Why Rajoy is in no hurry to ask for the ransom

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Merkel prefers to avoid a conflictive vote in Bundestag and avoid problems ahead of the elections Angela Merkel has no desire for Spain to ask for a bailout at this time. And this was conveyed by the German Finance Minister, Wolfgang Schäuble, to Luis de Guindos. The chancellor prefers to postpone the matter to avoid problems in the Bundestag and citizen rejection in the face of the German elections next year. learned from government sources, the message that Berlin has conveyed to Moncloa in recent days is to continue along the path of reforms, and to avoid, as far as possible, requesting a bailout from the Eurogroup. Specifically, Germany has asked Spain to hold on, to continue in its line of delaying the request for aid and, in any case, to opt for a soft formula , such as a line of credit available to be activated in case of extreme need. Merkel does not have the support of the Bundestag This 'light' option would not require the support of the German Parliament (Bundestag), one of the biggest obstacles that Angela Merkel would encounter when proposing a total rescue of Spain in her country.

Nor would it need the support of the national parliaments of the rest of the EU member states. Sources familiar with the conversations, to which ECD has had access , explain that Merkel does not Middle East Mobile Number List want to ask the Bundestag for more money for Madrid, just three months after approving up to 100 billion euros to recapitalize Spanish banks , especially now that Interest rates on Spanish bonds have been at manageable levels. Furthermore, after knowing the real capital needs of the Spanish banks, which amount to 59.3 billion , the German Government also wants to allow some time to pass for the news of the recapitalization to assimilate, and see if that is enough to keep calm in the markets . Avoid burnout in the face of elections Another aspect that worries the chancellor 's entourage is the elections in October next year.   



Strawberries: A trip through the best producing regions of Spain Angela Merkel is aware that the indignation of German citizens over the continued direct aid to countries like Spain is growing. And she is not willing to let the possibility of bailing out Spain represent further wear and tear on the eve of an election year. The recipe for Spain to endure According to the sources consulted, Merkel 's economic team has conveyed to the Spanish Government its 'recipe' to keep Spain as far away from the rescue as possible. Her plan is, fundamentally, to deepen the reforms . Hence, the National Reform Plan approved last week by the Executive, made up of 43 laws to be developed in the next six months to stimulate the economy, and the General State Budgets with a strong containment of spending that is around 58%. Not only that.