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スペインの経済危機の克復は、歳出削減だけでなく、経済回復できるほかのやり方も可能
Otra receta contra la crisis es posible
El Modelo Euskadi hace compatible el control del gasto público con medidas efectivas para incentivar la economía
Another recipe from the crisis is possible
The Model Euskadi control makes it compatible with effective public spending to stimulate the economy
Patxi Lopez 4 MAY 2012 - 20:09 CET
The Model Euskadi control makes it compatible with effective public spending to stimulate the economy
Patxi Lopez 4 MAY 2012 - 20:09 CET
When just nine months ago it seemed that this year could mark the beginning of the solution to the crisis, the sudden collapse of all economic forecasts for the euro area have sunk back to the European economy into the abyss of recession. Met just two years after the intervention in Greece and the application to the letter of the prescription market fundamentalists, that says that the policy of austerity is the only remedy. Two years in which the crisis has worsened, inequality has grown and the right is dedicated to curtail the welfare state.
We have deceived the same economic powers that five years ago told us that subprime mortgages were a windfall. The same people who clamored to rescue them with public money and banks, once saved, are devoted to speculate against the sovereign debt of countries that helped them.
In this situation, I must say that the current economic crisis relapse is not a consequence of the deficit or the level of public debt of Spain, one of the lowest in Europe, but the grim austerity policy that has been imposed. It is therefore necessary to redirect the economy towards politics. The solution to the crisis in Europe is not a result of austerity and trimming. Reassemble the binomial set-growth is a must for a space that supports 25 million unemployed, with 12 countries are in recession and that there emerges the end of the tunnel.
Growth can only reduce the debt burden in the European economies without question our model of coexistence. Therefore, we must relax the deadlines for implementation of the deficit targets to allow policies to boost economy. The European Central Bank must take a more active role on growth rather than focusing exclusively on price stability. The EU should approach the debate on the issue of Eurobonds and the possibility of turning to the ECB as lender of last resort for countries, while there is a strong impetus to structural funds.
Clearly, the welfare state should be updated in light of the new challenges of the XXI century, but we must not mislead or confuse. Update is to develop and improve the efficiency of our policies, but not curtail what DNA is already part of Europe and which has given rise in recent decades to greater economic and social progress of the story: the welfare state.
The policy of cuts is something different to the forced austerity and restraint in public spending. In times of crisis, eliminating measures to support the economy with the harshness that is being done by some governments is a real economic waste, since it is rendered useless much of human resources and productive capacity of our companies. Updating the 2012-2015 Stability Programme itself prepared by the Central Government, published on April 30, provides that the overall unemployment rate in Spain for 2015 will be 22.3%. At this rate and with these policies, how long will it take for the unemployment rate in Spain reached 8.5% we had in 2008, or that youth unemployment falls below 20%? How 2020? Can I go on?
Paul Samuelson, academic and Nobel laureate in economics, used to say that the goal of economics is to improve the daily lives of people. Such an approach puts the economy at the service of citizens and the main task of any advanced society: protecting the weak. Since I took my responsibility lehendakari, I've been very aware these maxims. Therefore, from the first day my Government has been working to develop an alternative prescription to combat a crisis that robs the future dreams of thousands of families. This other way of coping has already begun to be known as Model Euskadi. A formula that supports the necessary control of public expenditure with effective measures to stimulate the economy, fight for employment and ensuring public services to all citizens. And Euskadi data seem to confirm the validity of this model.
Since the end of 2011, we became aware of the worsening of the crisis, we have implemented a battery of measures designed a plan to fight unemployment with social consensus, an extraordinary plan to finance small and medium enterprises , a package of measures to encourage our production, and special activities for our youth to have the job opportunities they deserve. These are some of the initiatives proposed by the Euskadi model to address the crisis.
During the past two years, my Government has preached alone in the desert against indiscriminate austerity swept across Europe and that both the national and the nationalist right, embraced without any shame. The main opposition party accused us in Euskadi even in early 2011 that we would "break" the public accounts before it reached the month of March. Well, it is no coincidence that last year the Basque economy batiera its record of exports and receives more tourists than ever. Our unemployment rate is half that of the Spanish average and similar to Europe. And while the PNV cling to catastrophism, is one of the Spanish and European communities with lower leverage.
This is achieved by combining the efforts of employers and employees, believing in a model that is committed to leave no one left to die. The Basque Government has done its part by stimulating the real economy, adjusting their spending responsibly and avoiding indiscriminate cutting, especially in health and education.
I believe in a market economy, but not in a market society. I understand, therefore, that the Government of Spain and the nationalist right in Euskadi and Catalonia should reflect on the consequences of their actions on economic and appreciate that there is another formula to address the structural reforms we need and fight the crisis. The obsession with the deficit, false alarms of bankruptcy, anti-social reforms by decree law and continued cuts are leading to a dead end. They are blowing the life chances of thousands of young people, a generation with a huge talent who flees Spain heads down for lack of opportunity.
