Marc Vidal analyzes the economic impact of the migration crisis in Ceuta
The economic analyst questions the distribution of government aid destined for the autonomous city.
Quick Look
Analyst Marc Vidal criticizes the economic management of the migration crisis in Ceuta, pointing out that a large part of the 309 million euros in aid promised by the Government is allocated to state security expenses and not to local companies or self-employed workers.
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Why It Matters
The migration crisis in Ceuta has generated a debate about the economic impact on the city and the financial response of the central government.
The migratory crisis in Ceuta continues to capture the attention of national and economic news. The investor and collaborator of Carlos Herrera's program on the COPE network, Marc Vidal, has explained that the aid to the autonomous city is going to fall short.
The analyst has compared what is happening now with the coronavirus confinement in 2020: "Ceuta is going to lose something similar this year, but without confinement and without anyone having closed anything. In any case, on the contrary, someone left the border open."
The damages are estimated at 203 million euros, but although the Government of Pedro Sánchez has promised aid worth 309 million, of this amount "only 80 will go to companies and the self-employed," according to Vidal.
The economist explains that 229 million euros are allocated to defense, police, Civil Guard and fostering minors: "That is, the state rescues itself and counts it as aid to Ceuta," he reasons.
Open Questions
- How will the remaining funds ultimately be distributed?
- What is the real impact on the local private sector?
