Spain is in political gridlock. The December 2015 failed to produce a candidate who could put together a coalition. New elections are on June 26.
Supposedly, to “not interfere” with the election process, the European Commission turned a blind eye to the hugely out of control Spanish budget.
In reality, the EC is doing everything it can to influence the vote towards corrupt liar Mariano Rajoy, the incumbent prime minister whose government collapsed, unable to form any coalition following the December 2015 election.
To aid in the electioneering, Rajoy purposely let the budget get out of control. That failed to work.
As part of his new election lie package, Rajoy told voters there would not be budget cuts but a leaked letter to EC president Jean-Claude Juncker proves otherwise.
Via translation from El Pais, please consider Rajoy Promises Brussels Further Adjustments if Elected.
“Dear Jean-Claude” begins a four page letter from Rajoy shortly before the Brussels decision to postpone until July a procedure that can lead to a fine for violating fiscal targets.
Spain closed 2015 with a deficit of 5.1% of GDP. But for now, it has managed to gain time. Juncker personally interjected against the opinion of several members of his cabinet, preferred to postpone the decision until after the June 26 election.
“We have concluded that it is not the right political moment to take this step,” said Commissioner Pierre Moscovici days.
Expect More Missed Targets
Spain’s deficit target has been repeatedly watered down for years. For 2015 the deficit was target of 4.2% and it was supposed to be 3% next year. Growth looks to weaken in 2016, so whatever targets the EC sets will be missed again.
Nothing will come of it. Threats have proven to be meaningless.
Spanish Poll
Above Chart Courtesy of El Pais.
Once again, the only possible two-party coalition that can lead to a majority is a “grand coalition” of PP and PSOE.
Pedro Sánchez, PSOE leader previously ruled out a coalition with Rajoy. If that holds again, another hung election is in the works again.
Meanwhile please note that “not interfere” really means “interfere” or you may be confused by what you read.
Lie When It’s Serious
Finally, it’s quite ironic that Rajoy’s lie went straight to EC president Jean-Claude Juncker.
Other than being a pompous Nannycrat, Jean-Claude Juncker is most famous for his statement “When it becomes serious, you have to lie“.
Mike “Mish” Shedlock
“Meanwhile please note that “not interfere” really means “interfere” or you may be confused by what you read.”
I heart Orwellian stuff.
Seriously, won’t any attempt at budget cuts or tax raise set off the Catalonia secession folks, again?
Unless the EU can agree on a fiscal union (they won’t) … each country needs to go its own way (to the horror of Soros and rest of the Bilderbergers).
Catalan secession is in pause mode, probably because of not wanting to stir a nationalist vote in Spain. However the roadmap Cataluña voted to follow in parliament is secessionary. CUP, far left member of the secessionist governing coalition, has just voted to withhold its own vote from the equation due to the delays in applying the roadmap, so pressuring the rest to speed up or lose their majority.
I saw that
Could backfire
BTW, it is the last sentence which gives future commitment to further measures. It reads :
“What is more, aware of the need to exit the excess deficit procedure as soon as possible, once there is a new government in the second half of the year, we are ready to adopt new measures if they are required, to meet this objective.”
Which is quite hard to follow because:
1. He is not in a position to promise for the future government, of which PP may be in oposition.
2. He states the opposite to the Spanish.
3. He has no right to negotiate this in advance, nor does Juncker.
Rajoy/Juncker are effectively appropriating future room for maneuver in return for delaying or withholding at their own discretion the ability to fine Spain should it seem in their interest.
Corruption is often very subtle.
http://www.prophecynewswatch.com/article.cfm?recent_news_id=348
Cornfusious say: “There are two side to every mouth”.
Four – inside and outside .
http://forward.com/the-assimilator/318664/trump-and-hitler/
http://www.eleconomista.es/firmas/noticias/7587744/05/16/Mienten-a-Bruselas-o-mienten-a-los-espanoles.html