Correos

, the largest public company in Spain, is in a state of

technical bankruptcy

.

The worrying state of its accounts -it closed 2020 with 256 million losses, to which should be added at least another 91 million in 2021, the biggest hole in its history- and the inability to carry out the essential reconversion of the model effectively in full boom of the package, place the company before an abyss.

And there is unanimity in pointing out its president,

Juan Manuel Serr , as the great responsible

year

, who has shown himself incapable of living up to a position that was immediately seen to be too big for him.

With no business experience in either the private or public sectors, his was one of the many handpicked appointments made by the President of the Government to place his like-minded people at the head of all possible corporations, with the aim of exploiting as much as possible with partisan interest the main levers of the State.

It should be remembered that

Serrano was Pedro Sánchez's chief of staff

in the hard years in which he had to fight with Susana Díaz for the leadership of the PSOE.

And once installed in Moncloa, where he arrived on the back of the motion of censure that unseated Rajoy, the president wanted to generously reward the services of his political bishop with the

put in front of the post office

, remunerated with 200,000 euros per year, without caring about his total ignorance of the sector or that it was immediately seen that his management condemned the public company to total ruin.

As if public money did not belong to anyone and could be fired happily with gunpowder from the king, following the theory outlined in its day by Carmen Calvo.

The 52,400 Post Office employees were called last week to

three days of strike

in protest at a situation that continues to worsen and seriously threatens the future of the organization as we know it today.

And it gives a good account of Serrano's lousy management the fact that the unions - generally so docile with the Government this legislature - harshly attack Sánchez's right-hand man, whom they accuse of "living in a parallel reality" , and demanding Moncloa the unavoidable intervention to avoid the total decapitalization of the company.

In the opposition, Sánchez harshly criticized the

revolving doors

.

But, as soon as he came to power, he did not hesitate to populate public companies with his

bodyguard

and in appointing more than 330 senior officials -among former ministers, councilors and deputies of the PSOE- to fill the main positions of the Administration.

Without dissimulation, plugging, cronyism and in some cases the crudest nepotism have led the government coalition to place people without qualifications or specific knowledge.

If this already makes the public sector gangrenous in good times, in times of crisis like the current one it makes all the seams burst.

It is the sum and continues of an institutional erosion that will be one of the worst legacies of this legislature.

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