Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

IVA will not go up – despite what FMI says, stresses Rajoy
By:
thinkSPAIN , Saturday, June 16, 2012

SPANISH president Mariano Rajoy has refused to carry out the measures recommended by the International Monetary Fund (FMI), which include increasing IVA, reducing public sector salaries and eliminating tax breaks for owning a first home.

Rajoy stressed that despite the pressure from the FMI, these measures were no more than recommendations – as opposed to orders – and that at present Spain's government's priorities lie more in reducing public debt.

The Bank of Spain has already said that increasing taxes and cutting wages – effectively reducing spending power – was in fact counter-productive.

Rajoy added that with the EU bail-out recently approved, banks would soon be in a position to offer finance on credit again and this would boost the economy and therefore job prospects.

However, he stated that as it was the banks which would be getting the money, it was also up to the banks to pay it back, not the taxpayer.

“We need more political, fiscal and bank integration in order to transmit the message to the world that the common currency in the EU is not reversible,” Rajoy added.

“Because if not, it will create uncertainty among investors.”

Among the causes of Spain's current dire financial situation – mostly relating to overspending and debt – Rajoy added that the country's business environment is anything but competitive.

“If we do not sell, we do not produce, and lack of production means lack of employment,” he remarked.


 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Black weekend for 'toy boat' immigration: Nine drown off Strait of Gibraltar and 60 caught between Costa Blanca and Granada
Crime/Incidents - (21/12/2014)
'Best teacher in Spain': Zaragoza primary tutor is only Spaniard in 'Nobel' finals
Education & Employment - (21/12/2014)
Businessman on the dole crashes car into PP headquarters and blows it up with gas bottles
Crime/Incidents - (21/12/2014)
 
Latest Business/Economy articles
Mercadona 'jingle' patented
Spain  - (17/12/2014)
Ikea may sue Valencia government for banning Sunday opening
Alicante/Cast./Valencia  - (12/12/2014)
Financial Times praises Podemos for its Eurozone restructure ideas
Spain  - (12/12/2014)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
Spanish news archive Costa Blanca news Costa del Sol news Alicante news Castellon Valencia news Barcelona news Catalonia Costa Brava news Madrid news Tenerife news Canary Islands Malaga news Marbella news Andalucia news Sevilla news Costa Almeria news Murcia news Costa Calida Aragon news Asturias news Balearic news Mallorca Menorca news Ibiza Basque news Bilbao Cantabria news Castilla La Mancha news Castilla Leon news Extremadura news Galicia news La Rioja news Navarra news Spanish Travel Tourism news Spanish Property Spain directory services Spanish A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jobs in Spain Postcodes Spanish weather Spain History Spanish Culture Flamenco dancers Sevillanas Bullfighting bullfight bull fighting matador bullfighter Spanish Education Spain Schools Facts about Spain Clubs in Spain mortgages Spanish bank Spain banking Spanish banks Spain inheritance Spanish wills Spanish healthcare in Spain Working in Spain work Spanish employment Driving Spain cars Spanish car Spain Tax & Spanish Residency Property in Spain for Sale Spanish property to rent Spain holiday lets Spain news Spanish Properties SpainSave costa blanca 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 costa del sol 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 local news/info Spanish estate agents Off Plan property Spain | costa blanca property sales properties for sale real estate costa blanca villas | costa del sol property sales properties for sale real estate costa del sol villas | costa de la luz property sales properties for sale real estate costa de la luz villas | costa brava property sales properties for sale real estate costa brava villas | costa almeria property sales properties for sale real estate costa almeria villas | costa calida property sales properties for sale real estate costa calida villas | costa valencia property sales properties for sale real estate costa valencia villas | costa azahar property sales properties for sale real estate costa azahar villas | costa dorada property sales properties for sale real estate costa dorada villas | costa garraf property sales properties for sale real estate costa garraf villas | costa maresme property sales properties for sale real estate costa maresme villas | costa vasca property sales properties for sale real estate costa vasca villas | costa verde property sales properties for sale real estate costa verde villas | costa da morte property sales properties for sale real estate costa da morte villas
 
© 2003-2014 Think Web Content, S.L. - All rights reserved