Monday, May 9, 2016

The chancellor recognizes that Spain has gone through austerity – Sputnik World

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© AFP 2016 / Pierre-Philippe Marcou

“Nobody can indefinitely spend more than it takes in (…) but the fact remains that we have spent four people on the issue of austerity, “said the foreign minister told Antena 3.

the minister gave this answer when asked about the deficit, ensuring that the European Commission” understands “that the public deficit target must be flexible .

Margallo also stressed that the eurozone has to analyze why grows less than its competitors, and warned that “monetary policy does not give more of themselves”.

” it is true that you can continue to buy government debt and especially private to encourage investment but monetary policy is exhausted and have to pull fiscal policy. Austerity, yes, but not killing the goose that lays the golden eggs, “insisted the conservative president.

Given these statements Chancellor, no lack of reactions formations left, which is always positioned against the policies austerity.

© AP Photo / Daniel Ochoa de Olza

the leader of United-Unidad Popular Left, Alberto Garzón, welcomed the “sincerity” of Foreign Minister in office, but corrected it.

“This austerity is not spending four peoples, is a real looting going on, “said Garzon.

” that a minister of the PP is at least able to recognize that there has been an economic and political aggression against the social majority is appreciated ” despite the ideological distance between them, he insisted the deputy left.

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