November 18 () –
The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, hopes to close the agreement with the bank “within hours” regarding the package of measures aimed at alleviating the situation of vulnerable mortgage debtors, in order to be able to approve it in the next Council of Ministers.
“We are working intensively with financial institutions and I hope that in the next few hours we will reach an agreement so that we can adopt this package of measures at the next Council of Ministers, next Tuesday,” Calviño advanced at a press conference. after meeting with the Executive Vice President and Competition Commissioner of the European Commission, Margrethe Vestager, at the Ministry of Economic Affairs.
As explained by the Government’s economic officer, work is underway to expand and reinforce the relief measures of the banking ‘Code of Good Practices’ for the most vulnerable families, while it is intended to adopt a set of initiatives for households with middle class that may be at risk of vulnerability due to the accelerated rise in interest rates.
“We are working constructively with the banking sector and I hope that we will reach an agreement soon”, the first vice president reiterated.
EXPECTS THE ECB TO “GET IT RIGHT” WITH ITS DECISIONS
Regarding the decisions that the European Central Bank may adopt in the coming months regarding the rate hike, Calviño has shown his hope that the body will “get it right”, although it is not “an easy task” at this time to articulate a monetary policy that makes it possible to contain inflation without generating an excessive slowdown in the European economy and taking into account that the situation between countries is “very different”.
In this sense, Calviño pointed out that the latest data from the Consumer Price Index (CPI) of Spain, corresponding to the month of October, “confirm the containment of inflation” in the country, with a rate of around 7%. , below the average for the euro zone, and with a downward trend that contrasts with the upward trend in a large part of the European Union.
“This means that there are different macroeconomic and inflation situations in the different countries, and this is a challenge for the ECB when it comes to articulating a single monetary policy”, the vice president insisted.
EUROPEAN FUNDS
Regarding the evolution of European funds, Calviño stressed that Spain is the most advanced country in the deployment of the Recovery Plan and recalled that the third payment request has already been made -of 6,000 million-.
In addition, he stressed that the Executive maintains a “constructive dialogue” with the European Commission to follow the planned schedule and has indicated that the Cofi additional information system has been incorporated, where data from autonomous communities and ministries are incorporated to issue complete information on How are the investments?
“But budgetary control is done through ordinary budget management instruments that work perfectly from day one,” he clarified.
For his part, Vestager has emphasized that Spain is focused on the good execution of the Recovery Plan and has stated that the work is constant between the European Commission and the Government, since it is the will of all that the best possible use be made of of these funds.
