Luis de Guindos
Last quote by Luis de Guindos
Luis de Guindos quotes
Evictions will be suspended for a period of two years in the following circumstances. One, if we are dealing with large families in agreement with the legal definition of large families. Secondly, one-parent families with two children. Thirdly, a family with a child younger than 3 years old. Fourthly, a family where one member has more than 33 percent disability.
Spain will do what has to be done, without haste, knowing what we know about this sort of operation.
Our common strategy for the stability of the euro area includes the adoption, by the end of this year, of a single supervisory mechanism for banks of the euro area, involving the ECB.
If the finances are seen as unsustainable, the recession will be a lot worse than we have at the moment.
We will make additional efforts so that we can guarantee fulfilling the deficit reduction objectives and we will have to look at which parts of the different areas of the administration need to make an additional effort.
We believe this data will be extremely important in terms of knowing what the real situation is and eliminating the uncertainties that exist over Spain's banking sector. From there, we can see what the whole process of financial assistance could be for the Spanish banks.
Theoretically the European Safety Mechanism will become active in the next few days. In some ways it is the ideal solution, from the point of view of the capital injections into the banks, which is what Spain is now trying.
The government is obviously aware of the situation but it also wants to send a message of calm, under these circumstances. A message which we know all of our partners in the monetary union support.
Of course it (this aid) is subject to a restructuring plan, there are financial conditions, what there are not are any kind of macroeconomic conditions. There are no conditions for fiscal or economic reforms outside the sphere of the financial sector.
The ambitious reform programme put in place by the Spanish government has received the support of our European colleagues and we are convinced that these reforms, together with the fiscal adjustment which is taking place, are establishing the basis for economic recovery and job creation.
I have absolutely not discussed any intervention in Spain's banks today. Of course what we are saying is that with more European integration we would undoubtedly get out of this difficult situation, this crisis. That's our message today.
The battle of the euro is being fought right now in Spain and Italy.
We need to correct decisions which favoured Germany… Germany has to assume its part.
Bolivia has assured the Spanish company it will get compensation for the money it has invested in the power network. The Spanish government will watch that closely, to make sure a fair price is paid.
We believe it's fundamental to maintain legal security when investing in countries like Bolivia.