The Bank of Spain agrees with the banks that the measure announced by the President of the Government, Pedro Sánchez, during the investiture debate to extend the maximum annual income from 29,400 to 38,000 euros to benefit from aid to those mortgaged in trouble "does not it is necessary".
"We see that the code of good practices is having limited use because the economy is doing reasonably well" and "in this central scenario we do not see the need to make any modifications," said the bank's governor, Pablo Hernández de Cos, in a meeting organized by the Association of Financial Markets (AMF).
This message has not been the only one from De Cos for the new Government. He has repeated, as the ECB did at the time, his rejection of the tax on the "extraordinary profits" of the banks, considering that "it would be more important and desirable for the money from the tax to remain on the banks' balance sheets so that their profits could increase." Bookings".
He has also warned that the new legislature must serve to address the deficit in public accounts after several years of efforts due to the pandemic and the invasion of Ukraine. "The priority must be reducing fiscal imbalances" and addressing "the problem of low productivity."
"Priority should also be given to an ambitious package of economic reforms" for which "consensus" between the main political forces is necessary, he indicated.
Another of the points on which he has spoken has been about the Autonomous Liquidity Fund (FLA), regarding the agreement between the PSOE and ERC to forgive 20% of the regional debt linked to this instrument, which represents a relief of 15,000 million euros for Catalonia.
"We have a financing system that we have never considered closed," he lamented. The current imbalances are not currently an indicator of good management of the different autonomous communities, but rather "a sign of insufficient resources."
De Cos has also spoken about the fall of Bizum and several digital payment systems this weekend. According to what he said, they were the result of an "operational failure" and not a cyber attack, and he has warned that these types of problems pose "a real risk", so it would be necessary to implement "back up solutions" to prevent them from recurring. to occur.
