The Minister of Finance and Public Administration, Cristobal Montoro, argued today that “Spain has not been rescued” and that the debt crisis will be resolved “to strengthen Europe and strengthening the euro.”
Montoro has made these remarks during his speech in the full House of Representatives, where he answered questions paths UPyD Socialist Group on European aid to the bank and where deputies urged to “reassure” the public with message of “trust” and “security”.
The minister stressed that Spain has the support of its European partners, the International Monetary Fund (IMF) and the G20, which have been passed that “Spain does not need any rescue whenever you make the structural reforms being done.”
He pointed out that these reforms include the recapitalization of the financial sector because it is an element that “ought” to the country for the credit to get a “real Spain” and entrepreneurs.
Furthermore, she added that strengthening the capital of financial institutions facilitate the sale of assets of banks to “take their leave of this economic crisis” and that “soon we will have a present economic growth and job creation.”
UPyD spokesman Alvaro Anchuelo Montoro said that “denying reality does not help to convey confidence,” referring to the possibility of lending support to the banking compute as public debt, which the minister replied that Spain needs “trust, security and reliability in itself” and that is a message to be transmitted from the Congress.
In addition, Montoro has said that the difficult situation in Spain in the markets is the result of “the crisis of the euro”, which is “a reality that is before us” whose resolution corresponds to the European institutions.
In his opinion, the Government’s responsibility in this regard is “the realization of reforms, the adoption of a budget policy of austerity and rigor” and that with Spain it is now “better able to address this crisis.”
Socialist spokeswoman Soraya Rodriguez said the government “alone can not get this country out of crisis”, to which Montoro has responded that “we in Europe are European, we are the euro” and that “a crisis like the we are living we will strengthen Europe by strengthening the euro and building a common project. “