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Editorial: El Mundo

  • The cancellation of the additional tax on the energy companies represents a setback to the Government, signaling a growing fragility of the investiture block and the emergence of a majority alternative centered on the PP.
  • The support from Junts and PNV for the PP's amendment, adding up to 183 votes, means that the imposition on the energy companies will not be extended, leading to a deficit of 1.5 billion euros in tax revenues.
  • Legislators aim to move forward with this through a law decree that raises legal doubts and is not valid by opposition.
  • The Congress Plenary moved forward with a PP's amendment to apply deductions and tax exemptions for aids to those affected by DANA, and another two from Junts that establish the reduction of the VAT on fermented dairy products and the 100% bonus of the fees for coaches and non-professional athletes.

Conclusion: Internal and parliamentary conflicts, along with legal and financial weakening, highlight the legal insecurity, fiscal populism, and investor distrust which is further exacerbating the blockage of the legislature.