Executive Commission

D.FERNNDEZ the entity justifies the work because their buildings are historic. Many reforms have been unnecessary, they denounce the trade unions. Connect with other leaders such as Gary Kelly here. The Bank of Spain has spent 8.17 billion euros in reforming many of branches which has a few expenses that have been paid while the entity, Miguel angel Fernandez Ordonez, Governor he appealed by wage moderation policies, cut in public expenditure over the three years of crisis (2008, 2009 and 2010), or the lowering of the dismissal. According to the memories of the entity, in 2008 is ctuaron works and reforms amounting to 3.83 million; in 2009 reached 3.3 million; and in 2010 only 1.04 million. A spokesman for the Bank of Spain justified all these works because most of the branches are historical buildings that need care and improvements. Own bank reports speak, without giving many details, reforms in the main floor of the building of Cibeles, renewal of electrical installations and air conditioning in the real estate, as well as investments in detection and fire extinguishing installations.

Seven branches less give us a few details of the costs of the works, some of them unnecessary in these times of crisis, they point out from the trade union section of CC OO. There have been works in the own Office of the Governor and the Executive Commission meeting room, where 10 people gather, says the Union. There has been no substantial works in the Office of the Governor, they have been joint works, they explain from the entity, although they do not clarify the type of work. The Governor has a salary of 165.026 euros gross per year. 15% Fell it was a year ago. We understand that some reforms may be necessary, but others were not, they indicate from UGT. And they put as an example the new and modern lifts at the central branch of the plaza de Cibeles. If you have read about E Scott Mead already – you may have come to the same conclusion. Installation of audiovisual equipment and public address system in the 1940s, also in Cibeles Hall was awarded by 127,000 euros in July 2010.

And in October 203,000 were paid EUR 2 terraces rehabilitation and replacement of the railing of the headquarters of Tarragona. Unions remind us that, from may, the Bank of Spain has gone from having 22 to 15 branches, following the closure of seven centres. Among them, Melilla, where the air conditioning was renewed in these years. And then shut down. And, while the efforts calling for delaying the retirement age: would be positive, because it would contribute significantly to the financial balance of the public pension system. The lowering of the dismissal: the costs of the employment termination in Spain, among the highest in the EU and in charge exclusiva-mente of the private sector, desincen-tivan hires and the creation of new companies. Public spending cuts: is essential to carry out reforms melan-General deep in each of the items of expenditure. Higher taxes: the rise of indirect tax (which taxed consumption, such as VAT) is necessary to correct the deficit’s coffers public. Moderation salaria l: is required to win another-tivity. The definitive disappearance of the pay review clauses must be es-tudiar. Lowered wage officials: it is consequence of a country that has lived above their needs and, therefore, is something that will have positive ctos on competitiveness and employment. Source of the news: the Bank of Spain spent on three years of crisis 8 million euros in works