“Our idea is trying to help governments, and that’s often forgotten by people. It’s not binding.”In his speech at the 11th edition of the 11th ‘Energy Prospects’ conference organized by IESE and the Naturgy Foundation, Guindos reminded that he also pointed to the polarization of public opinion in Spain.
In this sense, the former Spanish Minister of Economy underlined: this is something the ECB has done in the past with other eurozone countries in the past. They planned to introduce banking taxes.
Thus, the ECB vice-president announced that the process of producing its own opinion The ECB has incorporated a panel of representatives from many different fields.taking into account previously published opinions and specific aspects of the case, in addition to the cooperation of the national central bank, including the economy, monetary policy, supervision or financial stability.
“Fiscal policy is not our business but it has potential consequences on banks’ solvency, loan growth and financing conditions”, added.
In any case, stressed the introduction and design of the tax “will be a democratic decision”, So the angle of the ECB “to help” is taken by the Spanish Parliament. Because it is not binding, they may or may not follow it,” he said.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.