model not think you can accuse me of partisan or corporatist in a case such as the savings banks, it is not the first article published in this blog about the tone, was clearly critical . I remember well the criticism of the forced integration of the Galician
boxes and even the functioning of the banking system now under fractional reserve model (the banking system and its implications
I and
II). So consider it appropriate, after having distributed sand, lime give the sector.
Let me make clear first of all that the management model required savings banks changes, of course, and the first and most important is the total separation of powers and policy consideration in their governing bodies Assemblies. I can not let a financial institution as an instrument for funding for all measures from regional governments, provincial and local authorities are promoted. At a time when public expenditure control and deficit reduction is a major task to be carried out, the Autonomous Communities have used their influence over the banks to continue increasing their debt. This has resulted, in part, the harsh response by the Central Government to dismantle the sources of regional financing and controlling the disproportionate debt level of Autonomous. However, before nationalizing banks and make the savings banks would have to analyze the role that the latter meet its Welfare to see if such a conversion is beneficial or otherwise, would mean a loss or significant loss. A data
2,009, the amount of funding for Social Work was 1,775,926,000 euros, slightly less than 2,008 years, clear product of the crisis we are experiencing. But it should be noted that the amount devoted to it continued to grow at spectacular rates in the early precedents:
Evolution
funds for social work
The division in the year 2009 to different areas that make up the OBS was:
- Culture and Leisure: € 588,744,000
- Assistance Social Care: € 725,665,000
- Education and Research: € 182,122,000
- Artistic and Natural Heritage: € 154,000,000
Emphasizing projects and investments as
- Special College "Isterria" for special children CAN (Caja Navarra), within the existing Civic Banking.
- Institute San Sebastian Cancer Kutxa.
- The "Vitalalquiler" with a stock of rental housing for young people by Vital Kutkxa.
- The exhibition "Sorolla. Vision of Spain" by Bancaja and only in Madrid enjoyed almost a million people.
- The International Film Festival of the CAI Huesca.
- The "CAM Water" of the CAM to raise awareness of responsible water consumption among schoolchildren.
- Antigio restoration Conservatorio María Cristina de Málaga conducted by Unicaja.
- Rehabilitation of the Teatro Colón Caixa Galicia A Coruña, now Novacaixagalicia.
- programs collaboration with UNICEF on child education in Africa or the Student Residence Caixanova (current Novacaixagalicia).
If we analyze the economic impact is Welfare investment in the banks, we found that 1596 (in millions of euros) represents 0.14% of national GDP (data from 2,009). In addition, they assumed an economic flow of 2.953 million euros, causing a multiplier effect of 1.85 and being able to cause close to wealth creation at one euro per euro invested. This has allowed the generation of 33,594 direct and indirect jobs. However, the most prominent of these figures, already significant, is that take place at the territorial level, since the vast majority of savings and its corresponding social work is closely related to their areas of origin.
why I firmly believe that the savings model is needed and has gap in the market as long as the institutions themselves involved to know to get rid of handicaps which hinder their competitiveness and prevent a more professionalised them.
