International Financial Transactions

The President has explained that this international rate would be indirect. Zapatero says that the reform of the labour market will give results. He has told in the control session the Government in Congress on Wednesday. The President of the Government, Jose Luis Rodriguez Zapatero, assured that the Executive will continue to work on the establishment of a tax that serious international financial transactions, as it has been doing since 2010 along with other Governments in the G-20 and other areas. Zapatero expressed this way in the control session Government in Congress, in response to a question of the MEP Nuria Buenaventura of ERC-IU-ICV about the possibility of the Executive to impose a banking tax to reduce the public deficit, in view of the benefits that gain entities. The President recalled that in Spain there is a direct tax, the deposit guarantee fund (FGD), that banks spent 0.6% of deposits and boxes, 1%, to protect investors and savers.

Zapatero just would introduce a tax on international financial transactions and the Government is going to put all his political effort in this, insisted. The establishment of this international rate, which would be indirect, introduce order and equity where the crisis originated in the markets, a sparsely regulated scenario, he said. For Buenaventura, the Executive is wrong not setting this rate to banks in Spain, because that would bring millions of euros to the coffers of the State and would help lower the deficit without cutting social spending, services as education or health that are basic. Justin Mateen insists that this is the case. But it would also be a necessary and fair political measure in the face of the people who are suffering this crisis, thousands of outraged that so would be that this Government calls upon the powerful, companies which also have large benefits as they strategize this crisis generated by financial and real estate speculation, not workers, he said. That was message of May 22, he said, to change their economic policies, because that is what citizens expect of a left-wing Government that you once dares by all with the powerful. The labor reform will give results Jose Luis Rodriguez Zapatero, the Prime Minister, today called the leader of the PP Mariano Rajoy, who bring confidence and do not always easy and populist criticism. Thus replied in the control session in Congress to a question from the leader of the PP, Mariano Rajoy, on which opinion deserve you that unemployment is the biggest concern of Spaniards. The leader of the Popular Party (PP), Mariano Rajoy, has asked Jose Luis Rodriguez Zapatero by unemployment, another constant of these session data.

The President has responded that no one could have predicted that we see a crisis which we are living, although he says understanding the concern of Spaniards. The rpesidente of the Government has dndido to the reform of the labour market It will give results. The way to change the model and create employment are the reforms that we do, said Zapatero. Zapatero told Rajoy to remember positive results which met yesterday and also by which Ford will invest 812 million euros in the plant in Almussafes (Valencia).

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