The PP's electoral campaign and Prime Minister Rajoy's inauguration speech both promoted a bill for a new Spanish entrepreneur law, but the bill has seen better days. Three days after Rajoy met with a large group of business leaders at Moncloa in order to talk to them about the benefits of the potential law, it has experienced another setback. It was forecasted that the Cabinet would approve the bill in a meeting held on Friday, but the Delegate Commission of the Government for Economic Affairs decided on Thursday to take the bill off the table for the day's meeting after detecting various discrepencies in the text.
For example, there were numerous technical legal errors and a critical report from the Economic and Social Council that claims the bill lacks the kind of rigor and coherence that was expected.
Hidden behind these formal problems, which slid by when the Prime Minister's office went through a process of writing and editing, are tensions among the other Ministries involved in writing the bill. Some of them, such as the Employment Ministry, think that they did not get to voice their opinion loudly enough. At this point, the government should clean up the errors in the bill and try to introduce new aspects that help small- and medium-sized businesses get financing. The Ministry of the Economy just denied them access to microloans through the Official Credit Institute, a public company designed to drive economic growth in Spain.
Still, it seems unlikely that the second part of the draft bill could see significant changes after Rajoy claimed that the structure of the private banking sector was the real problem.
