Puig calls for Monday the follow-up commission on financing to analyze the current situation



Ximo Puig en imagen de archivo

Ximo Puig in Europa Press file image

Puig has expressed himself in these terms in Castellón after receiving in audience Castellón Sports Club and being asked for his assessment regarding the letter sent by the Ministry of Finance to the autonomous communities on the funding that will be available next year.

The head of the Consell stressed that the situation of underfunding of the Valencian Community is a fact “recognized and well known by the Ministry of Finance”, therefore believes that “it does not make any sense this game that come between hands, which finally the only thing that creates is disaffection and sterile confrontation within the institutions “.

Puig recalled that it will soon be a year since the Conference of Presidents met that, at the proposal of the Valencian Community, decided that during 2017 the regional financing model would be renewed. “It was a commitment by the Prime Minister that has not been met,” he added.

Thus, stressed that at this time there is a situation in which “obviously we have to make some decision” and, in this regard, announced that it will convene next Monday the monitoring committee in favor of fair financing of the Valencian Community – formed by the parliamentary groups, the Valencian Business Confederation, trade unions, universities and the Federation of Municipalities – “and, with the advice of the committee of experts, we will analyze the situation of this moment”, he clarified.

For Puig, throughout this year there have been advances “because the commission of experts was created, it was fulfilled with the objective that before August there was a report of this commission and, from there, a space of confidence was generated that It made it possible to open a political-technical commission that had to take that report to the Fiscal Policy Committee. “

Therefore, he has assured that he does not understand why “Catalonia is now being introduced as a paralyzing subject of what had been done during this year”. As he has argued, at the Conference of Presidents Catalonia was no longer present and “we were left to renew the financing model”. In this regard, he asked himself “why Catalonia is now excused from not fulfilling the Valencians and the rest of the Spaniards”.

“The only thing we want is that there is a fair financing system, that there is diversity and uniqueness between the territories, but equality between citizens, and for that, political will alone is needed,” the ‘president’ said.

Likewise, Puig considers that the General State Budgets have a dynamic and the scope of financing “is another space for discussion, which must then be transferred to budgets, but this will be a second issue”. In any case, he believes that linking the approval of the budgets and the position of the parliamentary groups to the legitimacy of origin of the autonomous communities is “a real nonsense”.

“It is clear that the Ministry of Finance and the Government should know that they are playing with fire and that it is not good for coexistence to maintain that situation in which you can not trust the interlocutor,” he added.


Puig has insisted that all this is “more than a blackmail, it is a huge nonsense”, because what is being raised is “an absolute lack of confidence in the heart of the institutions, and that, in this political moment with the crisis territorially, it is absolutely dangerous “. Therefore, he believes that “they have to reflect and I am sure that the President of the Government is aware of this situation”.

Bankia expects to close the year with a profit of between 800 and 900 million euros

Bankia expects to close the year with a profit of between 800 and 900 million euros

Bankia expects to close the year with a profit that will range between 800 and 900 million euros, clearly exceeding the 509 million obtained in 2013 (608 million if the subordinated loans granted by BFA to Bankia are not taken into account) and calculates that it may end 2015 with a net profit of more than 1,000 million.

Bankia expects to close the year with a profit that will range between 800 and 900 million euros, clearly exceeding the 509 million obtained in 2013 (608 million if the subordinated loans granted by BFA to Bankia are not taken into account) and calculates that it may end 2015 with a net profit of more than 1,000 million.

For this, the entity will take advantage of the “comparative advantage” with the rest of the sector in terms of efficiency, which will be “more relevant” in an environment marked by low interest rates, close to 0%, as reported to Europa Press in financial sources.

The sources explain that the nationalized bank manages the same volume of business two years ago, but with some 1,000 fewer offices and with a staff reduction of around 6,000 employees. Bankia is currently facing a return to normality, framed by a low interest rate environment in the euro zone that will hinder the banking business in the next two years.

Thus, sources expect that revenues in the financial sector in general tend to “flatten” in 2015 and 2016, but trust that the BFA-Bankia group will reach the goal of net profit of 3,100 million accumulated between 2013 and 2015.

This ability to generate profits reinforces Bankia’s idea of ​​distributing its first dividend in history next year, charged to the profits of 2014. However, sources indicate that the decision on the ‘pay out’ will be made at the beginning of the year. 2015, once the accounts for the current year are closed and the ECB, current sole supervisor, issues its recommendations on the shareholder remuneration policy.

The nationalized bank, currently involved in about 62% by the Fund for Orderly Bank Restructuring (FROB) through its parent BFA, has already returned 1,304 million of total aid for an amount of 22,424 million, after a first placement (7.5%) of the state participation.


Another frob sale when the market regains strength .

Another frob sale when the market regains strength .

The sources rule out a new sale of the FROB until the first months of 2015, since the “decaffeinated” reaction of investors to the stress tests and the “little pulse” of the market do not advise this operation in the remainder of the year.

