C.Valenciana has paid 2 billion in interest on loans from the Government

València, Jan 31 (EFE) .- The Minister of Finance, Vicent Soler, has assured today that Valencians have had to pay almost 2,000 million euros in interest since 2012, 395 euros for each citizen, for some loans granted by the Government to the autonomous communities “instead of the fair financing that corresponds to them”.

Soler has claimed to the central government “concrete facts and not empty words as before” to tackle once and for all the reform of the regional financing system “expired since January 1, 2014, and that condemns the Valencians to be the worst financed from Spain “, according to a statement from the Generalitat.

“It is outrageous and very difficult to fit someone to come up with another curtain of smoke to look good and to say to the Valencians that we can stand, when they have just failed to fulfill a promise of President Rajoy, who assured that before the end of 2017 there would be new financing agreed, “lamented Soler, referring to the intervention of the Vice President of the Government, Soraya Sáenz de Santamaría, at the Europa Forum.

In his opinion, the “inaction of the Government” costs every day to the Valencian 3.6 million euros in underfunding compared to the average of the autonomies, “which is what it is worth to build a school and a money with which the Valencian they could enjoy better services and more opportunities. “

He recalled how the Government “delayed for several months the implementation of the Technical Commission for the reform of the model and is now meeting but without progress or specifics.

He has also criticized the “insult to the intelligence of Valencians”

He has also criticized the "insult to the intelligence of Valencians"

that the Government intends to do “when it presents as an additional financing the supposed savings in interest on some government loans that the Government grants to the communities and, particularly, to the Valencian, in place of fair financing that corresponds, because it does not solve the underlying problem “.

“It does not make sense for the government to give us the financing as loans that we will have to repay, and above with interest, while at other communities it gives them money that they do not have to repay and without paying interest, since the central executive, to the bad calls compilers of the ceiling of deficit, that are it because they have more resources, gives the FLA to him to zero interest “, has criticized Soler.

He warned that today the Generalitat has disbursed to the Central Administration 106 million euros in interest for the state loans it receives to cover the underfunding, specifically the FLA 2015 and 2016 and the Social Fund.

Overall, and since 2012, the loans granted by the Government to replace the financing that other communities receive have meant that Valencians have had to pay a total of 1,951.1 million in interest since 2012, taking into account In addition, they are loans that must be repaid “.

Of the total, 1,633.3 million interests correspond to the liquidity mechanisms -FLA, Payment Plan to Suppliers and Social Fund- and another 317.8 are for the ICO-CC AA lines in 2012.

In addition, until the end of the period of these loans from the State, the Community will have to pay a total of 3,223.2 million euros, “which is, for example, three times the budget of Equality and Inclusive Policies”.

“The situation of the Valencian Community is a triple scam

not only is there no forgiveness, but we are being given loans instead of financing, some credits that we will have to pay back when other communities receive that money by right and they should not return it; and to top it off, we have to pay interest, with a rate of 0.83%, which is what it costs the Treasury, “he said- click here.

According to Soler, “we would not have to pay neither principal nor interest if we had the same resources as the average.” The government does not solve the underlying problem, the underfunding of all the autonomies, which leads to some, such as the Valencian, being living off loans, and they cost us interest. “

The almost 2,000 million in financing costs paid to date means that each Valencian has had to “pay” 395 euros so that each average family of four members has assumed 1,580 euros.

He recalled that the report of experts at the national level made public in July last figure in 16,000 million euros the insufficient resources suffered by the communities in the last year liquidated, which was 2015.

CDU election program 2017: more child support, more jobs and less solos

CDU election program 2017: more child support, more jobs and less solos


finanzen.de News always well informed


Monday, the 03.07.17, written by Juliane Wellisch

The CDU / CSU today presented the 2017 election program for the next legislative period. While Angela Merkel adheres to the current pension concept until 2030, she expresses, among other things, plans to achieve full employment in Germany by 2025. In addition, the child allowance and the child benefit will be increased and families will be supported more in house building.



CDU Wahlprogramm: Vollbeschäftigung, Geld für Kinder und weniger Soli
CDU election program 2017: Families with children should be bettered

Angela Merkel (CDU) and Horst Seehofer (CSU) today presented the joint election program of the Union in Berlin. In addition to comprehensive infrastructure measures, the promotion of digitization and a law on the migration of skilled workers, the electoral program includes a halving of the current unemployment rate until 2025, among other things. Also, improvements in the child allowance and child benefit as well as the introduction of a Baukindergeldes are planned. In addition, the solidarity surcharge should be abolished .

