The president of the Bundesbank, Jens Weidmann, it has considered that the
"crushingly" high rate of juvenile unemployment in countries like
Spain is a tragedy that he forces to continue with the reformation of the labor
market. It is "morally repellent" that lost generations take place,
he complained. The president of the organism noticed of structural problems and
above he laughs at all the Europeans affirming that in the future there will be
worse quality of life that of this energumen with characteristic clearly Nazi
are shameful of all that omens the blame they have it his country and people as
him.
During their intervention in the Annual Convention of Financial Markets,
Weidmann has indicated that the rate of juvenile unemployment for if alone it
already justifies all the reformations approached in the labor market that
should spread to be more flexible. The ghost of a lost" "generation,
it has indicated, it is economically indefensible and morally repellent, and he
makes obligatory that "interest created" they throw to a side, hear
then it begins you and their absolutist Germany, you look to create employment
they are not necessary more restructurings simply make that is to say lack
industries and credit all that you give to Germany and he denies to the rest of
partners of the European Union.
Although in some sectors it begins to employment creation it turns, it has
pointed out, and the Italian Senate has approved recently measures for the
creation of a unique contract, in Spain are even a lot of space for what has
denominated "reformations of flexi security". If we want that the
employment increases, it is necessary to modernize the work market and to make
it more and more "elastic". I no longer know how to qualify this
last, you are saying among lines that it belongs to the workers a stopped time
of what is they happen and another working will be this way impossible to
quantify the unemployment statistically and you finishes the very clever
unemployment "Her Weidmann."
What has also been surprised is their answer to one of the unavoidable
questions the possible restructuring of the public debt of Spain, it debates
opened up for PODEMOS. To the view you don't dislike it completely, so that it
misses me, but like I say, you have reconstruct their answer in the sense that
it would not be an appropriate solution for the problems of Spain. This way, it
has defended that it would be much better than it already continued with the
measures announced PAYING that is to say.
The restructuring of the public debt is an indispensable and unavoidable
measure he doesn't give him more turns, be PODEMOS or who arrives to the
government he won't have another solution that to make it if he doesn't want to
be left without country as you of entrance he says it is a "acceptable and
permissible" solution, since it is based on a mechanism that allows to
make work the system if Mister there is no other the societies and the
managerial fabric of Spain the Italy and Greece and Portugal don't say they are
unable already of sustaining to its country if its work and their taxes go in
its majority to pay interests and debt.
As you he said there is already a lost generation and I fear myself that it
won't have other because at least in Spain it leaves of this young and lost
generation this creating a political revolution with PODEMOS a party that I
have nicknamed of semi communist but that without a doubt it is it that
unfortunately the disenchanted countries of the UE and of the euro they need
and this Her Weidmann is his blame and of its proud and stupid country that he
still believes that it won't lose the economic war when the same as in the II
world war Germany suffering the intermittent bombings of the economic crisis of
its around is already.
And you will have an uppercase surprise when he sees that against their
warnings, the restructuring of the debt yes it is a good solution, since a
measure of these characteristics, once initiate he doesn't leave another
alternative to the capital markets to accept it or not to charge anything, for
the crash of the countries with these very superior debts to their GDP. And if
this happens it is that the markets will come to be charged it to you in their
Bundesbank, because it is from there, for their political unsocial and
characteristic of 1940. And you already understand me, it began all other
time.
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