The president of the acting Government, Pedro Sánchez , was enigmatic on July 22. During an exchange in the failed investiture session with Pablo Iglesias and when he was still offered a coalition government, he declared himself "autonomous of economic power" and said: "There are going to be people who are going to make it very difficult for us (... ) but I am willing to take that risk ». Now he says he is no longer willing to run it .

He knows - and uses - that "economic power" is now even more resolutely against that in July of a pact with Podemos, because the signs of deceleration accumulate and, because the outgoing president of the ECB, Mario Draghi , warns that even limited risks of recession in the Eurozone "are on the rise".

Many businessmen privately tell members of the Government what they openly released last Monday with their characteristic direct style, the Valencian veteran Federico Felix to the acting Minister of Development, José Luis Ábalos . "Do not agree or joke with Pablo Iglesias," he told several witnesses to the minister in case there are last-minute pactist attempts. The leader of the PSOE smiled. He attended a meeting with the Valencian Association of Entrepreneurs

Felix, 75, is one of the most veteran businessmen in the country and current president of the Federation of Agrifood Companies of the Valencian Community (Fedacova). After his meeting with Ábalos, he explains to this newspaper that he always speaks openly and that he has nothing personal against Iglesias or Podemos, but believes that a government pact with this political force would be counterproductive for the Spanish economy . “It seems good to me that there is more social spending as we can say, but what they don't understand is that for that we have to generate growth. You cannot distribute what you do not have. The State needs the more companies the better. In his opinion, "before an unstable government with a wrong program is better elections."

For his part, the president of the Valencian Association of Businessmen, Vicente Boluda , was more institutional and indirect with Ábalos, but his message was also clear. He asked for "consensus" [which can be translated by not escoréis and agreed with PP and Cs] and "stability" [do not bother that you are going to govern with a partner you do not trust and with independentistas] in a speech applauded by the Mercadona president , Juan Roig, among other assistants. There was also applause from the minister, whom they see moderate and committed to the Mediterranean Corridor. "Ábalos has done in a year more than other Ministers of Development," says Felix.

The Valencian episode shows what is happening. The CEOE CEO, Antonio Garamendi , has expressed himself since April in favor of a single-color government and Vice President Carmen Calvo came to tell Podemos that there could be no coalition, because they are not "liked" by the employer, according to hammered Iglesias on Wednesday at the Congress. That is why the leader of CCOO, Unai Sordo , tends to joke that Garamendi is the most powerful type in Spain by conditioning the pact policy of the PSOE, but everything indicates that Sánchez and Calvo use business concerns to justify their true desire to rule alone . By the way, if union leaders openly advocate that Sánchez agree with Iglesias, it is legitimate for employers to express themselves as well. Another thing is that they exercise maneuvers in the dark that CEOE flatly deny.

However, it is logical that the acting president now has more vertigo than in July to govern with Podemos, which are more against him than the recipes for sanitation and economic liberalization that international organizations advise Spain. The president of the Businessmen's Circle, John de Zulueta , also asks for elections before an unstable government; and Garamendi warned Sanchez in his summer contacts that the next president of the Government, whoever he is, will have four very economically difficult and hard years.

"A pact with Podemos last minute based on the program that Sánchez has presented would sink the Spanish economy in these coming years," says a senior business leader. And keep an eye on Draghi's phrase on Thursday: "In view of the weakening of economic prospects and the persistence of pronounced downside risks, in countries with high public debt, governments must apply prudent policies." The _BCE has invested 260,820 million in Spanish debt and does not want adventures.

THE EFEMERIDE

Grant or Donation

Ten years have passed since the decree of the Zapatero Government, which, according to a recent Civil Guard report, sponsored a grant of 31 million for a nursing home that ended up watering the pocket of the Asturian leader of UGT. It is not bad that critics of Amancio Ortega's donations compare that dilapidated public money with the announcement of its foundation: 90 million to build and deliver not one, but seven nursing homes to the Galician public network. And, as always, it was his wife Flora Pérez , who presented the donation and not the discreet Ortega. The low profile is its norm and the president of Inditex, Pablo Isla , does not lavish either, with exceptions such as the curious one that he has accepted on the 24th - a day after the possible electoral call - in the I Women and Leadership Day organized by Gloria Lomana .

CHARACTER

6.5% better, but ...

Telefónica's price has risen 6.5% since it generated expectations on day 4 of measures to revitalize the actions by announcing that “the president of Telefonica has decided to advance the board of directors meeting. The economic and market situation have influenced to advance the call ». Therefore, goal met for the moment for José María Álvarez-Pallete . But the most important decision reached by that board of directors has proved to be allocating 1.6 billion to pay for the nth leave plan for thousands of employees with more than 53 years. Pallet, 55, has obtained a smooth and dialogic reaction from the main unions and is being careful to interrupt their usual personal activity on Twitter, but it impresses how the first company in the country constantly needs to reduce, recycle and rejuvenate staff.

TO FOLLOW

Square the circle

The acting finance minister, María Jesús Montero , is a political revelation for the PSOE, but difficult to understand. He has had arrests to activate the Stability Law demanding adjustment plans for communities at risk of deficit, including socialists, and could sign up somewhat in Brussels. But she does it in secret and offering extensions, because in parallel she does not give a solution to those same communities to unlock funds of more than 9,000 million to which they are entitled and which she herself demanded when she was an Andalusian councilor. In addition, in an attempt to square the circle, it subscribes to the high-cost plan offered to Podemos to govern while requiring adjustment measures to, among others, the Madrid Treasury advisor, Javier Fernández-Lasquetty , who guarantees respect to the Stability Law, but refuses to submit a plan, because it does not see data for it.

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Know more

  • We can
  • PSOE
  • CEOE
  • Pablo Iglesias
  • Telefonica
  • European Central Bank
  • UGT
  • Twitter
  • CCOO
  • Carmen Calvo
  • Citizens
  • Spain
  • Inditex Group
  • Civil Guard
  • Andalusia
  • José Luis Ábalos
  • José María Álvarez-Pallete
  • Madrid
  • Mario Draghi
  • Maria Jesus Montero
  • Mercadona
  • PP
  • Pedro Sanchez
  • Television

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