“From January to May, the market is expected to have more strength”, they explain from the sector, and they imply that “the stock market uncertainty derived from the postponement of Aena’s flotation has not helped” the stock market. In addition, large fund managers usually close positions at the end of November, which reduces the possibility of another divestment before next year.

In any case, the formula that the Ministry of Economy will foreseeably choose to reduce its participation in Bankia will be again through an accelerated placement, since “the bond issuance in shares is no longer on the table”. The sources clarify that by means of this last modality the maximum amount to be placed would be limited to around 1,000 million euros.

Lloyds as reference .

Lloyds as reference .

Within the process of returning public aid, the sources distinguish between ING and Bankia. The Dutch bank completed last week the reimbursement of public money for restructuring five years after its rescue, with a return to the Netherlands of 3.5 billion in interest and premiums.

“Bankia takes Lloyds more as a reference,” the sources say, recalling that the British state still retains 25% of the entity nationalized in 2008, after reducing its participation through several placements.

The Government has on several occasions expressed its confidence that the nationalized entity will return “all” of the public aid destined for its reorganization. However, he prefers not to set a deadline for this reimbursement, given that the State will gradually lose its participation.

Obama changes from cabinet chief to eleven months of the presidential elections


The president of the United States, Barack Obama , has elected as the new chief of staff the current director of the White House Budget , Jacob J. Lew, after confirming the resignation of Bill Daley, who has highlighted his worth in the work done during the last 12 months. “Without any doubt I’m going to miss you so much in my presence in the White House,” the president said.

Jacob J. Lew also has experience in the Department of State, on Wall Street and in Congress. “Jack has had one of the most difficult jobs in Washington,” stressed Obama, who has applauded the “invaluable” economic advice of a person he considers “complete confidence.”

Bill told me he wanted to spend more time with his family Daley resigned last week, according to a government source consulted by The New York Times , after having consulted his decision with his wife during the Christmas holidays and having arrived at the conclusion that his stage in the Administration had ended.

“It’s been a pretty frantic year,” said the source, who has stressed that Daley, who was the second chief of Obama’s cabinet after Rahm Emanuel, felt that it was the “propitious” moment to leave office.

Obama has admitted that it is not “easy to hear news” and that he asked Daley to reconsider his decision , which is to return to his hometown, Chicago, for which the president was indeed a senator. “Bill told me he wanted to spend more time with his family, especially with his grandchildren, and that he felt it was the right decision,” Obama explained in a media appearance without questions.

The president has not clarified when the departure of Daley will be effective, although two sources of the Administration consulted by CNN suggest that he will remain in office during the month of January, which includes among other events the speech on the State of the Union .

The head of the Cabinet has been “intimately involved” in each of the major decisions that have been adopted in the last year in the White House, since the end of the war in Iraq and support for the Libyan people until the presentation of the plan of Obama’s job, going through the approval of free trade agreements with South Korea, Panama and Colombia, said the president. Despite this, he expressed his “absolute confidence” in the new chief of staff, Jack Lew , who in his current position has helped to “straighten the economy.”

As he recalled, the director of the Office of Management and Budget (OMB) was commissioned in the first years of his Administration to manage the funds of the State Department as ‘number two’ of Secretary Hillary Clinton. During the Clinton administration he was also the director of the OMB, at the head of which he presented three budget years in a row.

One year in office

One year in office

The news of the departure of Daley, 63 years old and entrepreneur by profession, has fallen like a bomb in the political circles of Washington, at the beginning of an election year. The head of the Cabinet – the position most similar to that of prime minister in the US administration – has only spent a year in this position, after Obama announced his appointment on January 6 last year to replace Rahm Emanuel, current mayor of Chicago He was then appointed to restore good relations between the White House and the business community after a series of frictions in the first two years of the Administration, but those relations continued in a state of coldness.

After the first months, the first criticisms of his administration began to emerge in a year of intense confrontations with Congress over issues such as the increase in the debt ceiling that led the presidential popularity indexes to the lowest moments of his term.

Daley had hinted last October in an interview without the White House plan that his departure was planned , although he made it clear that he planned to stay until after the presidential elections in November.

  • Barack Obama and William Daley

    Stock Image taken January 6, 2011 of the President of the United States, Barack Obama, and the former Chief of Staff of the White House, William Daley. (Shawn Thew / EFE)

    “> Barack Obama and William Daley


Torremolinos City Council holds a plenary session on the possible uses of the Plaza Picasso building



The situation of the courts of Torremolinos (Malaga) and the possible uses of the municipal building located in the Picasso square have focused on Thursday the debate of the extraordinary plenary session held at the City Council.

In the session, the government team reported that it is working hard to “solve the problem of the so-called museum that the PP has left us and that is costing us 513,000 euros a year just in loans”, said his spokesman, Maribel Stump.

