In 93 months before Aznar lost his second election to the Prime Minister, I had the opportunity to attend a conference in the auditorium of the University of Murcia organized by Democratic Students.
were some years where we began to talk about "single currency", "economic convergence" and "two speeds" for member countries of the European Union in order to comply with the objectives of convergence and can be integrated into the future single currency.
Aznar At that conference talked about the economic problems that had Spain, a Spain that are fully integrated into the monetary union, in a clear manner, providing realistic and feasible solutions, convinced of what he stated and convincing everyone that he was able to get Spain out of the situation in which he was.
Spain was in crisis, inflation, unemployment, public debt and fired, loans at an interest rate of 14-16%, in short, a very negative situation, compounded by a socialist government unable to make an exit solutions to solve the most effective and quick of it, and we had reached a disastrous economic policies of socialist consisting Solchaga expand public spending together with a monetary contraction (restrictive monetary policy), producing high rates of inflation and loss of competitiveness were offset our peseta devaluations, in 92 twice in the year 93 and 95 last year .
In June 93 elections lost again, but many knew that when he got his chance, pull out to Spain's economic slowdown caused by the ineffective legislatures of Philip, and his chance came in 96, and soon began to see the results, economic growth, lowering interest rates, inflation and unemployment rates, decreased deficit, and budget surpluses, which led, through the efforts of all, meeting the convergence criteria for the integration of Spain in the Euro.
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remember reading an excellent interview with Jose Maria Aznar has today published the Sunday XLSemanal and which clearly expressed what is the origin of the financial crisis that we suffer and the way out of it.
He points out that there have been failures of central banks as regulators of the financial system, as we all know less Zapatero repeated again today that the cause has been the neoliberal policies, as shown here , and that the solution to it must pass to restore solvency to the system, sure to make the economy work we must have a financial system in which all agents back to regain the trust of each other, policies such as those raised by Zapatero, consisting of increasing deficit and debt can only lead to failure, as indeed we are seeing, if that protectionist policies are added to our markets as a minister has claimed on occasion, could lead us into a new "Great Depression."
lucid and sensible view of the statements of former President Aznar and Zapatero outdated demagogic and can only think of one thing: No color.
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