Mas-Colell: “Las Administraciones vamos todas en el mismo barco”
El consejero de Economía lanza un mensaje de unidad en un momento crítico para España
Mas-Colell, "we all administrations in the same boat"
The Minister of Finance sends a message of unity at a critical time for Spain
Lluís Pellicer Sitges 1 JUN 2012 - 11:58 CET
The Minister of Finance sends a message of unity at a critical time for Spain
Lluís Pellicer Sitges 1 JUN 2012 - 11:58 CET
Aware that Spain is experiencing critical moments, the Minister of Economy and Knowledge of Catalonia, Andreu Mas-Colell, has launched this Friday morning a message of unity to tackle the financial storm. Reducing the deficit and out of the crisis has come to say to the Minister, is up to all Administrations. "We are going in the same boat," he assured. At a time when the regions suffer from unpopularity in international markets as from the central executive has opened the door several times to intervention, Mas-Colell has warned of possible temptations "recentralizing". "Do not seize the opportunity to mix, and let us fight the battle together," he asked.
The involvement of Mas-Colell has preceded that of Carmen Reinhart of the Peterson Institute, who considered that the real problem facing Spain is the debt reduction. " "The private debt that Spain experienced is unprecedented in its magnitude and duration," he assured to alert that processes to break out of that debt last 7 to 10 years. "The process has just begun," he added.
Andreu Mas-Colell has opened the second day of the conference of the Circle of Economy, held in Sitges (Garraf). The director has picked up the gauntlet to the Minister of Economy, Luis de Guindos, which closed yesterday's session with a warning that the euro is playing his future "in the coming weeks" in Spain and Italy, a clear message to the authorities German. Mas-Colell also wanted to send a message to Brussels and Berlin to warn that austerity must leave room for growth.
"The austerity measures are not always optimally designed. It would be better not to insist on the results one year ahead to ensure a sound and consistent results in two or three years time, "he assured. The counselor, this 2012 should apply some adjustments budget of nearly 4,500 million euros, has opted for a program of "long-term sustainability" that would prevent, for example, cuts in key areas such as economic and social research. "It may be stronger than short periods out of joint efforts," said.
Mas-Colell has sent a message of unity from the Administrations of Spain in the fight against the crisis, well, just the week that was held the meeting of Catalan parliamentary groups to find a consensus to agree a new funding model the central government and the gates to approve hispanobonos this, but probably these will not be approved yet in the Council of Ministers on Friday.
The Minister said that the crisis has exposed "structural weaknesses of the financing of Catalonia". "It has been improving in recent years, but not the way it should have, and the current situation is dramatic," he said to justify the time it is intended to open negotiations with the government of Mariano Rajoy. However, the crisis is also implying a collapse of public sector revenue, so it has admitted that in this situation "difficult" no "silver bullet to increase public resources."
However, during the crisis of the Spanish sovereign, Catalonia has now closed and barred international and institutional markets. And again, the interest on the bonds for individuals remain high, so that Mas-Colell In Guindos asked to launch and hispanobonos to consider these debt issues will not harm community's credit rating Spain, but are "good" for all administrations.
After Mas-Colell, Reinhart has referred to the levels of administration that are below the plant. Without referring specifically to Spain, Reinhart has spoken of "hidden debt", referring to commitments that may not have surfaced yet, so the debt could be even more bulky. "There are many financial transactions under the rug," he assured. Reinhart has warned that the bank rescue will swell the public debt, which will further complicate the solution to the crisis.
The involvement of Mas-Colell has preceded that of Carmen Reinhart of the Peterson Institute, who considered that the real problem facing Spain is the debt reduction. " "The private debt that Spain experienced is unprecedented in its magnitude and duration," he assured to alert that processes to break out of that debt last 7 to 10 years. "The process has just begun," he added.
Andreu Mas-Colell has opened the second day of the conference of the Circle of Economy, held in Sitges (Garraf). The director has picked up the gauntlet to the Minister of Economy, Luis de Guindos, which closed yesterday's session with a warning that the euro is playing his future "in the coming weeks" in Spain and Italy, a clear message to the authorities German. Mas-Colell also wanted to send a message to Brussels and Berlin to warn that austerity must leave room for growth.
"The austerity measures are not always optimally designed. It would be better not to insist on the results one year ahead to ensure a sound and consistent results in two or three years time, "he assured. The counselor, this 2012 should apply some adjustments budget of nearly 4,500 million euros, has opted for a program of "long-term sustainability" that would prevent, for example, cuts in key areas such as economic and social research. "It may be stronger than short periods out of joint efforts," said.
Mas-Colell has sent a message of unity from the Administrations of Spain in the fight against the crisis, well, just the week that was held the meeting of Catalan parliamentary groups to find a consensus to agree a new funding model the central government and the gates to approve hispanobonos this, but probably these will not be approved yet in the Council of Ministers on Friday.
The Minister said that the crisis has exposed "structural weaknesses of the financing of Catalonia". "It has been improving in recent years, but not the way it should have, and the current situation is dramatic," he said to justify the time it is intended to open negotiations with the government of Mariano Rajoy. However, the crisis is also implying a collapse of public sector revenue, so it has admitted that in this situation "difficult" no "silver bullet to increase public resources."
However, during the crisis of the Spanish sovereign, Catalonia has now closed and barred international and institutional markets. And again, the interest on the bonds for individuals remain high, so that Mas-Colell In Guindos asked to launch and hispanobonos to consider these debt issues will not harm community's credit rating Spain, but are "good" for all administrations.
After Mas-Colell, Reinhart has referred to the levels of administration that are below the plant. Without referring specifically to Spain, Reinhart has spoken of "hidden debt", referring to commitments that may not have surfaced yet, so the debt could be even more bulky. "There are many financial transactions under the rug," he assured. Reinhart has warned that the bank rescue will swell the public debt, which will further complicate the solution to the crisis.
スペインのカタルーニャ地方政府の経済大臣は、財政赤字削減のために中央政府と共同協調と言う
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