Rajoy proposes to exclude young bonificiaciones deficit hiring
ラホイは雇用若いbonificiaciones赤字を除外することを提案
Rajoy propone excluir las bonificiaciones para contratar jóvenes del déficit
El presidente reclama medidas del BCE y del BEI para mejorar la financiación de las pymes
"El BCE puede y debe hacer más por las pymes"
EP París 28 MAY 2013 - 09:37 CET
Rajoy proposes to exclude young bonificiaciones deficit hiring
President calls for action from the ECB and the EIB to improve SME financing
"The ECB can and should do more for SMEs"
Paris EP 28 MAY 2013 - 09:37 CET
The Prime Minister, Mariano Rajoy, has proposed Tuesday exclude, temporarily, bonuses for recruiting young people of calculating the deficit as a recipe to fight youth unemployment, and called for accelerating the implementation of the European fund 6,000 million to promote youth employment.
Rajoy has called for further measures European Investment Bank (EIB) and the European Central Bank (ECB) to improve access to finance for SMEs. The Prime Minister is expected to make decisions on these proposals at the European Council in late June.
"Europe must do more, better, faster and more efficient," Rajoy said in a speech at a conference on Europe and youth unemployment organized by Berggruen Institute and the Institute of Political Sciences in Paris. "We are all very concerned about youth unemployment and want to take effective action," said.
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"The first, and certainly the most important, is the creation of a mechanism to exclude, temporarily, bonuses, social security contributions for the recruitment of young of calculating the deficit in the excessive deficit procedure," said the Prime Minister.
"With this action, we would allow immediate and decisive action, with real capacity hiring incentives," he argued. On the merits of 6,000 million euros, Rajoy said "we need these funds can be used rapidly from the same month of January 2014." The Prime Minister also has welcomed the initiative of German Chancellor Angela Merkel, to convene a meeting of Ministers for Employment of the EU on July 3 in Berlin.
Regarding the financing of SMEs, Rajoy has called on the EIB to triple the annual lending to these companies, from 10,000 million euros to be allocated now to 30,000 million. It has also proposed that the EIB granted to commercial banks' guarantees high quality of the portfolios of new loans to small businesses. "
"With full respect for their independence, I firmly believe that the ECB can and should do more" for SMEs, said Rajoy, who has offered to its president, Mario Draghi, "opening an interinstitutional dialogue to address this issue."
The Prime Minister has also claimed that the June European Council will serve to advance the banking union. "Last December we adopted the single monitoring design and its entry into force in March 2014. This date does not tolerate delay," he said. It has also asked quickly adopt bank resolution policy and the system of direct bank recapitalization.
By the end of year commitment to an agreement on a unique mechanism of liquidation of banks in crisis and on "the basis and timing of a future common security deposits."
Rajoy has also proposed fiscal union to advance the creation of "some kind of common European debt and compensation systems of asymmetric shocks". As for the economic union, has raised "more integration in key sectors such as retail banking, services, telecommunications and energy."
The Prime Minister has denied that these initiatives Europe become a "transfer union" as fear Germany and the Nordic countries. In this regard, he stressed that "the contribution of Spain to the bailouts of Greece, Portugal, Ireland and Cyprus is proportionally greater than the so-called rich countries, as these are funded lower rates."
According to the Prime Minister, most of these measures can be adopted without amending the Treaties, unlike what Germany wants. "Only when we could return to the path of growth and employment, we approach this task, in view of the needs we encounter along the way," he argued.
"The next European Council in late June is crucial to show that the EU complies with the agreement and is able to run it effectively," he warned Rajoy, who regretted that the progress of the past year are not enough.
Rajoy has argued in his speech that Spain has complied with the required fiscal consolidation, and that has reduced the structural deficit by 3.5% of GDP in 2012 and welcomed the intention of the Commission to propose "a moderation in the pace of consolidation tax "to adapt to the economic downturn.
"It is true that I have been forced to make decisions as painful as inevitable. Pointed not the unpopularity that this brings, but because we are all aware that citizens need to realize that the sacrifices that European integration requires, have counterparts palpable in a short time, "said Rajoy.
The president also has value to the "very important structural reforms" undertaken by the Government, such as labor or financial restructuring. "These measures are allowing us to correct some of our most important economic imbalances," he noted.
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