The Economy Minister Luis de Guindos, admitted in an interview with El Pais that the Spanish economy, with 23% unemployment, still crisis, but claimed that the policies implemented by the PP government have already placed the country on the path of recovery, as evidenced by the executive predicts a growth of 3% annually until 2018 and the creation of 2.1 million jobs in four years. “The first was out of recession, the latter has to be out of the crisis.
Luis de Guindos (Photo Moncloa)
What I mean is that the banking adjustment has occurred, the budgetary adjustment has occurred, the real estate adjustment has occurred, I would say that the labor adjustment already She has occurred. The only question now is to maintain these variables in normal parameters, avoiding excesses and continue with reforms and adjustments, “he says.
While much of the growth forecast by the government relies on external factors, as the falling price of oil and the depreciation of the euro, Guindos denied that the forecasts are too optimistic and terminating the stage settings. “They say it’s an electoral message, but the biggest risk to growth would undo the reforms,” he insists. The minister, who claims to have support to fight for the presidency of the Eurogroup, predicts wage increases of 1.5%, but from 2016.
De Guindos supports the call tax amnesty approved by the Treasury in 2012, despite knowing now that the former vice president Rodrigo Rato and other public offices benefited from it to regulate money he had not paid taxes. “We were all aware that the Government had effects that are not ideal, but the advantages outweighed the disadvantages,” said the minister stressing that allowed “to bring out a significant volume of assets” at a time when budget revenues “fell hill “and the Spanish economy was in an” extreme situation “.
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(Text homemade made from summary News services Press Moncloa)
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