Sunday, August 2, 2015

Spain could end up like Greece, warn – ABC Color

MADRID. Spain could end up like Greece if you impose the same austerity policies, the former minister said Greek Finance Yanis Varoufakis, in an interview published on Sunday.

“The Spanish have to look at the economic and social situation and that assess what his country needs regardless of what happens in Greece or wherever,” he said the Spanish newspaper El Pais.

“The danger of becoming Greece always still there and will come true if you keep repeating the same mistakes that were imposed on Greece,” he added.

Varoufakis , a critical economist with the austerity policies designed by Brussels and the International Monetary Fund, resigned on July 6, a day after the victory of No in the referendum on the conditions set by Greece’s creditors.

The Greek government eventually agreed after some days even more difficult than the Greeks who rejected the reforms.

A few months after the general elections in Spain, the prime minister, Mariano Rajoy, advantage of the economic problems of Greece to warn of the dangers of radical leftist policies and highlight its own crisis management.

The Popular Party of Rajoy said that Spain could return to the crisis, if victory left party Podemos, close to Syriza (the ruling formation in Greece).

To Varoufakis, Greece “has become a sort of football for right-wing politicians who insist scare with Greece to the population. “

Spain left in 2013 to five years of recession and the government expects growth of 3.3% this year, more than double the forecasts for the entire euro area .

But the unemployment rate of 22% is still very high, the second highest in the euro zone after Greece.

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