Podemos "Economic Manifesto" Calls for Debt Restructuring, Spain to Abandon the "Euro Trap"

Podemos "Economic Manifesto" Calls for Debt Restructuring, Spain to Abandon the "Euro Trap"

December 1, 2014 0 By News Desk
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Via translation from Libre Mercado, Podemos Admits Its Economic program Unfeasible Under Current Euro . Globalization and National Sovereignty Incompatible The document includes harsh criticism of globalization, stating  " democracy, national sovereignty and global economic integration are mutually incompatible. " Euro Trap "Besides being quite integrated into the global economy, Spain is mostly integrated in the euro monetary union and this also represents a first order constraint when developing an economic program of government." "Our membership of the single European currency means, as is well known, that do not have essential instruments of economic policy, as control over the amount of money or the external value of the currency

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Podemos "Economic Manifesto" Calls for Debt Restructuring, Spain to Abandon the "Euro Trap"