MARBELLA CLUB

Spanish Government has announced a new plan to attack the country’s submerged or black economy. It’s one of the obligations being placed on Spain by Brussels.

Minister for Employment, Valeriano Gómez, is preparing the plan, according to a statement made from the Moncloa on Wednesday this week, with the Government saying the measures are part of the Euro Pact which is currently under debate in the European Council.
Few details have been released as yet, although the plan is expected to offer some form of amnesty for those who come into legality.

Gómez claimed that there is not much more hidden economy in Spain than in other countries such as Germany or Sweden, and he said the plan would be revealed once the talks on the wage round have been closed with the unions. He declined to put a figure on the extent of the black economy in Spain, although Hacienda has estimated it amounts to 20% of Spain’s GDP.