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The owner of the Court of First Instance number 60 of Madrid, Inmaculada Cows, held a public hearing tomorrow for the parties involved in the legal conflict that envelops Caja Madrid to express themselves and determine whether to proceed to a lifting of the interim suspension the electoral process. As part of the appeal by the City of Madrid and accession to the Madrid Workers’ Committees, the judge will hear the parties and decide later in approximately five days while negotiations are accelerated around the PDP candidate chair the entity, Rodrigo Rato.

Until tomorrow or even later, the parties expect to have room to find a deal you unlock the general consensus, but different sources of negotiations, consulted by Europa Press, major difficulties are motivated Rato and his negotiator, Jose Manuel Fernandez Norniella, already have reissued the agreement with the United Left and the Federation of Workers’ Commissions banking COMFIA Miguel Blesa allowing the entity to govern in the past 12 years, informed sources Europa Press negotiation.

However, the former director general of the International Monetary Fund has not closed the deal with the other formations, ie, CCOO and UGT Madrid and Madrid’s Socialist Party.

Although some consider removing the aspirations of trade unions (including two representatives of employers and two trade union confederations, one of the CCOO and UGT by entities other representative), different sources indicate that the PSM does not meet any of the ways as they collide with the aspiration de Rato to have an absolute majority on the board.

For now, the block formed by CCOO, UGT and WSP has moved in a consensual manner and stressed that not give way for the process if no agreement is reached that satisfies all parties. In fact, the general secretary of the PSM-PSOE, Tomás Gómez, today showed concern about the efforts being made by Rato, because he sees in them the search for “organic control” of the PP in Madrid and a “political nostalgia” not go towards maintaining the consensus in the entity.

In this regard, and in light of the movements de Rato, the head socialist warned that “if no consensus can not be president of Caja Madrid” and stressed that the legal uncertainty that is the financial institution is such that “Anyone who is not in the consensus may submit resources.”

The main weapon of the PSOE pressure is therefore the possibility of new resources, for instance, the legal limit of 12 years in positions of authority, which eventually could postpone indefinitely the election of new president.

However, although different opinions exist about the ability to mobilize the PSOE and the PP in the voting of directors, which is secret, the general assembly of the entity, the fact is that if the PSOE, with UGT, was getting out of the single list prepared by the PP, he should be the votes of UI, COMFIA and independents to snatch one of the directors that, in principle, be granted the PSOE. It would give the paradox that the votes of the left would be removed PSOE representation, negotiation sources said.

The debate also includes a future reform of the Banks Act to expand the board of directors during 2010, with the aim, in principle, to include a new representative for the PP and one for the PSOE. However, the great battle is on Rato’s team is not willing to recognize the PSOE only two directors (one of them would have a vice) and make way to the Executive Committee, but not three which is the amount that it considers socialists proper.

VIEW A DIFFICULT

The judge will find difficult to view, in which each party makes a different interpretation of current legislation, rules to be applied in a process initiated under different laws and the resignation of the Royal House of the 64 advisors as it has, true point of contention between the parties.

In fact, at the hearing will be legal representations of the entity (after the control commission to relinquish his own despite sharing was the architect of contested), the Madrid City Council and CCOO Madrid as affected by sharing, but also of the Assembly of Madrid and the Chamber of Commerce, who defend the action.

This view was requested by the current address of Caja Madrid, which at the time deemed “prudent” precautionary suspension of the electoral process decided by this court because the current legal conflict creates “a serious legal uncertainty, since the electoral process is subject to the effects of a future decision will end the interpretive discrepancy raised.

For Caja Madrid, the conflict stems from a different understanding of the law passed by the Assembly of the Community of Madrid. In his opinion, this is a “conflict of law between the sectors have to appoint representatives to the General Assembly and that, to prevail either interpretation, the overall number of directors which corresponds to each of the sectors vary substantially” .