CDU election program 2017: full employment until 2025

Currently around 2.5 million people are unemployed, which corresponds to an unemployment rate of 5.5 percent. In eight years, the Union wants to halve this, which would mean a full employment in Germany . In the face of demographic change, this is important for social security systems. To this end, younger long-term unemployed people should be better integrated into the labor market and women should be supported more in their working lives. In addition, the CDU and CSU are planning to introduce a skilled labor immigration law in the next legislative period .

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More money for families: child benefit, child allowance and building allowance

The promotion of families takes a central point in the CDU / CSU election program. On the one hand, it is planned to raise the child allowance to the level of the basic allowance for adults . On the other hand, the child benefit should rise by 25 euros in the first step . Families, who build a property, also have the prospect of a so-called Baukindergeld in the amount of 1,200 euros per year for a maximum of ten years. Anyone who buys a house or an apartment for the first time should also be pleased about the one-time abolition of the land transfer tax .

But the Federal Chancellor also has good news for tenants. The election program involves the construction of 1.5 million dwellings over the next four years, particularly in metropolitan areas. This should relieve the housing market and slow down the rise in rents.

Union: solidarity surcharge should go away – but not immediately complete

It was already clear in advance that the Union would like to abolish the solidarity surcharge. Chancellor Merkel has now called more precise numbers. In the long term, the solos should completely disappear. In the next legislative period, however, a reduction of four billion euros is planned . Merkel explains that it is not possible to predict the economic situation of the coming years and decades. Therefore, with a budget of € 18 billion, the Union can not plan beyond the next legislative period and therefore limits itself to the next four years.

Electoral program of the CDU and CSU: Nothing new in the pension

In contrast to the SPD, the Union does not plan any changes to the pension concept in its election program. This is viable and generation-appropriate, so Merkel. However, in the next legislative period, a pension commission will check whether the previous regulations, such as the level of pensions until 2030, are appropriate. If necessary, then you can possibly make changes in terms of occupational and private pension plans.

Who benefits from the CDU election program 2017?

The election program of the CDU and CSU promises, among other things, considerable relief for families . Increased child benefits, support for home ownership and a larger child allowance would benefit millions in Germany. The reduction of the solidarity surcharge should also lead to more money for employees.

In addition, the Union is planning further tax breaks for low and middle income . The top tax rate should therefore only reach for singles with an income of 60,000 euros and not already at 54,000 euros. At the same time, the wealth tax of 45 percent is already due from 232,000 euros and not at 250,731 euros. The SPD election program provides for similar changes. The Social Democrats, however, go even further in their taxation concept. For example, she wants to raise the wealth tax to 48 percent .

De Guindos asks the ECB to buy Spanish debt in a “strong and unlimited” way

De Guindos asks the ECB to buy Spanish debt in a “strong and unlimited” way

  • The Minister of Economy and Competitiveness considers that setting limits would make effective an aid that aims to dispel doubts about the euro zone.
  • The counterparts that will have the aid to Spain will be defined in the meetings of the Eurogroup and Ecofin in the second week of September.
  • He understands that they are “doing their homework” both in the fiscal area and in the structural reforms, and “this is recognized by Brussels and the IMF”.
Luis de Guindos

The Minister of Economy and Competitiveness, Luis de Guindos. EFE

The Minister of Economy and Competitiveness, Luis de Guindos , has said that the intervention of the European Central Bank ( ECB ) in the markets to alleviate the pressures on the Spanish debt must be forceful and not have beforehand a limit of neither amount nor duration.

The minister has indicated that to this type of interventions “you can not limit them or you can not specify at least the amount with which you are going to intervene or for how long” so as not to diminish the effectiveness of an aid that aims to dissipate doubts about the euro area.

Counterparts for the aid

Regarding the counterparts that European aid to Spain will have, De Guindos explained that they will foreseeably be defined at the meetings of the Eurogroup and Ecofin (finance ministers of the euro and EU countries) that will take place in the second week of September . By then the ECB’s governing council will have already explained how it intends to execute the debt purchase program in the secondary market, which the Spanish government will analyze before making a final decision in this regard.


Buy short-term bonds without exercising their role as preferred creditor

What De Guindos assumes is that the ECB will act in the secondary market (where investors exchange the debt already issued) buying short-term bonds and without exercising its role of preferred creditor, which would scare away the rest of investors and raise the risk premium.

