It would be convenient for the Government to reduce the euphoria unleashed by the approval of some outdated Budgets from their very design.

After the champagne of propaganda, it is urgent to step on the harsh reality of growth forecasts

that do not correspond to the dire macroeconomic signals.

Starting with inflation, whose data for November, known yesterday, climbed a little more to 5.6%.

The biggest in three decades.

The Executive cannot afford to ignore the warnings that from numerous organizations

smos and study services coincide in refuting his triumphalism.

The notice of

Luis de Guindos

, Vice President of the European Central Bank, arrived clear yesterday:

escalating inflation could last longer than expected, putting the recovery at risk

.

The impact of the rise in the CPI on wages is already strong, which justifies the growing social unrest and augurs a spiral of conflict that has found its preamble in the metal sector of Cádiz.

To compensate for this loss of purchasing power,

the unions demand an upward revision of salaries to which the governor of the Bank of Spain opposes, due to liability

The smart thing to do now is to hold on until inflation begins to moderate, because impacting it on wages would install a loss of competitiveness in the Spanish economy.

The populist remedy demanded by the unions would chronify the damage to the purchasing power of workers

.

Regarding the revaluation of pensions decreed by the Escrivá reform after repealing the sustainability factor approved by the PP, public spending for this item will now rise by 2.5% in 2022;

With the January pay, they are 5,000 million more due to inflation.

To cope with this increase,

Escrivá has not thought of anything else than to squeeze the employer by raising social security contributions

.

A work tax that will discourage hiring in a country with high structural unemployment that, with these fiscal policies, will only worsen.

The macroeconomic picture requires a complete review of the government's economic policy.

That Sánchez, underneath his triumphalist speech, is aware of the delicate situation -whose translation in the streets would wreck his demagogic promise to "leave no one behind" - is proven by the fact that he is going to schedule two councils of ministers to the week to monitor the economy and have a greater capacity to react.

But nothing will improve if that reaction does not go in the right direction.

The bogged down labor counter-reform, for example, will be counterproductive if Yolanda Díaz's thesis ends up being imposed

in search of the essential consensus with the employer.

Spain cannot allow itself to silence entrepreneurs when it is small and medium-sized companies that are bearing the effects of inflation and the rise in industrial prices due to the electricity bill, which does not give a truce either.

The supply crisis completes a very worrying economic scenario.

The time of demagoguery has to end now

.

People's quality of life worsens.

Not all the springs of the economy are in the hands of the Government.

But it could start by telling the truth to citizens.

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