Soria, surprised that there were no demonstrations against the former government
The Minister of Industry, Energy and Tourism, José Manuel Soria, has stated today that the demonstrations against the government’s economic policy “are legitimate” but was surprised that you had not contrary to the decisions that led to the crisis today.
The reforms are essential to lay the foundations for economic growth and demonstrations against “do not alter the government’s roadmap,” which passes through stable economic growth that generates employment, has said Soria in Las Palmas de Gran Canaria, before meeting with representatives of the Chamber of Commerce of the island.
The minister has indicated that these reforms “are not sufficient, but necessary” because they are united by growth policies that Spain is committed to the European Union.
Regarding market behavior against decisions taken by the Government, Soria has indicated that “markets are nothing ethereal, have names, are institutions, individuals, investment funds, banks, insurance companies we can provide money or not “and Spain needs to do so provided.
These funds are needed both to address purchases of goods and services to meet the payment of the debt before, and markets can pay or not, and a higher cost or lower depending on you not trust more or less of Spain whether it meets its obligations, has warned Soria.
In 2011, Spain was to have met the deficit target of 6 percent and not fulfilled, as it currently stands at 8.5 percent, and that is something that punish the markets, the minister said.
In his view, the tax increase would have been determined “entirely avoidable” if the Government had met the deficit target of 6 percent, but now, in addition to meeting the goal this year is expected to meet with the past, requiring further adjustment.
As to whether there may be some amendment to the State Budget in relation to the Canaries, the minister has indicated that it is of accounts “for Spain, and one that considers how key budgets territorial general is deeply wrong”, because today effort is required of all regions for the general good.
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