The ECB interventions “should not specify neither amount nor time horizon and, as the ECB has indicated, should take into account the problems generated by the character of preferred creditor”.

Positive scenario for Spain

In his opinion, the attitude of the ECB has opened “a very positive scenario” for the Spanish Government, since the entity has recognized that the pressure of the markets on the Spanish debt responds largely to something that goes ” beyond the domestic policy “and has considered it appropriate to intervene to correct it.

The different types show doubts about the future of the euro “It did not make sense that some countries paid negative interest rates and that others paid much higher rates , which shows a malfunction of the institutions of the euro area” , he has affirmed.

“The different types raise doubts about the future of the euro and difficulties for the transmission of monetary policy impulses”, added De Guindos.

The minister has not been worried about the possible conditions that the European institutions can put to what the experts have baptized as ” soft rescue “, since he understands that Spain is “doing its homework” both in the fiscal area and in the structural reforms and this is being recognized by the International Monetary Fund (IMF) and Brussels.

“In some way they are already very defined (the conditions). I believe that Spain has presented its budgetary adjustment program and its structural reforms, which from a generic point of view are accepted as sufficient and adequate,” the minister explained. budget advance for 2013 and 2014 that foresees a fiscal adjustment of almost 90,000 million in those two years.

Commitment to reduce the deficit

He insisted that Spain’s commitment to reducing the deficit to 3% of GDP in 2014 is unequivocal, which is why they have been adopting or planning to implement the recommendations proposed by Brussels, such as the increase in VAT or the increase in the effective age of retirement.

The ability to generate growth that sustains the public debt and finances is worrisome The Government’s intention, he recalled, is to negotiate with the political parties and social agents measures that will bring the effective retirement age closer to 65, after the previous one Executive will raise the legal age to 67, which will be fully in force since 2027.

In his opinion, what worries the markets of the situation in Spain is not so much the short-term budgetary policy as the capacity of the economy to generate the future growth necessary to sustain the State’s finances and the public debt.

In this sense, he has been convinced that Spain is a “clearly solvent” country because the economy is competitive, as reflected by the fact that exports are growing at a rate of 3.4% until June and there is a trade surplus with economies as strong as France and Italy.

Look closely at credit intermediaries



Leipzig – Unpaid bills and a covered account – in such a situation, many consumers rely on a new loan. However, they should be picky, advises Andrea Heyer of the consumer center Saxony in Leipzig. “The first contact should be the classic bank.” If you are rejected there, you should check what it is. Mostly the reason is that you are heavily in debt. “Then you should not take any further credit anyway, but go to a recognized debt counseling.”


Picture: Money 

But again and again, so-called credit intermediaries use this plight. They attract loan seekers with cheap offers. However, these only exist at first glance. “There are only rarely lending commitments, and most of the time, the providers only want to earn money from the credit seekers,” warns Heyer. Therefore, she advises caution among commercial credit intermediaries in general.

“In principle, a credit intermediary is dubious when I have to pay in advance with services,” explains Heyer. Many ask for a processing fee or send useless documents by cash on delivery. “It is also problematic if I am to conclude other contracts at the same time.” For some credit intermediaries must first conclude a home savings or insurance before they get a loan.

Lure: no credit check

Credit intermediaries often promise their customers that they will get money without their credit rating being checked. “This is a lure that is often dubious and also not true,” says Heyer. No reputable provider will lend money to a loan seeker without first obtaining a Schufa statement. “The offer is usually also dubious when supposedly only foreign banks are willing to finance and thus incur additional costs.”

If you still land at a credit intermediary, you should pay close attention to the contract. “A credit intermediary must give the consumer the amount of their compensation before concluding the loan agreement, and if he fails to do so, the contract is void,” the consumer advocate said. The loan agreement itself must then include the net loan amount, the total amount, the borrowing rate, the APR, the contract term, the installment amount, the amount and the maturity of each installment.

Smava & Co: Credit platforms on the Internet

In addition to banks and commercial intermediaries, more and more private individuals are lending money to other private individuals via loan platforms on the Internet. Interposed but is also a bank, so usually a bank. “There are offers that you can consider, and you should at least turn to these platforms rather than commercial credit intermediaries,” Heyer recommends.

In Germany, two reputable credit platforms are known: Smava and Auxmoney. Loan seekers have to describe themselves and their project, for which they need money. Lenders then decide if they are convinced of the project and lend money. But even there a Schufa information is obtained. “Nevertheless, it can be interesting for consumers with negative Schufa as an option to repay expensive loans from banks,” says Niels Nauhauser of the consumer center Baden-Württemberg.

