Four firms win in three months what Zapatero cut this year Among these four companies, as submitted to the National Market Valores (CNMV), achieved a score of 6.646 million euros, which represents half of the profits of all companies in the stock index. The projected savings from the cuts in spending for this year is around 5,000 million euros. According
Zapatero plans for the next two years, reducing public sector pay will save 6,750 million, freezing pension plans to save 1,500 million and the reduction of investments, some 6.045 million. The total adjustment amounted to 15,000 million, adding to the reduction of 50,000 million deficit that the English leader promised to Brussels for the period 2012-2013.
Among all companies in the Ibex, meanwhile, have won in a quarter more than 12,000 million euros, 25% more than the same period in 2008, only 3,000 less than what you want to save in two years. The four most won in the first quarter were Santander, with 2.215 million, Telefónica (1656), Endesa (1,535) and BBVA (1240). In addition, they also highlight the benefits of Iberdrola, with 921.7 million, and Repsol, with 688. More than half of the contributions increase over 2008 results, but stressed Endesa it to triple.
fact, two of the presidents of the big companies were added to the pressure on the English Government to adopt the drastic measures of adjustment. According to "The Confidential" is not only the IMF, the European Commission or the U.S. president, Barack Obama, lobbied Zapatero, also the presidents of the Santander and Telefonica, Cesar Emilio Botin and Alier-ta, respectively, telephoned him to demand measures spending cuts. According to the same source, the pressures have happened for several weeks with several ministers. Aid
savings banks in the projected deficit for the coming years is also exceeded by public figures such as aid to the bank. The financial sector has already received some aid from the English Government of 61,000 million and adjustments Rodriguez Zapatero has pledged to the EU and the IMF totaling 65,000 million. ELA
view, "is an astronomical scandal." The set of states of the EU, now drowned by the deficit, aid has been approved 3.7 billion euros. Commonwealth Secretary General, Adolfo Muñoz, Txiki, and is responsible for Social Policy, Mike Novak, reported yesterday that European Union governments are "serving the banking and financial power." They recalled that in 2009 the EU adopted the Twenty-seven public intervention in the banking sector reached 3.7 billion euros, of which 230,000 million would be the fate of the State's financial sector English.
Of that total, Novak recalled that have been transferred and 1.5 billion euros in EU-27, whereas the English state has received direct support the financial sector amounted to 61,000 million. As explained by the Social Policy responsible for ALS, this means that "banks have received a transfer of 3,000 euros for each inhabitant of the European Union, which is similar to total public spending on Health and Education, or equivalent "Total public spending made in 2009 by all public administrations in Germany and the English state," said Novak. In this case, recalled that "large amounts of money given the banks are one of the most important reasons that have led to increasing deficits and debt "
Muñoz, in this sense, he considered" a scandal to be paid astronomical bankers to continue doing the same and continue speculating "while" imposing a social cut incalculable consequences for the majority of the population. " The union leader considered "unfair and obscene" that "the English government give banks to speculate about the same amount committed to the total social cuts, amounting to 65,000 million." So Muñoz accused governments of being "puppets from the economic powers because they act at the dictation of capital. "
The effort for financial institutions in Europe as a whole now accounts for 12.7% of GDP, while in the English State comes to 5.8% of the wealth created, but "if given the 230,000 million approved, will account for 22% of GDP. "
central view of the 'no alternative to this mess as to increase the tax burden, because there is room for it and because Hego Euskal Herria and the English State is far below that occurring in the mean EU. "
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