Sunday, July 10, 2016

Obama: austerity is a frustration factor explanation in Europe – Challenges.fr

US President Barack Obama said Sunday, July 10 in an interview with El Pais newspaper that austerity is an “important factor explanation tangible frustrations and concerns in Europe”, arguing for stimulating demand policies . “Many countries have adopted (in Europe) a different economic strategy, coupled with austerity measures,” he said in Spanish newspaper.

“This policy is, from my point of view, a factor important explanation frustrations and tangible concern in many European countries, “he says. Europeans “feel that the integration of economies and globalization did not benefit everyone equally,” added Obama, arrived in Spain on Saturday night for a stay of just under 24 hours.

in Spain unemployment still affects almost 21% of assets, after years of drastic savings. The public deficit reached 5.1% of GDP in 2015. In comparison, the US border on full employment, and significantly reduced their deficit under the 3% mark. In Spain, the “economy begins to grow, it is one of the highest rates in Europe, but of course unemployment is still too high, especially among young people,” said Mr. Obama.



“Pluralism, integration and tolerance”

“in Spain, Europe and the world, I will continue to advocate policies that reflect the people, stimulate growth and create jobs, “added he defending the passage transatlantic free trade agreement (TTIP or Tafta), challenged by a party of the left in Spain and elsewhere in Europe.

“governments and institutions of the European Union must demonstrate that they are in touch with the everyday concerns of citizens,” he says. We must “reject the mentality of + us against all other + some cynical political attempt to sell us,” he said again, defending the “pluralism, integration, tolerance.”

M . Obama, who also tells in this interview coming backpacking in Spain when he was 26 years old, will be received on Sunday morning by King Felipe VI, then the Conservative Mariano Rajoy, in power since 2011 and who applied political severe d austerity advocated by the European Commission.

the crisis in Spain has given wings to two new parties, Ciudadanos (Liberal) and Podemos (radical left), denouncing widespread corruption and austerity, he is expected to meet leaders in the afternoon, before he returned to naval Station Rota (south) and leave the United States.

(with AFP)

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