Economic cycles have always existed and will always exist, so even though we now no way out will come a time when the economy will recover and start again to create jobs and welfare. The speed you reach this point depends on how fast we leave aside the wrong recipe for extreme austerity and adopt other appropriate therapies for the ills of our economy.
From Euskadi, without any arrogance, we can say that our model works and is offered as an alternative to return to regain the trust that is robbing us and make the Basque Country, Spain and Europe an area of vital opportunities for claiming citizenship a better future.
Patxi Lopez is president of the Basque Government.
We have deceived the same economic powers that five years ago told us that subprime mortgages were a windfall. The same people who clamored to rescue them with public money and banks, once saved, are devoted to speculate against the sovereign debt of countries that helped them.
In this situation, I must say that the current economic crisis relapse is not a consequence of the deficit or the level of public debt of Spain, one of the lowest in Europe, but the grim austerity policy that has been imposed. It is therefore necessary to redirect the economy towards politics. The solution to the crisis in Europe is not a result of austerity and trimming. Reassemble the binomial set-growth is a must for a space that supports 25 million unemployed, with 12 countries are in recession and that there emerges the end of the tunnel.
Growth can only reduce the debt burden in the European economies without question our model of coexistence. Therefore, we must relax the deadlines for implementation of the deficit targets to allow policies to boost economy. The European Central Bank must take a more active role on growth rather than focusing exclusively on price stability. The EU should approach the debate on the issue of Eurobonds and the possibility of turning to the ECB as lender of last resort for countries, while there is a strong impetus to structural funds.
Clearly, the welfare state should be updated in light of the new challenges of the XXI century, but we must not mislead or confuse. Update is to develop and improve the efficiency of our policies, but not curtail what DNA is already part of Europe and which has given rise in recent decades to greater economic and social progress of the story: the welfare state.
The policy of cuts is something different to the forced austerity and restraint in public spending. In times of crisis, eliminating measures to support the economy with the harshness that is being done by some governments is a real economic waste, since it is rendered useless much of human resources and productive capacity of our companies. Updating the 2012-2015 Stability Programme itself prepared by the Central Government, published on April 30, provides that the overall unemployment rate in Spain for 2015 will be 22.3%. At this rate and with these policies, how long will it take for the unemployment rate in Spain reached 8.5% we had in 2008, or that youth unemployment falls below 20%? How 2020? Can I go on?
Paul Samuelson, academic and Nobel laureate in economics, used to say that the goal of economics is to improve the daily lives of people. Such an approach puts the economy at the service of citizens and the main task of any advanced society: protecting the weak. Since I took my responsibility lehendakari, I've been very aware these maxims. Therefore, from the first day my Government has been working to develop an alternative prescription to combat a crisis that robs the future dreams of thousands of families. This other way of coping has already begun to be known as Model Euskadi. A formula that supports the necessary control of public expenditure with effective measures to stimulate the economy, fight for employment and ensuring public services to all citizens. And Euskadi data seem to confirm the validity of this model.
Since the end of 2011, we became aware of the worsening of the crisis, we have implemented a battery of measures designed a plan to fight unemployment with social consensus, an extraordinary plan to finance small and medium enterprises , a package of measures to encourage our production, and special activities for our youth to have the job opportunities they deserve. These are some of the initiatives proposed by the Euskadi model to address the crisis.
During the past two years, my Government has preached alone in the desert against indiscriminate austerity swept across Europe and that both the national and the nationalist right, embraced without any shame. The main opposition party accused us in Euskadi even in early 2011 that we would "break" the public accounts before it reached the month of March. Well, it is no coincidence that last year the Basque economy batiera its record of exports and receives more tourists than ever. Our unemployment rate is half that of the Spanish average and similar to Europe. And while the PNV cling to catastrophism, is one of the Spanish and European communities with lower leverage.
This is achieved by combining the efforts of employers and employees, believing in a model that is committed to leave no one left to die. The Basque Government has done its part by stimulating the real economy, adjusting their spending responsibly and avoiding indiscriminate cutting, especially in health and education.
I believe in a market economy, but not in a market society. I understand, therefore, that the Government of Spain and the nationalist right in Euskadi and Catalonia should reflect on the consequences of their actions on economic and appreciate that there is another formula to address the structural reforms we need and fight the crisis. The obsession with the deficit, false alarms of bankruptcy, anti-social reforms by decree law and continued cuts are leading to a dead end. They are blowing the life chances of thousands of young people, a generation with a huge talent who flees Spain heads down for lack of opportunity.
Economic cycles have always existed and will always exist, so even though we now no way out will come a time when the economy will recover and start again to create jobs and welfare. The speed you reach this point depends on how fast we leave aside the wrong recipe for extreme austerity and adopt other appropriate therapies for the ills of our economy.
From Euskadi, without any arrogance, we can say that our model works and is offered as an alternative to return to regain the trust that is robbing us and make the Basque Country, Spain and Europe an area of vital opportunities for claiming citizenship a better future.
Patxi Lopez is president of the Basque Government.
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