Carlos Herrera, director and presenter of ‘Herrera en COPE’, begins this Thursday’s program by analyzing the main keys of the day, which go through, among other issues, “economics”, which covers “a great package with many aspects”. :”The European Central Bank, for pensions and a bit also for the social bonus to help large families“
“There is concern about what the European Central Bank is going to do, whether to raise rates or, in view of the current banking storm, not to do so. But above all there is uncertainty about what will happen in the stock markets after yesterday a strong bank, a Swiss bank, set off a firecracker: Credit Suisse. The Swiss Central Bank had to intervene. Another bank whose shins trembled was French, the Société Générale, and some Italian banks. Here in Spain, the Ibex and other banks have had, let’s say, a digestion that could possibly be improved,” says Carlos Herrera.
Credit Suisse, a bank with a chain crisis that fails to redirect its rhythm https://t.co/mJJ3Jro64o
— COPE (@COPE) March 15, 2023
Focusing on what happened with Credit Suisse, he stresses that “there is a determining factor.” “The investor here, that one of the main ones that puts money in is the Saudis, has said that the ones who own property, the shareholders of that bank, sell and the bank loses a lot.” He also remarks that “in Spanish it should not affect because, in Spain, the big banks have investment banking, but not so marked”.
The simile and the dilemma
“Here is a simile that we have worked on tonight in the newsroom that is a dilemma very similar to buying a very expensive and very warm fur coat before leaving home and the weather has taken a turn and it is hot in Seville in August Then you say: well, instead of buying my coat, maybe I’ll buy a swimsuit”, reflects Carlos Herrera.
The European Central Bank “has a similar dilemma”, but with interest rates: “instead of raising rates another half a point to put the price at 3.5, listen, we will not leave it as it is and we will not stress credits anymore “. The communicator also talks to you if “you’re an ordinary Spaniard with a variable mortgage, keep thinking that if things don’t end in a total earthquake, a little bit of concern so that the ECB doesn’t raise rates any more and the Euribor goes down wouldn’t hurt either” .
Pensions and Vox
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Moving on to the “Council of Ministers”, this Thursday it is expected to approve “the controversial pension reform”. “The government clings to the crutch: we have guaranteed pensions in the medium term,” reflects Carlos Herrera before explaining that “the medium term means that if you are now 40 years old and have 30 left to retire or a little less with a salary of €1,600 in advance finances pensions of €2,000 and what comes behind is people who earn €1,000 and less and less”. “Something else will have to come here,” he says.
The last “unknown of the day” goes through the motion of Tamames and Vox”. “Santiago Abascal and Tamames hold a press conference to give details of this motion”, highlights Carlos Herrera before reflecting that “Tamames’s house looks like a plate of television”: “there are directly more people than in the war; One journalist leaves, another enters”.
“Knowing already what would presumably be the draft of Tamames’s speech, it is not bad at all, it is not bad at all,” he states before reviewing: “He calls for immediate elections, criticizes the idealized version of the Second Republic, the Historical Memory Law , proposes to change the electoral law, defend Spanish…”. “It’s a depth-charged speech, but who knows if that’s the real draft,” he concludes.