The Minister of Industry, José Manuel Soria, has openly admitted that the merger between BA and Iberia was not “good.”

British Airways and Iberia merged to form the International Airlines Group (IAG) to the detriment of Iberia, which was what many had warned would happen from the beginning, seeing the merger as throwing Iberia to the wolves.

Almost indisputably, BA was only after the privileged Iberia links with Central and South America with little interest in anything else about the airline.

The Minister was being interviewed on the private, national TV channel, Antena 3 when he admitted quite frankly that it had not been a good idea: whilst BA has increased earnings and frequencies (regular flights), the exact opposite has happened to Iberia.

He said that whilst the Government was “aware” of the situation, it cannot do anything about it as IAG is a private company and there is no mechanism to tell the governing board of the company what to do.

Editorial Note: This artificially created economic crisis is little more than a scheme to gobble up public assets for peanuts and exploit them.

Such is the case of the public hospitals in Madrid, built and equipped with taxpayer’s contributions, which are being sold off so that the private companies can pick up the succulent cost-effective patients and send the more costly ones to be treated by the Public Health System.

We are seeing the rape of the Social Welfare System by international jackles.

(News: Spain)