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Spain's rescue already has a date: the Government will request it in January

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發表於 13:42:55 | 顯示全部樓層 |閱讀模式

Rajoy refuses to ask for it in December and February is late due to Merkel's elections in Germany The Government finally manages the date of January to request the rescue from the European Union. Rajoy flatly refuses to request it between now and the end of the year, but at the same time he knows that February may already be impossible due to the strong opposition that he may then encounter in Angela Merkel, on the eve of elections in Germany. Mariano Rajoy's hidden reason for delaying the rescue request: the debt that the ECB would buy would have to be renegotiated in the middle of the general election campaign The first piece of information is that Mariano Rajoy is aware that Spain cannot finance itself much longer at 6%, as is the case now, and this has been conveyed to his most trusted economic team , as El Confidencial Digital has learned from sources in the Government. These sources highlight that the president is beginning to assume that the country's rescue, that is, an intervention by the ECB through the purchase of Spanish sovereign debt in the secondary market, seems increasingly “inevitable .

However, Rajoy is measuring the times to the millimeter. Move away from renegotiation of the general elections The plan that Mario Draghi will activate , when Spain formally requests the rescue, contemplates above all the acquisition of Spanish bonds with maturities of three years . In this scenario, the Government would have to face these debt maturities precisely in the weeks prior to the general elections . And the negotiation of new conditions with the ECB would surely be Middle East Mobile Number List accompanied by more adjustments, which would put Rajoy's Executive in serious trouble in the middle of the electoral campaign. Therefore, as reported in these pages , the slogan in Moncloa is clear: we must wait a few more weeks for this renegotiation with the ECB on the three-year Spanish debt to take place, in any case, after the general elections. This circumstance therefore advises that any ransom request be kept as far away as possible from this month of November . Rajoy has ruled out the rescue this year According to the Executive sources to which ECD has had access  Moncloa is currently working with the hypothesis of not asking for the bailout in .



The message that Rajoy has conveyed to his economic team is that the aid, in any case, It will not be requested for the remainder of the year. exp-player-logo Convicted of sexual abuse of a seven-year-old girl, daughter of a friend who welcomed him into his home, in Palma In the president's circle, it is argued, to rule out the rescue until this December, that: 1) Treasury auctions have already covered almost all of the Administration's financing needs for all of 2012; 2) the risk premium , despite being around 450 points, is much lower than in the summer and seems controlled, precisely, by the existence of that mechanism announced by the ECB that works as a brake. In February it may already be too late The January date to request the rescue is not coincidental. The Government is aware that Spain is running out of time and that the possibilities of requesting aid may be narrowing. It is believed that Angela Merkel , after the regional elections in Lower Saxony and Bavaria next January, will begin to prioritize German interests over the defense of Europe . These January elections represent in Germany the starting signal for the campaign for the general elections of October . And in this area all doors could now be closed to Spain to access European aid , at least until after the German autumn election contest.

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