Government has run out of time to approve reforms given to Brussels

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The approximately 160,000 million that Brussels will grant to Spain between transfers and loans is not a blank cheque. The government promised a number of reforms and economic investments to access European funds. And he, in collaboration with the European Commission, prepared a calendar for each of the new rules to be approved. A year after reaching the European Recovery Fund, the calendar is about to be left on a dead letter. Because the government promised to implement the housing law in Cortes during the third quarter of 2022. There is barely a week left at the end of this quarter and the draft norms are still stalled in negotiations for amendments. It still has to be approved by the Congress of Deputies and the Senate. The government established in February that the draft be processed by immediate process to try to expedite the deadline, but everything now indicates it will not arrive in time. Above all, because negotiations with government partners on the amendments included in the standard have taken longer than expected. A fact that has shown the discrepancies between PSOE and Podemos in terms of accommodation. RELATED NEWS Standard No warning from ‘men in black’: money is not reaching the economy Susanna Alsale Commission technicians express their concern about the poor execution of European resources during their recent visit to Spain Emphasis in purple three They give amendments they consider necessary: ​​expanding price controls to small owners, prohibiting the eviction of vulnerable groups, and placing vacant homes on the market. Three aspects that from United we can consider necessary and which are still unforgivable for the socialist part, who fear a legal battle against the bosses and the opposition. Added to this is the fact that nationalist parties are suspicious of governance because, in their opinion, it attacks regional powers. And your support is necessary to complete the improvement. Complicated negotiations between the government and its allies have caused the transport ministry to lower its aspirations about the approval deadline for the reform, assuming that its final approval (if it happens) will be at the end of the year. Will be The housing law, however, is not the only reform that threatens the schedule agreed between the government and the European Commission. In terms of pensions, the Minister of Social Security, Jose Luis Escriva, is already working on the project that he must send to community officials before the end of this year to complete the reform of the pension system. A thorny proposal, although the first part of the reform is focused on spending, it would focus on guaranteeing the system’s income. European Commission officials have already made it clear to the government during a visit earlier this week that they are not convinced by the Intergenerational Equity Mechanism (MEI), the tool to which Escriva entrusts the stability of the system. There should be a new regulatory avalanche during 2023, as the government promised to roll out laws next year such as reforms in public governance, the sustainable mobility law (where the government initially promised to include tolls in motorways) and taxes. Reform, the most ambitious. A draft rule that Brussels insists must be approved in the midst of an electoral exercise and which must address the parliamentary weakness of the executive. Similarly, an important project is still in the air in the Ministry of Economic Affairs to create a new financial supervisor, the Financial Customer Protection Authority, to control banking. The bill should have come in 2021 and it has done so in the first months of 2022. And, as was promised with Brussels, its adoption in parliament should happen before the end of 2022, a deadline that is nearly impossible to meet because it is not yet past the Council of Ministers.



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