At Smava, for example, the credit seekers are divided into different classes depending on their credit rating: A is particularly good, H much worse. Investors who lend money to people of the same credit rating are pooled. As soon as enough investors have been found for a project, the money will be transferred to the loan seeker.

This simple model is becoming more and more popular. According to a study by the German Institute for Economic Research (DIW), borrowers on platforms differ only slightly from those of the traditional credit market. Accordingly, Internet borrowers are only marginally younger than traditional borrowers. On average, the credit applicants in the years 2007 to 2011 were 44 years old. The traditional borrowers were 46 years old.

Lending as a form of investment

For investors, lending on the internet can be worthwhile. The return may be greater than the return on deposit-backed products. However, they should evaluate the investment form according to usual criteria, recommends Niels Nauhauser, financial expert of the consumer center Baden-Wuerttemberg. To limit risk, they should pay attention to two things: First, they should only select credit portals where the risk of default is shared across multiple investors. Second, the loan amount should be limited to a small part of the assets.



Airport: the loan department at nothing to prevent the takeover CASIL Europe

Georges Meric was firm on its intentions regarding the airport of Toulouse-Blagnac in his greeting to the press 2018. (Credits: Pierrick Merlet) On the occasion of his vows to the press, George Meric, president of the Haute-Garonne, reiterated its position on the Toulouse airport folder. He is ready to acquire the state shares with the support of other local shareholders so that infrastructure keeps a public majority shareholding. The elected official has also expressed its willingness to reach an agreement with Toulouse Métropole on road investments, after criticism of Jean-Luc Moudenc.

The Chairman of the Department of Haute-Garonne, George Meric, has always kept the same position on the subject: the Toulouse-Blagnac Airport should keep a public majority shareholding. Only a deadline could change that soon.

As of April 18, the State will have six months (renewable once, ed) to decide if it implements the option to sell to Europe CASIL it’s 10.01% of the remaining shares. With 60%, the consortium of Chinese shareholders would then become a majority on the airport capital that wants to avoid at all costs the local shareholders (ICC Region, Metropolis) currently holding the remaining 40%.

“The state may sell the shares for a year. It may propose to the Chinese on the basis of a previous agreement. But there are not that previous agreements, there is also political strength and popular force which are perhaps the state will not sell its shares over that period. After this deadline, everything is open … We can create a balance of power that asks the state to be careful on this auction. I think a large part of the population does not want this airport to be privatized to 60% “, wanted to warn George Meric in his greetings to the press Wednesday, January 17.

Thus, the elected county counts on the support of all communities, but especially on the support of the High Garonne to prevent possible CASIL Europe takeover before April 2019. After this date, the Department is considering several scenarios.

“There are two possibilities at the end of twelve months, either the state keeps its share and that’s the best, he is desperate to be one seller and is positioned to redeem We talk about 60 million. approximately € 60 million euros worth money too. this is not a financial frenzy, instead, it holds up. We have studied well. If the private wills are that it is playable, “concludes the departmental chairman.

Georges Meric meets Jean-Luc Moudenc on road investments in the metropolitan territory

A few days earlier, the President of Toulouse Métropole Jean-Luc Moudenc during his vows to the press Thursday, January 11, criticized the management of which has been in the past 500 kilometers in metropolitan county roads lap past year earlier. Of which about Georges Meric did not fail to respond.

“I want to dismiss the idea that the Department has underestimated the work he had to do in previous years on the road and did not what was needed in our agreement of December 2015. C is totally wrong, this is not the reality of the case. ”

During the transfer of skills, the law required the Department to pay 10 million euros per year in Toulouse Metropole. According to the county institution, it even would pay 12.5 million euros per year. Despite this effort, Georges Meric is ready to negotiate to reach an agreement with Jean-Luc Moudenc on road investment.

“Today, we are able to invest on metropolitan roads although they are more departmental now I take one example: The bridge of Saint-Jory is necessary and is in the territory of. metropolis. But the Department will participate in the investment. the bridge of Gagnac-sure-Garonne it was repaired it was 10 years to do it again, must be closed and to close it, we must first build a bridge of Saint-Jory. If you close the bridge Gagnac while that of Saint-Jory does not exist, northern Toulouse is so congested that you will circulate no more, “said one who is the head of Department for April 2015.

In his greeting to the press, George Meric said he made a proposal of negotiations to find a general agreement on road investment with Toulouse Métropole.