The Minister of Labor and Social Security detailed the scope of the projects, which are ready to be sent to Parliament.
He Minister of Labor and Social Security, Pablo Mieres, explained that the keys to the rescue of the Professional Box and the Bank Cash They will be the contribution of assets, retirees and the State, while he spoke of a “heavy inheritance” when referring to the financial situation of both institutions.
Mieres He anticipated that there will be two different initiatives, which will be presented at the Parliament in the coming days, with the objective of “advancing the convergence process” foreseen in the social security reform.
The minister highlighted that these are two different projects, one for the Professional Box and another for the Bank Cash. “They are two institutions that are in a critical situation, from a financial and patrimonial point of view,” he said at a press conference.
In addition, he spoke of “a heavy inheritance”, referring to the situation of financial and asset crisis of both savings banks and pointed out that the solution includes “advancing the convergence process” foreseen in the social security reform, which will take about 20 years.
“In the case of these funds, we accelerate the convergence process so that in this process there is a contribution of assets, retirees and the State to be able to move forward,” the leader assessed about the stabilization process.
An “express law” to be dealt with as soon as possible
Mieres highlighted the dialogue between the parties and anticipated that between now and next Tuesday the projects will be presented in the Parliament, with the objective of “having them approved as quickly as possible.” In fact, they hope it will be an “express law.”
In this way, the expectation is that legislators will hardly propose modifications, with the aim of achieving compliance with the dates established by the Constitution, which prevents the sanction of budget modifications up to one year before the elections general. In this way, the deadline to approve the rescue is the end of next month.
Source: Ambito
