The government of Spain despite its horrible 24 % plus unemployment rate continues to implement further austerity policies . This guarantees a deeper and profound recession that damages the life chances of a quarter or more of the Spanish population. Spain is a country that has suffered plenty in the last century.When I first visited it in 1968 I was struck by the warmth of its people, the deep authoritarian character of the Franco regime, the scars of the civil war, the promise of its beautiful urban centres, the extent of poverty in parts of the countryside. Once Franco was gone and democracy restored I expected great progressive strides from this proud and troubled land. It had become for a period of time a country of considerable promise. But the out of control property bubble , the Spanish banking crisis and the precisely wrong policies implemented in an effort to escape the crisis have guaranteed a lost decade in Spain . The European policy making elite illusion that austerity will sufficiently lower wages to revive the slumping economy is demonstrably wrong headed but still not yet abandoned. It needs to be for the sake of Spain and for all of Europe.
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