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Economy in Barcelona and Madrid with Podemos in the City Halls

[Translation from José Apezarena Blog]

Barcelona

May 28, 2015 | 1:00 a.m.

The two major Spanish cities, Madrid and Barcelona, are facing a similar situation from the political point of view: the possibility of being governed by a leftist party.

Not only by a left-wing party, but even a more radical left which could represent the PSOE (Partido Socialista Obrero Español: the labor and socialist Spanish party), and therefore with objectives and proposals that go beyond the socialist approaches.

That possibility intensely concerns the business world of Madrid and Catalonia, which, as is said in these pages, has begun to move.

Economic proposals of Carmena for the first hundred days of municipal government were, among others: auditing the public debt and approving the cancellation of debts, recovering for the council cleaning services, paralyzing major urban operations, raising taxes on large corporations, etc; in addition to a strong rise of the IBI (property tax) and increasing the taxes on banks.

This is not purely a local problem, not even a problem for the two very important cities. But national interest is involved.

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