Calviño accuses Feijóo of "confusing" the interest rate with the risk premium in his first duel with Sánchez

MADRID, 7 Jun. (EUROPA PRESS) -

The First Vice President and Minister of Economic Affairs, Nadia Calviño, accused the leader of the PP, Alberto Núñez Feijóo, on Tuesday of "confusing" the interest rate with the risk premium during his first parliamentary debate with the Chief Executive, Pedro Sánchez, and has assured that this "highlights" that "he has to surround himself with better advisers in the economic field."

In statements to the media from the corridor of the Senate, Calviño has evaluated in this way the first 'face to face' in the Courts between both leaders, making an affirmation related to the risk premium ugly.

"This morning an attempt was made to place 8,000 million euros in the Treasury, we are already paying the risk premium at 250 points, the highest since the summer of 2014," is what Feijóo said during his first speech in the Upper House.

Given this, Calviño has assured that the "auction held this Tuesday has had a positive result and has had a demand of four times the offer proposed by the Public Treasury and that it has closed at 2.4%, with the risk premium being slightly above 100 basis points".

In line, Calviño has stressed that he has "confused", in his view, interest rates with the risk premium, something that "highlights that he has to surround himself with better advisers in the economic field."

Likewise, the first vice president considers that this first duel between Sánchez and Feijóo "has been illustrative", claiming that the chief executive "has explained clearly and competently the action of the Government and its vision of the future".

As he has said, Feijóo has "disappointed" him because, as he has said, "it is more of the same". "It is still anchored in the past", he lamented, asking that "there be a change in the coming days".