Merkel praises “the close cooperation” between the Spanish Government and the Autonomous Communities
The German Chancellor is “impressed” with Spain’s reforms. According to Angela Merkel, the reforms are headed “in the right direction”, they need to be pursued “at all government levels” and they will need “time to show their results”, “as it happened in Germany ten years ago” with their structural reforms. Angela Merkel met with the Spanish Prime Minister Mariano Rajoy in Madrid, the day the European Central Bank announced it was buying sovereign bonds. Merkel stated that reforms have to continue “at all government levels”. The Chancellor also defended the European Union as a project guaranteeing peace and prosperity, and the Euro as “our common currency”.
Madrid (ACN).- The German Chancellor, Angela Merkel, said she is \u201Cimpressed with\u201D Spain\u2019s reforms. After meeting with the Spanish Prime Minister Mariano Rajoy this Thursday in Madrid, Merkel said she is \u201Cconvinced\u201D that the reforms implemented in the South-European country are headed \u201Cin the right direction\u201D and they need to be given \u201Ctime to show their results\u201D. Furthermore, she praised \u201Cthe close cooperation\u201D between the Spanish Government and the Autonomous Communities, \u201Cwhich are part of Spain as the Länder are part of Germany\u201D, she said. Merkel emphasised that the reforms need to continue \u201Cat all government levels\u201D. However, she rejected the idea she is imposing new reforms and budget cuts on Spain, although she asked the Spanish authorities to continue with the efforts already made. \u201CI know these are not easy times for you. You are showing a great deal of responsibility [by developing such reforms]\u201D, but \u201Cwe believe you are doing what is needed to be done to overcome the current situation\u201D, she said. Merkel reminded that Germany started its structural reforms 10 years ago, with 5 million people being unemployed and now there are only 2 million jobseekers. She also reaffirmed her commitment to the European Union as a project guaranteeing peace and prosperity, and to the Euro as \u201Cour common currency\u201D.
After meeting with Mariano Rajoy for an hour and a half at La Moncloa Palace in Madrid, the day the European Central Bank announced it was buying sovereign bonds, Angela Merkel addressed the press. The German Chancellor sent clear and unequivocal signs that she supports the reforms developed in Spain to control the public deficit, reform the labour market and increase competitiveness. Merkel not only gave consideration to the subject at a Spanish level but she also took into account the reforms made at the Autonomous Community level and she stated that reforms need to continue being developed \u201Cat all government levels\u201D.. \u201CPrime Minister Rajoy informed me about the cooperation of the Autonomous Communities [in carrying out the structural reforms], and I believe it is a close cooperation\u201D, the Chancellor stated. Merkel added that \u201Cthis is very important information\u201D, as \u201Coften, when we travel back to Germany, we are asked about this\u201D, she added. Merkel insisted that the reforms being developed at a Spanish and Autonomous Community level \u201Cwill enable the restoration of trust\u201D by the international markets.