Some people saw it coming, others felt that it had to come: A Spanish version of the German “Hartz IV” welfare payments for the long-term unemployed.
“The moment is not an opportune one,” said Catalan economist Jose Maria Gay de Liebana. He understands northern European countries that do not want to mutualize debt by means of joint loans, and also the criticism from the Netherlands that Spain has miscalculated over the past 10 years and wasted money.
“If we don’t start making serious efforts to finally reduce our debt, we won’t make progress as a society,” he said.Spain’s state deficit is […]
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