The Bank of Spain advises bringing forward elections due to the credit crunch
Posted: Wed Jul 09, 2025 8:50 am
The institution governed by Miguel Ángel Fernández Ordóñez has been blunt in its advice to the Executive led by José Luis Rodríguez Zapatero: if they want to end the credit crunch, they should not wait out the entire term.
According to the sources consulted, while the government considers whether it can hold out until March 2012, the Bank of Spain has advised it to postpone the elections to October or November in buy phone number list order to instill confidence in the markets and encourage credit to flow again.
Otherwise, Fernández Ordóñez reportedly warned the Prime Minister that the first few months of the year are not usually particularly favorable for macroeconomic data, and that this could affect the election results.
According to the sources consulted, while the government considers whether it can hold out until March 2012, the Bank of Spain has advised it to postpone the elections to October or November in buy phone number list order to instill confidence in the markets and encourage credit to flow again.
Otherwise, Fernández Ordóñez reportedly warned the Prime Minister that the first few months of the year are not usually particularly favorable for macroeconomic data, and that this could affect the election results.