Tuesday, September 18, 2012

Eurogroup President Jean-Claude Juncker wants to stick it to Spain even more

Luis Doncel reports that Eurogroup President Jean-Claude Juncker insists that any new aid to Spain be accompanied by yet more austerity demands. (El Eurogrupo impondrá recortes “muy duros” a España para reducir el déficit El País 18.09.2012)

Spain's conservative government is currently resisting any new austerity conditions that might come with a new dose of aid to Spain to avoid defaulting on its sovereign debt. The drama is that its generally expected that Spain will have to ask for a new round of aid. Prim Minister Mariano Rajoy's government has already enacted severe austerity measures, which are having the predictable effect of shrinking Spain economy.

In a sign of how caught the eurozone is in the disaster than German Chancellor Angela Merkel's policies are, Juncker in the same interview insisted that Greece had to stay in the eurozone. (El Eurogrupo avisa que impondrá a España medidas "muy duras" con el rescate Público 18.09.2012)

And the austerity train rolls on.

Tags: , , , , , ,

| +Save/Share | |

Links to this post:

Create a Link




FEATURED QUOTE

"It is the logic of our times
No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."


-- Cecil Day-Lewis from Where Are The War Poets?


ABOUT US

  • What is the Blue Voice?
  • Bruce Miller
  • Fdtate
  • Marcia Ellen (on hiatus)
  • Marigolds2
  • Neil
  • Tankwoman
  • Wonky Muse

  • RECENT POSTS

  • Krugman on the tax-cuts-for-small-business meme
  • If Romney's lost Bobo ...
  • Romney, Mormons and Protestant fundamentalists
  • The crisis atmosphere around the euro (temporarily...
  • Varying versions of embassy-attack crisis inciden...
  • The anti-Muslim propaganda film and protests again...
  • Embassy attacks
  • The Troika: Portugal needs only a teentsie bit les...
  • German Constitutional Court lets EU bailout measur...
  • 9/11 anniversary 2012

  • ARCHIVES




    RECENT COMMENTS

    [Tip: Point cursor to any comment to see title of post being discussed.]
    SEARCH THIS SITE
    Google
    www TBV

    BLUE'S NEWS





    ACT BLUE











    BLUE LINKS

    Environmental Links
    Gay/Lesbian Links
    News & Media Links
    Organization Links
    Political Links
    Religious Links
    Watchdog Links

    BLUE ROLL


    MISCELLANEOUS

    Atom/XML Feed
    Blogarama - Blog Directory
    Blogwise - blog directory

    Blogstreet
    Haloscan


    Blogger

    hits since 06-13-2005

    site design: wonky muse
    image: fpsoftlab.com