The Bank of Spain dismantles Pedro Sánchez

The Bank of Spain harshly rebuked

on Wednesday for the patches to stop the economic crisis that has plagued the Spanish since the

was declared , two years ago.

In its annual report, corresponding to 2021, the banking supervisor demolished the triumphalism of the Government and warned that the Spanish is among the large economies of the euro zone the one that has behaved "worst".

The banking body underlines that the management of the pandemic

income equality

and that the short-term measures of the Executive benefited the highs more than the lows.

Furthermore, he maintains that the

is not creating as much employment as is advertised - less euphoria and more caution - and that the Government's solutions are inefficient.

An unparalleled embarrassment for the responsible ministers -

,

Y

- and a bath of reality that knocks down the president's complacency regarding his management.

Spain is the only country in the Eurozone that has not yet recovered from the pandemic.

It is the only one where they decreased the

and the

-8% below the rest of the countries- due to the rise in energy prices, which are the ones that have the most weight in our shopping basket.

Those most affected continue to be families with less purchasing power, citizens with less education and those over 65, who have had to resort to their savings to face runaway inflation.

Added to this is the setback suffered

-the sector with the most weight in our economy- in the last two years, falling above 20% in quarterly rates and the consequent slowdown in Gross Domestic Product (GDP) higher than expected, which has led the Bank of Spain to announce that it is going to reduce its growth forecasts for this year, which it had set at 4.5% compared to the 4% of the European Commission.

On the other hand, this Wednesday it was known that the price of

it rose again in April in the big cities, registering double-digit increases and marking maximum prices as a consequence of high inflation and the decrease in supply.

Here is the failure of another of the Government's patches: April was the month in which the measure that limits the rise in rents to 2% when renewing contracts came into force, to which the market responded with a price increase .

The Commissioner for Economic Affairs warned in an interview with EL MUNDO three days ago that Spain will not recover from the pandemic until 2023 and that the Government must flee from public spending that becomes permanent, such as that which involves revaluing

according to the CPI.

This Wednesday, the banking supervisor agreed with Brussels and reproached Sánchez for the same thing, the recurring use he makes of this electoral measure that destabilizes the economy.

The Government has to approve measures that cannot be postponed once and for all and carry out structural reforms that suppose a true control of spending and the sustainability of income.

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