of the active population, this increase the eldest registered in the countries of the European Union in the past twelve months. But for the Spanish population, the greater possibility of being unemployed is not the only threat to their economic well-being. It is that the inflation rate continues to rise and has already reached to 5.1% in interannual variation, this being the worst figure in the past 13 years. The evolution of the Euribor index, which is used to secure the mortgage interest is not being positive. Is that the same is currently in a 5.38% and this the dynamics of the mortgage sector hits.
And with the mortgage sector problems in the hopes for the recovery of the real estate sector are significantly reduced. Pessimism in Spanish is also seen in particular in the consumption behavior, whose negative consequences are already visible in shops and large shopping malls. That Yes, the Spaniards consume less but none want to be left without your iPhone and is why they already sold which were available within days of its release in Spain. When talking about proposals to overcome this situation, since the PP proposes to emerge from this crisis a series of measures that include limiting public spending growth to 2 per cent in budgets for 2009, to reform the budgetary stability law or the procedures for the appointment of regulators responsible for, the development of an annual Plan of competitiveness, the generation of greater competition in the Spanish economy through the adoption of a law guaranteeing the unity of market and are liberalizing the services sector. Within the initiatives of the PP are also lower the tax rate of tax paying SMEs up to 20%, increase the deduction for the purchase of housing up to 25%, discuss a labour reform that encourages indefinite hiring, reduce the quote to the wage guarantee fund, create a national plan for the promotion of r & d and develop a national agreement in the field of housing and land. To all these proposals, should be added the issue of energy dependence that has Spain as a key issue to resolve to limit the economy’s vulnerability to external shocks. Spain is the seventh EU country with greater energy dependence on outside. Since the PP is open the debate on what to do to allow Spain to escape from this situation, and that in the future you don’t have to suffer similar to the current situations. The Spanish Government should undertake a new policy consistent with the context in which it is found, attacking the weaknesses of the economy and generating a protection against the threats facing the same. Do take advantage the Government of Zapatero this time to carry out the reforms that the Spanish economy needs?
