Much will have to vary the economic plans of the future government that Pedro Sánchez intends to arm with Podemos for Brussels to give the green light to its Budgets. After analyzing the accounts sent by Nadia Calviño in October, the European Commission yesterday issued a severe corrective to the Executive, understanding that the figures held by the paper would not be supported by reality, since they pose a risk of "significant deviation" from the fiscal rules European, particularly in relation to debt reduction. The palm conclusion is that Spain continues far from reaching budgetary stability . The Government has not only not made sufficient efforts to contain the high level of debt, but rather the opposite: it has irresponsibly raised an expansive policy that goes beyond what was agreed upon. "Spain is not expected to comply," Vice President Dombrovskis said yesterday, while urging the Executive to present a credible and useful plan; that is, updated to the economic situation and that includes additional measures to reduce the deficit.

Although the truth is stubborn, while Europe threw a jug of cold water to the Government, Sanchez insisted during a meeting with businessmen that his "commitment to budgetary stability and fiscal discipline will be part of the new Government." Listening to the president and the EU, it is worth asking: what Sanchez should we trust? In which you send some budgets to Brussels aware that they would necessarily have to be adjusted to more prudent forecasts? In which indexes pensions based on the CPI despite the Commission warns that the sustainability of the system is at risk? Or in which, despite everything, it pretends to be a guarantor of stability?

Brussels had already advanced a month ago that these accounts would violate the rules on debt, as they did not reflect the agreed structural effort. Given the cycle of growth and the tail winds that we leave behind, it is a huge missed opportunity. Spain will start 2020 under the Montoro Budget, accounts that are not designed for the current scenario. This week, more data have been published that certify the general economic cooling: the national construction activity suffers the biggest drop in the sector throughout the EU and tourism will end the year with 0.7% less international visitors than the previous one.

The economic challenges of our country are enormous and must be tackled from budget rigor so as not to worsen the economic slowdown. That is why yesterday the CEOE issued an unusual statement urging Sánchez to form an alternative government to Podemos. The future of the Spaniards does not deserve this continuous improvisation, but a moderate and stable Executive that propitiates state pacts and unplayable reforms that flee from populism.

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