The Government fears that it will not be able to prevent banks from passing on the new tax to customers

• According to the Bank of Spain, the bank is already preparing more expensive mortgages and anticipates a "considerable" drop in demand

The Executive is aware that it is going to be very complicated that, in effect, the bank ends up paying the 3,000 million euros in two years that it intends to collect with the new tax announced by the President of the Government, Pedro Sánchez, during the debate on the state of the nation.

That the client does not end up transferring it and

.

In the Ministry of Finance they refer to the legislation that will accompany the new figure, and by which it

that the tax is passed on to customers.

In Economy, the first vice president herself, Nadia Calviño, yesterday called for a "

" in the sector.

And in Moncloa they point out that the tax is still being worked on and that the best way will be sought to ensure that the banks actually pay the new figure.

But at the same time, from the Executive they show a notable mistrust of the sector.

In fact, that the tax is going to be accompanied by an impossibility of transfer or that Calviño asks for a collaboration that seems unlikely does nothing but show that fear.

A concern that does not seem so strong in the case of the tax on electricity companies, in part because the work is more advanced, although there is not, far from it, the certainty that it will not be like that in the end.

But in the case of the figure on banking, which is not yet known for sure what will be taxed but which could act on interest and commissions, the concern is much greater.

And the Treasury and the Government know and fear that, although the National Commission for Markets and Competition (CNMC) will be on top,

.

The only country in Europe

The banking entities, meanwhile, try to escape from this debate, who will end up paying the tax, and try to focus the discussion on the fact that

.

And that it will be detrimental to entities, to customers and to economic activity.

This is how they expose it from the employers, from the entities themselves and also from their study services.

BBVA Research is being particularly active, as last week it warned of the negative effects of the tax and this week, through its head of Economic Analysis, Rafael Doménech, has influenced the message.

"A specific tax on banks leads to a balance with less credit and at a higher cost, with less growth in activity and employment, and a collection below what was initially expected," he explains in an article published in

and also collected on the BBVA Research website, and stresses that "unfortunately, it is foreseeable that the most vulnerable customers such as

may be more affected" by the negative effects of the tax.

rate hike

The origin of this tax is in the so-called benefits "fallen from heaven" that, in the opinion of the Government, will grant the entities the rise in rates of the European Central Bank (ECB) and that the banks absolutely reject.

In any case, what the credit rating agency Moody's pointed out yesterday is that the increase of up to 50 basis points in interest rates that Christine Lagarde will probably announce this Thursday will benefit

.

This is due to the fact that the entities of Spain, Italy and Portugal have a higher proportion of loans linked to variable interest, so the rise in the price of money will increase their income.

The banks of the southern countries also have lower loan-to-deposit ratios and higher liquidity buffers, so they will receive greater benefits from the higher returns on their liquid assets, reports Europa Press.

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