Editorial: El País

• The Council of Fiscal and Financial Policy has approved a partial debt forgiveness of the autonomous communities, amounting to €83,252 million, which will relieve 26% of their debt.
• This decision comes from the agreements between PSOE and ERC for Pedro Sánchez's investiture.
• The PP refuses to endorse this action, arguing that it is a whitewashing of Sánchez's pacts with the separatists.
• The most benefited region will be Andalucía, with a reduction of almost half the debt and the largest debt forgiveness per inhabitant.
• It is crucial not to delay further the reform of the financing model, pending since 2014.

Conclusion: Debt forgiveness is a necessary step to improve the financial health of the autonomous communities, but the reform of the financing model remains a pending task. PP leaders who refuse debt forgiveness must justify their reasons to the citizens, especially if they prioritize paying the interest on the debt over more productive expenses.

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