Showing posts with label Spanish economy. Show all posts
Showing posts with label Spanish economy. Show all posts

Sunday, May 12, 2013


Spanish Prelate Fears 'Mutual Hatred' Over Euro Crisis

THE SUNDAY TELEGRAPH: The Catholic Primate of Spain has called for a profound shift in Europe's debt crisis policy to avert social collapse, warning that soaring unemployment in Spain and across southern Europe has become "very dangerous".

"We have to change direction, otherwise this is going to bring down whole political systems," said Braulio Rodriguez, the Archbishop of Toledo.

"It is very dangerous. Unemployment has reached tremendous levels and austerity cuts don't seem to be producing results," he told The Telegraph.

"There is deep unease across the whole society, and it is not just in Spain. We have to give people some hope or this is going to foment conflict and mutual hatred."

Europe's Catholic bishops have been careful not to stray into the political debate or criticise EU economic strategy but the Archbishop said the current course is untenable.

"The Vatican has always been an enthusiast for Europe, but a Europe of solidarity where we help each other, not a Europe of coal and steel. Whether this is possible depends on Germany and Chancellor Angela Merkel," he said. » | Ambrose Evans-Pritchard, in Toledo | Sunday, May 12, 2013

THE DAILY TELEGRAPH: Spain is officially insolvent: get your money out while you still can » | Jeremy Warner | Thursday, May 10, 2013