JEMC said:
Kynes said:
JEMC said:
Kynes said:
eON offered more money, only that, but you should remember that Gas Natural wanted endesa at most at ~20€ share, and the final offer was over 45 euros share. It's something that any CEO would do, when some company tries to make an hostile takeover, it's your obligation to search for another company that wants to pay more. Endesa was a private held company, and the government tried to make Pizarro accept the Gas Natural offer, but he did what anyone would do, create value to the shareholders. I can remember you that the Italian company entered in the auction because the Spanish government didn't want a German company controlling Endesa.
The l'estatut can say whatever it wants, as the other estatutos say, but if you add what all the estatutos say they deserve, we have a country that has to provide the regions more than 100% of the income. That's factually impossible, and Mas knows it. We had an incompetent government that made promises to all the regions, promises that are impossible to comply with, and now we have this irresolvable sudoku as Solbes (socialist economy minister) called it.
When I talk about Madrid, I'm only repeating what the politicians there say, everything bad comes from Madrid, everything is Madrid's fault.
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The government tried to force the sellout to Gas Natural... right.
And what I said is that whatever has been agreeded to and signed has to be respected. If you agree to pay certain services then you have to pay them, otherwise you are violating the law.
Anyway, if someone who is not from Spain is following the discussions that we are having here, they will realize how bad the situation is. We don't see the same thing in the same way. That's the problem, and I'm affraid that there is no solution for that.
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The socialist government? Sure. Ask Pizarro and the followings he had. eON paid more, and Enel even more, so I don't know why you keep saying that Endesa should be sold to Gas Natural.
So any promise, as absurd as it is, should be kept by the following government? Let me see, so if the government promises to give 90% of the money to Andalusia, they should keep that promise in any case? The government has to make compromises, and you can't give to everyone the money some guy before you promised, because this makes any country non governable.
In any country you have differences, the problem resides in politicians that use that differences to create problems where there weren't, and to search for an enemy that diverts the attention of your policies.
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Of course Pizarro as only doing its job... that's why there weren't pressures from anyone to avoid the sell to Gas Natural (which I never said that it should have done, I only stated what happened) and that' swhy Pizarro wasn't one the list of candidates of the PP for the elections. Just because he was impartial.
And I'm not talking about promises. I'm talking about signed deals which are law. You can break promises, but as a government you can't break the law. And as stupid as it gets, if someone had signed a law that makes them give 90& of the money to X, then by law they should do it. And then be accused of malpractice and whatever else can be used against him for being that stupid.
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So Endesa had to be sold undervalued by more than a 50% because you say so. Ok, that's completely reasonable. The politic affiliation of the CEO of the company has nothing to do, it's a clear ad-hominem attack that has nothing to do with good for the shareholder practices.
I will say it again. Catalonia has in it's estatut that Spain has to provide them ~19% of all the money taxed in Spain, due to their GPD, and they have to provide all the funds necessary to keep that GPD. Andalusia more or less the same due to population. Castille and León the same due to extension, Aragón due to the river and some other absurd thing... this is written in all the regional laws, not only in the Catalan one, and every region says their motive to get more money that the others. If we have to provide everyone what their laws say, Spain has to provide much more than a 100% of the income. The problem lies mainly in Catalonia, where their politicians see this but they ignore that what they ask for is impossible, because it's impossible to comply with all the estatutos.
Are you telling me that we should ignore all the other estatutos, and only comply with the Catalan one?
I would love a true federal country, where the central government has a smaller federal tax, and regions have to tax their citizens, that would be funny. The lack of fiscal responsability is one of our main problems.