The Minister of Economics, Carlos Corps, defended that the banking union at the European level with quite large banks to be competitive, compatible with “Save the financial sector that is diversified, Where there are also national or even smaller organizations on a national scale. “
In an interview with La Vanguardia, collected by Europa Press this Sunday, he defended that the government offers the conditions in the BBVA OPA BANCO Sabadell to protect common interests during the transition to a more competitive European financial sector.
“Let’s not lose some comparative advantages that we have right nowIn particular, in Spain, with banks, with a greater landing with greater proximity ”with clients on a regional and local scale, he said.
They are not going to complicate
He denied that the approved measures were intended to interfere with the operations and trusted that he would intend to comply with all conditions, because it also goes into its own percentage of the bank in order to have this period to limit 3 years and not extend to 5. ”
As for the BBVA ability to appoint new Sabadell directors if the operation is performed, he said that the new ones should “Continue to observe your organization’s interests autonomously and maximize the cost, In this case, Banko Sabadell. “
As for the possibility of moving the headquarters of Sabadella in Bilbao, he recalled that Banko Catalan himself had just returned to Catalonia: “This is what we expect in this sense: continuity in the policy of the bank itself.”
“We are very prudent in relation to the process of the process in which we are. Now we are talking about acquisition, we did not come to talk about the merger, ”he said.
“We follow the letter that already allows us, which our rules allow us,” which is also compatible with the European, assured government conditions.
As for the BBVA to resort to the courts, he defended the government’s ability to establish conditions that protect common interest, “differing from competence”.
For him, these conditions can be interpreted as conditions of flexibility or hardening. ”But these are different goals of competition. “
Trump tariffs
The body also spoke about the possible repressions of the US government against Spain for tariffs: he rejected the mirrors, while the EU was negotiating with them, but assured Spanish companies and manufacturers from all sectors that “Spain and the EU will be there to protect their interests.”
It takes into account that the attitude to negotiations should be reasonable and open to protect commercial relations, which define as the most important in the world, because “There are 4.6 billion euros that cross the Atlantic daily.”
Therefore, he believes that Spain will support the decision in order to be able to advance and even integrate more, but in Europe “there are necessary tools if a fair and balanced agreement has not been achieved to protect their interests.”
His candidacy for the Euro Group
The Minister is aware of the difficulties of his candidacy to preside in the Euro Group (Forum of Ministers of Finance of the Eurozone) Faced with the possible election of the popular Irish Easter DonochouBut look at this possible: “I would not formalize the candidacy if I had not perceived it.”
He believes that the Eurogroup “must play a large role” in which the most flexible and ambitious European political agenda is before the geopolitical scenario, and that Spain wants to maximize this role, accelerate progress in determining the areas for growth, strengthening the state of universal welfare and integration of the Eurozone.
Seville Conference
At the International Development Financing Conference, which will begin in Seville on Monday, Spain will raise a platform for the exchange of experience in the field of debt exchange: “This is the ability of creditorsIn this case, two -way, forgive the debt in exchange for investments. “
“We want to promote the development and long -term growth of these countries,” he said.
