Col·lectiu Emma - Explaining Catalonia

Wednesday, 11 january 2012 | New York Times


Spain’s Debt: The View From Barcelona

(Minister Minister of Economy and Knowledge of Catalonia Andreu Mas-Colell reply published at the New York Times)

To the Editor:

Regional Debts Add Woe in Spain” (front page, Dec. 31) placed excessive responsibility on the regions for the fiscal problems of Spain. In truth, the largest public budget and deficit and most of the regulatory power over fiscal and expenditure issues lie with the central Spanish administration.

The matter is a sensitive one, as not everyone in Spain is reconciled to the post-Franco transformation of the country. There is now the temptation, with the economic crisis as an excuse, to turn back the clock. On the contrary, what the situation demands is a concerted effort by central and regional administrations for the success of fiscal consolidation.

The year-old, austerity-minded government of Catalonia is looking forward to working with the new Spanish government in furthering this aim.

Minister of Economy and Knowledge of Catalonia
Barcelona, Spain, Jan. 9, 2012

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Col·lectiu Emma - Explaining Catalonia

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Col·lectiu Emma - Explaining Catalonia