These lasts weeks the European Union is telling Spain to cut wages to its civil servants and increase VAT too. Now the IMF has said the same and it has said YA YA YA! But the president of Spain has answered NO, NO, NO!
I feel very very ashamed of the raction of the Spanish government BECAUSE IT GOES AGAINST THE GENERAL INTEREST OF SPAIN AND EUROPE.
Mariano Rajoy is given the wrong image of Spain. The image that Spain must send now to the world is that we do not need Europe or the IMF to tell us what to do because we are responsible. But we are doing the opposite! Europe and the IMF are telling publicly to Spain what I am sure they have been telling Spain privately for a long time.
So instead of showing to the world that WE ARE THE FIRST TO WANT TO BE ABLE TO PAY OUR DEBTS the impression is that WE WON’T DO ANYMORE CUT UNLESS YOU OBLIGE US. This is a horrible message to give!
If I was a foreign investor it is obvious I would not have trust in this Spanish government!
In Catalonia we have fortunately a government that is the first to give example to the world.
And in any case, if Spain does not cut now wages and does not increase VAT it should at least speak loud and SAY WHY NOT!
Spain is acting in a very childish way! It is not possible that the Spanish government uses foreign advices as the enemy. It is as if Spanish government is waiting and waiting so that at the end it will cut wages and increase VAT but then it will say: WE DID THAT BECAUSE THE OUTSIDE WORLD FORCE US! In fact we should do that because we need money to pay our debts so that people only will lend us money if they see we are responsible!
So instead of being pedagogical and tell Spaniards that we have been spending too much and that now we have to cut so that we have a future Mariano Rajoy is just acting as the classical and typical Spanish politician. Has he not learnt the lesson from Zapatero?
If Europe is telling you to cut wages and increase VAT you must tell to your people clearly why you are not doing that! WHY SPAIN IS NOT FOLLOWING THE ADVICE OF EUROPE? If we are more wise than Angela merkel and company I would be happy to know why! If for Spain the best is not to cut wages and not to increase VAT I want my government to convince me! But the only thing I see is that they are giving the image that Spain only cuts IF FORCED. And this is the worst image of Spain that you can give becuae then the investors realise that we are not ruled by serious politicians!
MARIANO RAJOY, WITH NOT ACTING IN A RESPONSIBLE WAY, IS BRINGING THE SPANISH BOND TO THE STATUS OF JUNK BOND. SHAME ON HIM!