November 26, 2020

The Government raises the salary to officials and will inject 103,000 million into the regions and other economic news




1.-The Government approves the rise to officials and inject 103,000 million euros into the communities. The Government has approved today in the Council of Ministers the salary increase to officials of 2%. This measure, together with the 0.9% increase in pensions approved last week, was one of Pedro Sánchez’s priorities once he was inaugurated president. Too has approved the update of deliveries to accounts for this 2020, although on a provisional basis, since it has to be collected in the General Budgets that the Government expects to present in March and approve them in summer

2.-The request for mortgages suffers the biggest fall since the crisis due to fear of economic worsening. The fear of a worsening economy can be seen in the credit market. The families and businesses of the country They are requesting fewer loans and banks are more rigorous when granting them. This follows from the last bank loan survey of the Bank of Spain, corresponding to the last quarter of last year and which reveals that this trend is especially notable in the case of loans to buy housing. In fact, the demand for mortgages by households suffered their biggest fall since 2013, when Spain came out of the recession.

3.-Sánchez commits to tourism to regulate tourist apartments. The President of the Government, Pedro Sánchez, has committed himself to the tourism sector to continue to regulate tourist flats, “how much damage they do to hoteliers.” It is Sánchez’s first public appearance after swearing in his position last week and he has done so to inaugurate the 10th tourism leadership forum, organized by the Exceltur tourist lobby, and before meeting at the Council of Ministers and embarking on his trip to Davos to attend the World Economic Forum. In his speech, the president wanted to send a message of cooperation to a sector that he believes is “spearhead of the economy.”

4.-The National Court investigates whether Tous has sold jewelry filled with non-metallic material. The National Court investigates Tous to clarify whether, as the Prosecutor’s Office maintains, the company has sold jewelry filled with non-metallic material, despite advertising them as if they were entirely of gold or silver, some accusations that the brand rejects, which ensures that all its pieces are certified and are of the first law.

5.-Austria rejects the European tax on financial transactions. The new Austrian finance minister, who has only been in office for two weeks, has planted himself head-on before Germany and France. In his first Ecofin in Brussels, Gernot Blümel asked for a previous section with his German counterpart, Olaf Scholz, to clarify that “Or the proposal for a tax on financial transactions is revised in depth or Austria is withdrawn from the project”. The Austrian People’s Party (ÖVP) politician has later confirmed to the German press his ultimatum, claiming that in Vienna there is great frustration over how the European project has developed and the drift he is taking against small savers. «Austria co-ordinated and significantly advanced the project at European level after the financial crisis and after the Commission made a regulation proposal.


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