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EU source, calls Rajoy “clumsy” and assures that Spain will be intervened The Reuters agency has once again 'charged' against the Government of Mariano Rajoy. He says of the Spanish president that he has been very "clumsy", and even "terrible". Once again, an unidentified source from Brussels announces serious measures against Spain, ensuring that the country will be intervened. The article, quoting a senior EU official who attended the Brussels European Council last weekend, sends a serious warning to Spain: “President Rajoy will find it difficult to avoid the request for a full-fledged sovereign bailout .” ”. He also states that Spain could need more help for banking than agreed at the EU summit , while stating that "At the very least, Rajoy has been very clumsy , but rather I would say that he has been terrible .
And he bases his thesis on the following assumptions: -- In the coming weeks, Spain needs at least 40,000 million to avoid the collapse of the four nationalized banks (Bankia, Catalunya Caixa, NovaGalicia and Banco de Valencia). -- The conditions of the 100 billion credit line agreed at the European Council at the end of June are being negotiated, but the signing of the 'memorandum of understanding' may be delayed until July 20 , when it was scheduled to take place on the 9th . -- The Middle East Mobile Number List entry into force of the entire aid and bond purchase mechanism by the rescue fund will be delayed for technical and political reasons , with the reluctance of some Governments and Parliaments. The Spanish Government has generated uncertainty The author assures that part of Spain's problem is that the Government, which has insisted that it does not need a bailout for the country, has sent confusing signals about the state of public accounts and the financial system.
As a consequence, he adds, Rajoy has lost most of his credibility with the rest of European leaders and it may not be easy for him to regain trust . And he launches a serious attack on the president: “We will see how long he can resist and continue financing his country at costs close to 7% .”
Government sources consulted by ECD explain that it will not take “long” and will be “ before the summer break ,” although initially the intention was to delay it until September. The former Governor of the Bank of Spain, Miguel Ángel Fernández Ordóñez , and the former Minister of Economy, Elena Salgad will also give explanations in Congress .In addition, Endesa has sufficient provisions to discount the effect of Edesur on its numbers, in the event of the company's closure. Argentina only accounts for 4.7% of the company's Latin American business, which would continue in generation with the Dock Sud and El Chocón hydroelectric plants , in addition to the Costanera thermal plant .
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