From the first steps taken by the current Spanish Government, I have not ceased to denounce the catastrophic consequences for Spain of a policy focused almost exclusively on the reduction of the public deficit, especially in a country of 5.5 million unemployed as ours.
The required policy for countries with problems, by the ill-fated leader of the European Union Angela Merkel, now not only is denounced by some undocumented like me, but also prestigious Rotary International as the NY Times look at the overall situation and announces a cataclysmic economic if is not rectifies.
On April 12, The New York Times published an editorial with the suggestive title “An overdose of pain”
“Spain could be the next European economy brought down by German-led mismanagement of the euro-zone crisis. It need not turn out that way. But it surely will unless Chancellor Angela Merkel and her political allies inside and outside Germany acknowledge that no country can pay off its debts by suffocating economic growth.”
And this is what is happening in Spain. Up to this point no strategy has been promoted to provide financing to the families and to the small businesses that are the ones that can cause an important enema in the short time limit, no real measures have been introduced to cut the draining of the unemployment, and they should be taken now, not in six months or in a year. Spain cannot take even one more person to be unemployed, and that is what it seems to guarantee the legislative measures adopted up to now. Seem to guarantee the survival of this, and a financial system that has proven its parasitism.
“Austerity, the one-size-fits-all cure prescribed by Ms. Merkel, is not working anywhere. After weeks of misleading calm, and despite huge injections of liquidity by the European Central Bank, countries are slipping back into recession, unemployment is climbing and deficit forecasts are worsening. Bond markets are especially jittery about Spain and Italy, two of Europe’s largest economies.”
These are words of the editorialist of the NY Times. The fact is that the doubt of the international investors comes from the viability of an economy whose GDP continues decreasing, to the contrary that our unemployment that continues setting world records, and it is known that the reliability is shown by the economic capacity of generating activity and this is what itself is not being supported.
The leadership of a ruler must be exercised for the benefit of citizens on which rules and not in search of the approval of a person so unbalanced as is the German Chancellor, incapable to feel a minimum empathy with those that do not share their same circumstances, and incapable to scrutinize intellectually the consequences of her obsessions.
Mister Rajoy, It’s time to defend the interests of the Spanish citizens, many of them basics, and you should already know it before the elections to the ones you presented and won. You cannot talk about the inheritance received as an excuse.
There is an urgent need to extend credit to small businesses and self-employed, you should put all the means at their disposal– that are many, although to you don’t seem as – for that the citizens themselves can begin to look for and provide solutions to the problem of unemployment, our greatest indentation, specially for young people. It urges you to start winning the respect of the citizens of this country even if they had voted you in or not later will come the international respect. Don’t let yourself get dizzy for the trips and encounters of De Guindos Minister, which each time recalls me more to the trips of the former Minister Blanco uses to sell little houses out of Spain. The result in both cases will be similar. The solution will consist in turning the other way around our economic evolution, but you with some of your measures accentuate the crisis.
José Barta
April, 16th 2012