This discussion is a continuation of the debate that took place at the GEF Summer University in Spain last month, where participants from across Europe shared their views on how the EU could return to its progressive roots and become a vehicle for Green change.
Equo has now brought together Greens from all of Spain's regions (in Catalonia, Equo have reached an agreement with EGP members ICV, who will continue to fly the Green flag in the region). The dream of uniting Spanish Greens into a force for ecological politics that takes strength from its diversity has been renewed.
Market and media focus is once again on the Spanish economy. However rather than focus on Spain’s overall public debt,is it smarter to look at a bailout tailored just for its banks? A leading German and Spanish Green politicians discuss this prospect, and whether it can become reality.
The German government opposes a possible Banking Union. Meanwhile, the Spanish government is not even able to hold the shareholders of banks accountable for the grave situation and is committed to cuts in essential services that have nothing to do with the current banking crisis and cannot help in resolving it.
"Today’s decision is a step forward towards clarifying and consolidating the Spanish Green political panorama, an independent option very much needed in these times of global crisis,” said Monica Frassoni and Philippe Lamberts, co-chairs of the EGP.
This article aims to analyse the consequences of the structural reforms and expenditure cuts in Spain. It starts from a theoretical debate of why are these measures taken, continues with the details on the reforms and discussing whether Spain is going to achieve the EU deficit objectives, and finishes proposing a change in the approach at Spanish and EU level.