There is no more irresponsible attitude in a ruler than the conscious twisting of reality to the satisfaction of his particular interests. And if that reality seriously concerns the well-being of all citizens, the irresponsibility is even greater. Already in the propaganda inertia of the campaign, the President of the Government in office and candidate of the PSOE to the next general election continues to relativize a slowdown that, as the IMF warned yesterday, affects 90% of the countries in the world. Sanchez insists on his frivolous promises to open the faucet of spending while keeping the delicate state of national accounts hidden. And without blushing, he persists in the manipulation of institutions as an electoral speaker. Because some of the star measures launched by hype and saucer by the socialist candidate, in addition to incurring a shameless demagogy, would be detrimental to the Spanish economic scenario in the immediate future.

The most alarming, due to its consequences, is the pernicious effort to link pensions to the Consumer Price Index (CPI), a link advised against by all official bodies. Broken the consensus of the Toledo Pact, with Social Security accumulating an annual deficit of 16,000 million euros and with the monthly expenditure on pensions shot up 48% between 2009 and 2019, Sanchez recidivizes in the most rude electoralism and addresses this message to the almost nine million pensioners who can vote on 10-N: if he wins, benefits will rise from December to the rate of the CPI. And to fulfill this promise, given the impossibility of the Toledo Pact approving such imprudence, he will again use the favorite tool of sanchismo: the decrees of electoral Fridays . This will increase spending by 1.1 billion euros, and justify it by "social urgency." A new economic pirouette of the president who, without detailing where the necessary income will come from or outlining the reforms required by the system to be sustainable, seeks to catch short-term votes in one of the most sensitive fishing grounds.

The paradox is that while avoiding the slowdown - also confirmed yesterday by the OECD -, Sanchez admits the existence of external elements that will damage the national economy, such as Trump's tariff war. A damage that seeks to compensate with another populist wink towards a traditionally socialist voter : the reduction of the necessary steps to access the agricultural subsidy in Extremadura and Andalusia. More spending, then, but no measure to alleviate the inflection of economic activity that is already noted.

According to the criteria of The Trust Project

Know more

  • Editorial
  • Andalusia
  • IMF
  • OECD
  • PSOE
  • Social Security
  • Pensions

EditorialSanchez will not be able to hide the economic downturn

Are you serious in Catalonia?

Sanchez and the thousand and one faces of its economic recipe