The President of the Government, Pedro Sánchez, has tried to build trust among the financial elite present at the World Economic Forum by committing that his Government with Podemos will reduce the deficit and debt. At the same time, it has decided to slow down the so-called Google Rate after the fiasco in France, which has had to freeze this tax on the US tech giants in the face of the threat of US President Donald Trump to impose tariffs on its star products.

Sánchez has assured before the plenary of the Forum of Davos that his Government with Podemos "is not instrumental", but that it is designed to conclude the legislature and that, although he has stressed that the party of Pablo Iglesias, "is to the left of the PSOE "does not affect the sanitation of public accounts. " We maintain our commitment to reduce deficit and debt levels, which will undoubtedly generate more confidence among economic agents and allow us to have a government with more scope for future investment and investment," he has committed himself to the audience at a conference presented by the OECD secretary general, Ángel Gurría.

The event was attended by, among others , the president of Santander Bank, Ana Botín, BBVA, Carlos Torres, Ferrovial, Rafael del Pino, Acciona, José Manuel Entrecanales, Enel, Francesco Starace and the CEO of Repsol, Josu Jon Imaz

The president has also not eluded that he advocates a "fiscal justice" in which those who have more for the redistribution of wealth pay more taxes.

However, one of its tax increases slows down, the so-called Google Rate. Before the intervention of the president, the economic vice president, Nadia Calviño, said that on this issue the Government wants to "prioritize the international consensus . " Without renouncing the implementation of the new tax, Calviño has been in favor of waiting if an agreement in the OECD is produced in the coming months. It is what the US claims, which rejects unilateral taxes. Calviño has assured that the Government will work "in parallel" in the preparation of the Budgets to implement the Rate, but implying that without anticipating the eventual agreement of the OECD, as long as it occurs. If there is no international consensus, "we do not resign," said the vice president.

In his speech at the World Economic Forum in Davos, Pedro Sánchez has assured that his Executive wants to give answers against inequality and thus fight the extreme right and the "populism of the cerrazón". "Growth at any price is unacceptable," he said. Sánchez is one of the international leaders who has achieved his own space in the plenary session, although he also surrounds the day of bilateral meetings with businessmen. Among them, the president of Apple, Tim Cook, who, according to Calviño has not come to ask about the Google Rate, although he has shown "curiosity" about how the Government is going to articulate with Podemos.

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  • We can
  • OECD
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  • Pablo Iglesias
  • Pedro Sanchez
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  • France
  • Donald Trump
  • Carlos Torres
  • economy