He pointed out that “the government team is studying various ways to rent it, so we are in contact with numerous administrations”, lamenting that in recent weeks “we have seen how the PP is trying to make public believe that we give away the building to the Board, when what we are really trying to do is to solve the problem they have left us and to be able to pay for the enormous expense involved. “

He referred to the former mayor of the PP, Pedro Fernandez Montes, which he said “has led to bankruptcy, and once again acted at will, and to do his great work, signed private contracts paid with money public, as it happened with the hiring of the alleged museum project, amounting to 35,000 euros and that according to the document that appeared in the municipal offices, it is a private contract between Fernández Montes and an archaeologist “.

Thus, he indicated “have been conversations with different public administrations, including the University of Malaga, the Tax Agency, the Ministry of Justice and private universities, to try that any of them could put in value the municipal building”, Tocón has indicated.

But, it has affected, “always with the corresponding economic compensation in the form of rent or canon, so that in addition it helps us to pay that mortgage of half a million euros a year that we are paying for the work and that we have until 2024”.

Of all these administrations, the reality is that to date, “only the administration of Justice has been interested in studying the feasibility and the cost of what they would have to pay the City Council to rent that space”. But today, “there is no proposal and therefore has not been able to make an economic assessment of the fee they would have to pay,” he said.

“We are still looking for an exit to the building, if tomorrow the Minister of Tourism comes and plans to rent the building to house the National Museum of Contemporary Tourism, it will be given the same attention,” Tocón insisted. From the government team has moved to the plenary that “there is no formal proposal for any administration, not even the Justice for the building and in no case is going to give a single square meter of Torremolinos to any administration.”

As reported by the City Council in a statement, the plenary has been approved unanimously, with the absence of the PP – which had requested the extraordinary plenary -, “urge the Junta de Andalucía to present the project of the Courts of Torremolinos , as well as the improvement and refurbishment of the different judicial offices and the Civil Registry that present serious problems “.

From the PP have indicated in a statement that they would not attend the plenary “until its content is adjusted to the real exercise of political transparency that we claim.”

They explained that formally requested the holding of an extraordinary plenary to discuss and vote “on the option put forward by the government team to deliver to the Junta de Andalucía the Museum building to be allocated to the seat of the courts, an approach that has found a strong rejection among the residents of Torremolinos “; but, above all, “to debate and vote on the future development of the museum project”.

“Like a majority of the people, the councilors of this group consider that this assignment only seeks to disguise the flagrant breach of the Junta with Torremolinos and its judicial headquarters”, seeking that “each group be positioned,” they said, pointing out that with this exercise “without a doubt, the delivery and servitude of the socialist ediles to the Government of its same formation in the Junta would be clear, without contemplating in the least the interests of Torremolinos”.

They have considered that “it is clear that our people do not have to renounce any of the two projects and must have both”, pointing out that “for the Museum we already have the ideal building, while for the courts we must demand the construction of an appropriate venue and modern to whom by law he has to pay them for being his competence, which is the Junta de Andalucía “.

But, they have criticized “the decision of the mayor to change the agenda to avoid the debate about the future of the museum, excluding his discussion of the plenary session and thus perverting the reason for the convocation of this extraordinary session”.

“The councilors of the PP municipal group showed our deepest rejection of this situation and, far from simply conforming, we will go to court immediately to safeguard the guarantees of democratic functioning of the institutions, in this case the City Council of Torremolinos” , have stated.


In the plenary session, the councilor of CSSP Josefina Serdio recalled that his municipal group “has denounced the irregularities in the construction of the building before the Prosecutor’s Office and has said that the PP has encouraged a false debate.” “Both the courts and cultural policy are necessary, Torremolinos not only needs a museum, it needs a well-thought-out cultural project that is effective, enduring,

transformer, that starts from what we have and generates conditions for local creation, “he said.

transformer, that starts from what we have and generates conditions for local creation, "he said.

The mayor of Citizens Antonio Linde has defended the “singularity of the contemporary history of Torremolinos and has encouraged the government team that if finally rented to another institution to solve the situation, that when possible its museum use is returned”.

The spokesman of IU, David Tejero, has ensured that the history of this building is the “story of the grotesque, and has endeavored to create a dilemma, the museum-court, which does not exist, because to begin with it has never been a museum since the funds did not exist “.

Finally, the mayor of Torremolinos, José Ortiz, wanted to close assuring that his government team “will always defend the great heritage that the municipality has, which will soon be seen with the recovery of the surroundings of the Torre Pimentel or Torre de los Molinos, the María Barrabino house or the Cuesta del Bajondillo “.

From the City have indicated that during the debate has reported that currently the Consistory is returning the loan granted by the Ministry of Tourism for its construction and in total amounts to five million euros, with a fee of 513,000 euros per year until 2024 ; besides that it would take another two million to finish the building.

Tocon has indicated that “Torremolinos deserves a museum and will certainly have it, and the PSOE will be the first to promote this cultural initiative, but yes, provided it is a museum project in accordance with the identity of our municipality.”