リスク評価機関のスタンダード·アンド·プアーズ（S＆P）が、スペインの経済成長の沈降と、カタルーニャ地方の独立運動により、スペイン国債の格付けをBBBーに引き下げたことに対しスペイン政府は不満
El Gobierno confía en que las reformas obligarán a S&P a reconsiderar su rebaja
Economía se muestra sorprendido por la decisión de la agencia de calificación
Asegura que el BCE podría empezar actuar en un plazo "relativamente breve"
Standard & Poor’s deja la deuda de España al borde del ‘bono basura’
El País Madrid 11 OCT 2012 - 17:46 CET
The Government hopes that the reforms will force S & P to reconsider its downgrade
Economics is surprised by the decision of the rating agency
Ensures that the ECB could start acting within a "relatively short"
Standard & Poor's debt of Spain leaves the edge of 'junk'
The Country Madrid 11 OCT 2012 - 17:46 CET
The Secretary of State for Economic, Fernando Jiménez Latorre, is convinced that the rating agency Standard & Poor's will have to rectify and recheck note upside solvency of Spain after his decision to leave one step from junk. The Government explained Latorre, does not share the analysis of S & P, which has justified the downgrade the rating of Spain by two notches to BBB-, by doubts about economic growth and political tensions that exist both within and outside the country .
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"We were surprised, did not expect this change", said the decision of S & P before reiterating that "the Government's willingness to continue reforms and correcting the deficit diversion is absolute." For this reason expressed his confidence that "the agency to reconsider the quality of Spanish public debt, once they fulfill the objectives."
To Latorre, the agency, which is one of three that dominates the business of risk measurement worldwide, has not taken into account the impact that the reforms have been launched by the Government in growth. According to the Government, which has used the same argument of reforms to address the bad spells the IMF forecasts, expected a cut of 0.5% of GDP by 2013. The body chaired by Christine Lagarde predicts a contraction of 1.3%. For S & P, the figures from the Executive are optimistic, a thesis which shares to the Bank of Spain.
Downgrade if doubts remain about the rescue
S & P adviertió well last night the Government, through a statement, the rating now downgraded to BBB-also has a negative outlook and said the lack of decision when ransom may damage the rating of sovereign debt. "We believe that the doubts of the government to agree on a formal program of support, which probably would reduce significantly the cost of financing the country through purchases by the ESM and the European Central Bank (ECB), potentially increasing the risk of a further decline Spain's rating, "he warned. The agency also noted, as an element that had tipped the balance against Spain, the euro zone difficulties when unanimous decisions. "The political framework between eurozone countries which in our opinion still lacks predictability," he said.
The Secretary of State has warned that the government "is determined" to ensure that the measures agreed at EU level to combat the crisis are in place. This, contrasted doubts showing S & P by the fact that Germany has hardened its stance on the possibility of rescue mechanism. Specifically and as yesterday defended the president, Mariano Rajoy, the president will fight for union bank accelerate and allow direct payments to the bank, for which they also have to overcome the reluctance of Germany.
The performance may "soon"
Latorre also has said that the European Central Bank (ECB) could start acting within a "relatively short", but before Spain must formally request aid bailout funds and assume the conditions. To do this, he insisted, the government must assess the options taking into account all relevant information, as the conditions of the eventual request for help. "With that in mind it will take the decision," he said.
"Theirs is expected that in one form or another intervention mechanism in the secondary markets happens to act in a relatively short time," he explained before remembering that the central bank was "inefficiencies" in monetary policy and defended the need for make clear that the euro project is "irreversible". Therefore, he added, "it makes sense" to think that the institutions take the necessary measures to dispel those doubts.
From Brussels, the European Commission has chosen not to comment on the downgrade or S & P or by the timing. "We have no comment on the decision of this rating agency," said Economic Affairs spokesman, Simon O'Connor. "We will continue to monitor the situation in Spain, especially in context of preparing autumn forecast, to be presented on November 7," he added.
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