The Bank of Spain points out that it is time to withdraw aid after the reduction in VAT on olive oil

The Bank of Spain has reiterated this Friday that it is time to withdraw aid due to the price crisis that has followed the pandemic and the war in Ukraine, following the Executive's announcement of a reduction in VAT on olive oil today. “The fiscal measures after the pandemic, after the war in Ukraine, must return to normality, to their previous situation,” said Margarita Delgado, deputy governor of the Bank of Spain and acting head of state, when answering the questions of the journalists in their appearance at the XLI seminar organized in Santander by BBVA and the APIE association of economic journalists. Without explicitly speaking out against the measure, Delgado has argued that the withdrawal of the aid framework serves to establish “a cushion so that in the event of a significant or systemic crisis in the future, measures can be taken and acted with a sufficient cushion.” “We have always defended that in the return to normality, exceptional and temporary measures must be ...