Some days ago I had the disgrace to see how Spanish president acted as a crazy child by no telling the Spaniards that very hard times were coming and that all should be done so that this partial bailout could not end in a total bailout. Instead he acted against Spanish and European interests by showing off that we have got a very good deal. By doing that he was acting against the eurozone because it gave the sense that Europe treated the Greek unfairly while the Spaniards were soft treated.
Fortunately time puts each person in its place so that now the IMF is telling Spain to do some of the things that already Greece has done!!!: to cut wages of the civil servants, for example.
So, what we will see in the following months is simply a Spain that will have to cut and cut and cut.
So, thanks Mariano Rajoy acting a clown and not telling Spaniards that WE SHOULD NOT BE RELAXED BECAUSE THIS RESCUE COULD BECOME A TOTAL RESCUE IF NOT FURTHER REFORMS WERE MADE!
I have the feeling as if Mariano Rajoy did not trust Spaniards! In Catalonia the president is called Artur Mas and he tells the people what is happening! You may agree with or not but at least you know that he is not painting a wonderful world that does not exists!! In Catalonia the wages of civil servants were reduced!
So now we see that the IMF is telling Spain to reduce wages and to increase the VAT. So, it is obvious that the bailout of Spanish banks has some conditions!
The difference maybe now is that people in Brussels know that Spain will have to apply these conditions in any case. BECAUSE THE MARKETS WILL OBLIGE TO THAT! If Spain does not cut wages and does not increase VAT the markets won’t buy Spanish bonds. And then Spain will have to asked for a total bailout.
What I mean is that the president of Spain was a fool to show off because the bailout was without conditions! He should have not said that because by saying that he gave ammunition to SYRIZA in Greece.
So who knows, maybe history books will tell that the real responsible for the exit of Greece from the eurozone was the president of Spain.
Who knows too, maybe he did on purpose … Maybe some people want Greece out of the euro so they planned that Mariano Rajoy said that all Spain had money for free so that people in Greece votes for Syriza. Well, as I want Greece to remain in the eurozone I have tried to tell that if people in Greece believed the lies of Mariano rajoy then what they should ask id Spain to cut all like Greece. Not the opposite! Today I just have read that each Spaniard has in someway about 17000 euros debt per capita!
I feel ashamed that the IMF must tell Spain what to do! This is happening because the Spanish government is not doing what should have been done. It is not serious that it was to put the blame outside!
In any case when you act as a child it is not strange that you are treated like a child.