After a year of open conflict with the major banks, the Spanish government opened its doors last Friday – Reconsidering the tax on bank profits The extraordinary measures imposed, just as the reconsideration had previously been announcedEnergy tax last week. This was confirmed by the First Vice President and Minister of Economy, Nadia CalvinoAt the same time, he added that the tax will be adjusted “taking into account that circumstances have changed” and we no longer face the same interest rate scenario. “It seems to me that the time has come to review and see whether it is necessary to adjust some factors in the new scenario, where there is no longer such a rapid increase in interest rate This rapid rise of Energy prices. We have to see if we need to make any adjustments or not,” Calviño told Antena 3.
In the same statements, the First Vice-President and future head of the European Investment Bank (EIB) defended that the Spanish government “did a very good job” of imposing the tax on banking and energy companies, and that, in addition, it “complied with the combination expected by the Treasury and served as an example for European countries.” The other. “I think it was a good decision. As it stands now, I think it’s time to review and see if you need to adjust. We have always said that we will analyze these two taxes to see if it is necessary to maintain them in the future and by what standards, in light of the fact that they still have the same positive impact from a group and economic point of view,” Calviño said.
Stopping interest rate hikes is “good news”
During his statements, Calviño also considered that “it is good news that the European Central Bank has stopped the increase in interest rates.” In addition, the Vice President denied that the “rapid and intense” increase in the Spanish economy had slowed the Spanish economy in a worrying way. “What you see is one A significant slowdown in the European economy A very rapid decline in inflation. Spain’s growth rate is already 3.2%, and this year’s average will be 3.6%. We are seeing a fairly moderate impact, except for those households and businesses that have variable interest rate credit. That is why we are working with banks to be able to provide relief measures to families with mortgages at interest rates.”
Noting that these relief measures will be maintained, the Vice President indicated that she will hold another meeting next week with banking institutions to continue making progress on this and other measures related to elderly care. “We see with the banks Expanding the Code of Good Practice Mortgage debtors can extend to the next year the possibility of changing the mortgage from a variable interest rate to a fixed rate, free of charge, as well as early repayment of credits. “This was a relief measure that was very well received and very important, and since higher interest rates will still be felt in mortgages next year, we will expand this possibility to change next year for free,” Calviño explained.
Calviño indicated that he will also talk to entities about expanding the network of ATMs and other cash access systems to all cities in Spain. “We have already exceeded 90%, more than 250 cities have received or already have ATMs or another tool and I will discuss all this with the banks next week and with bank users,” he explained.
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