The budget plan sent by the Government to Brussels -made to reach the limit of the term, revealing the collapse of an Administration surpassed by events- certifies with the official seal the collapse of the Spanish economy. According to their estimates, the fall in GDP will be 9.2% while the unemployment rate will reach 19% in the worst case scenario . The forecasts are more optimistic than those predicted by the Bank of Spain and the IMF. It is hard to believe that the unemployment rate did not exceed 20% considering that it had already stood at 14% before the coronavirus crisis erupted. In any case, despite the fact that Nadia Calviño assured before the outbreak that the epidemic would hardly produce disturbances in our economy, the reality is thatthe government already admits -although not yet in all its harshness- the seriousness of the situation facing our country . The recession will be profound and will cause this year to return to the 2016 figures. In just a few months, all the jobs created in the four years will be destroyed.

This panorama preludes a scenario of extraordinary uncertainty for companies. Confinement has sunk production and consumption. The mechanisms enabled are completely insufficient for SMEs and freelancers. And the de-escalation plan outlined by the Executive - late and without concretions - has solved practically all sectors of the economy, especially, the hospitality industry and retail trade. All this leads Spain to ask for the bailout and a new era of adjustments in which it would be inadmissible for all the weight to fall on the companies, which are the engine of the productive fabric and employment in our country . The Fiscal Authority (AIReF) has warned that the data on which the Government relies is liable to worsen. Added to this is the need to place debt this year to finance more than 300,000 million, 50% more than expected. It is not feasible to think about recovery without requesting credit from the European Stability Mechanism (Mede). The European bailout fund is tied to harsh conditions, but at least this would guarantee orthodoxy despite the temptation to spend by the Executive Manirrote of Sánchez and Iglesias.

María Jesús Montero assured yesterday that "there are no plans to make any kind of adjustment in the public sector," such as a possible drop in wages. This position of the Government is irresponsible and demagogic. The public sector must also shoulder its shoulders . At a time when hundreds of thousands of jobs are destroyed and companies are forced to avail themselves of temporary employment records or, directly, to close their activity, it is unacceptable that the administrations and the more than 2 , 5 million officials are exempt from a collective effort that requires social co-responsibility. Especially considering the elephantine bureaucratic apparatus that supports the State and the exorbitant dimension of a Government with 22 ministries. It would be completely incomprehensible, as well as deeply unfair, to exclude the public sector from sacrifices. Zapatero did not want to assume this reality in 2008 and, two years later, he put the scissors in the salaries of the officials. Sánchez must understand the need to spread the painful burdens of an inevitable adjustment.

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Tribune Surgery for a crisis

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Economy Sánchez will have to make an adjustment of 80,000 million in his mandate only to return to the deficit of 2019