Saturday, March 20, 2010
He debates on the law of boxes of Gallicia: Dodges and deceits
In Gallicia and owing to the making, earlier, and now of the reform of the Lei of Caixas (the episode also has been lived or one lives in other autonomous regions) a sour political polemic has been opened between those who bet for using the law to force the merger of two existing boxes (Caixa Gallicia and Caixanova) and those who do without this possibility or confront the matter with independence of this purpose - without impairment of which it is positive for the Galician economy. The positions of some and others, nevertheless, have tones (PP and BNG, for example, have been objective Allied Forces in the Parliament Galego at the time of voting for the text of the Lei of Caixas, but his criteria differ in numerous aspects). [Concerning the positions that defend the political parties, to see "Merger of the Galician boxes: Match, gentlemen!" ] The law approved in the autonomic Chamber was appealed before the Constitutional one to instances of the Council of the State (this detail that some of them relegate and try to conceal) for a fundamental motive: the text approved in the Galician Chamber grants to the autonomic Executive powers that, between other things, invade competitions of control that are optional of the Spanish Bank, amen of that grants right veto Consello da Xunta in strategic operations of or the boxes with head office in Gallicia. There are other causes of possible unconstitutionality, but they perform minor scope. The weeks happen and the positions scarcely have changed, so that the negotiation Xunta-Central government to adapt I Read it of Caixas to the indications of the Council of the State it is suspended although the time runs against all and of everything, not only of the followers of the merger, but also against the progress or sanitation of both entities, since the term to make use of the fund of bank restructuring (FROB) becomes exhausted. In any case, in the episode there are two aspects that attract attention. 1st: Almost nobody speaks about economy. It turns out to be shocking that if so much Caixa Gallicia as Caixanova enjoys so good economic situation - as the realized consultancies have certified and as they affirm that all that have thought on this matter from different positions-: why is so much determination in fusing them or incorporating them into agreements into entities of other communities, and if so well they are, why so many insistence in which it is necessary to resort to the FROB? Or perhaps an interested mirage has been created and are not the accounts of the boxes so good as they say?: will not it be that both boxes accuse delicate situations that advise to join them or to fuse them with others and to do it without delays? The true thing is that in the negotiations Xunta-Central government and also in the set of the Galician society - from the means up to the chats of coffee and the circles of the elite - one speaks about the matter from a political point of view and punctually juridically, but rarely one alludes to the economy and to the accounting or to the practices of both entities. 2nd: What is the Galician financial system that thing about? It has become fashionable to speak about the Galician financial system up to the end of which this entity has been turned into the key of vault of those who defend I read it of such Caixas which has been approved in Santiago and of those who insist on fusing two entities in presence. The most curious of this argument is that a Galician financial system does not exist. Moreover, not only it does not exist, but also to use this expression or definition is an obvious test of the high grade of politicization and of the scarce economic rigor with which the matter is confronted. Any financial system consists of three essential elements: assets and financial debits, institutions and markets. None of these three elements happens in case of the autonomous regions, in those of Madrid, Catalonia or Basque Country, for quoting territories that are quoted in Gallicia like ambiences of financial systems to imitate not also. It is a question of a deceit of immeasurable proportions. The only financial system that exists in Spain is of state ambience and, hence, with reservations, so since the Economic and Monetary Union (UEM) was started all the States that have joined to the euroarea have transferred monetary-financial competences in the European Central Bank (BCE) and, objectively, there exists already a germ of the only financial system of European ambience that, theoretically, member of the Union will have to advance to the same rhythm that there reduce the competitions and independence of the monetary and financial systems of every State. I know by intuition that those who insist on alluding repeatedly to the virtual Galician financial system do it with the legitimate and positive intention of underlining that it is convenient: undoubtedly! - that the social head office of or of the Galician boxes it continues in Gallicia. But also I know by intuition that between those well deliberate there are those who resort at about the Galician financial system not to enter slightly edifying gardens of the underworld of the boxes. It is curious, that the domes of the political parties with representation in the Parliament Galego (PP, PSdG and BNG) remember now the galleguidad of the boxes and, on the other hand, they were saying nothing when these boxes were investing tens million euros in companies foreign to Gallicia that were speculating on the brick (paradigmatic case has been the high investment of Caixa Gallicia in the bluf Astroc, where there have evaporated tens million euros proceeding from the saving of the Galicians. Why does not speak to himself about this scandal politician - financier led by an entity who benefits of being protected by the Galician Administration). That speaks to himself about those who bandage wealth! To speak about the nonexistent Galician financial system also is used by some to avoid one of the most substantial debates for the future of the Galician economy and that almost always is avoided: What to do so that the companies, societies and entities with more economic weight in the Galician country stop being alienated and/or move his head offices out of the community? The Fenosa acquisition for Electrical Union Of Madrid, which gave place to Union-Fenosa, marked a milestone; but there have been losses so much or more significant in almost all the sectors. The last operation of this type was a news last week: The buy of two plants transformadoras of the milk sector (in Vilalba and her Swim) on the part of the French multinational Lactalis. Businessmen, boxes and other Galician economic agents gave the back again to the milk sector of the country. It is a suma and it is still constant and, therefore, it is logical and deserves applause that voices lift demanding to finish this bloodletting, since it is necessary to reason that if the boxes finish in entities hands with head office out of the Galician country, the circle will have closed to a great extent. This is the aspect on which yes it would be necessary to insist every day: the propensity of too many Galician economic leaders to desgalleguizar his companies and his assets and, finally, the facility with which they sell and export power of decision, capitals and also savings. The axis of the debate of the boxes happens round there, instead of alluding to a system that does not exist and which allusion, in addition, helps to impoverish the economic culture of the citizens. Streaming Desperate Housewives S06E17 Chromolume #7 now
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