Escrivá on the departure of Ferrovial: “What a nasty adviser is greed”

The Minister of Inclusion, Social Security and Migrations, José Luis Escriváeuro

“What a nasty advisor greed is usually”, was the assertion made by the Minister for Inclusion, Social Security and Migration, José Luis Escrivá, when requested about Ferrovial’s announcement to maneuver to the Netherlands. The minister, in statements to TVE, assured that he has the sensation that behind his curiosity in leaving Spain “there’s a short-term motivation of fiscal arbitration.” “It provides me the sensation that this sort of conduct, which sadly not often happens, however does happen typically, tends to be counterproductive from a medium-term perspective,” he added.

Escrivá has indicated that this case with Ferrovial reminds him of when monetary establishments of various sorts, earlier than the 2008 disaster, “took a whole lot of danger as a result of there was that greed to have larger bonuses and larger advantages.” For the minister, that conduct of the monetary establishments was “short-term”, since they later got here to current damaging outcomes.

What the minister didn’t wish to touch upon was the likelihood that the exit from Spain would hurt Ferrovial with regard to public works concessions. “That query is misplaced,” Escrivá has sentenced.