Der Spiegel predicts: A "total rescue" will be the end of Rajoy

Der Spiegel and attacks the Spanish government Spain is not Greece

The Spanish are naked, helpless and defenseless against our government according to Der Spiegel

                                 Image: AFP

The German weekly Der Spiegel spoke in a review article on the Spanish reality referring to the image of disability and low solvency about Spanish Prime Minister, Mariano Rajoy, who has squandered in just six months all of its political baggage. He even hinted that Rajoy is a hysterical annoying with their desperate calls to its European partners.

Literally says that "the Spanish political bankruptcy is a problem more to be added" to the already long list of problems the country. Notes that this is not the best for the fourth economy in the euro zone, or offers the image of country solvent and reliable partner of the EU.

The weekly criticizing spanish president and government for the lack of a policy of communication, not to have come to reassure people and markets with speeches on TV and said that "Rajoy is irritating to its European partners with frantic phone calls" .

"This behavior does not inspire confidence. Looks more like a declaration of political bankruptcy." Also critical that while some government ministers constantly contradict, in his speech and image including giving little unity and solvency.

He says the government has "an inability to coordinate economic policy and to explain the reasoning behind the actions taken by the government" continued his lies have angered the population. Indicates if there is a total baylout and become the feared black men, will be the end of the political career of Rajoy. Not indicate whether this means that there will be a government of technocrats or a relay inside the PP itself.

Also criticized the neoliberal policies that inflated the housing bubble over, and the European Union not to keep a tight check on European aid granted to the country in recent decades. According to Der Spiegel, eurpeos funds have failed to modernize the country, but to build enormous unnecessary infrastructure, in order for an inefficient political class. Notes that the country has failed to be competitive and has lived under a state protectionism too, inherited from the era of dictatorship, 40 years ago.

He praises the patience that are taking the Spanish despite the difficulties and notes that only in late July increased protests and strikes, which foresees happening again in September after the August parentheses. Notes the towering unemployment rates and concludes that this social environment of instability and protests will be increased an additional problem.

Indicates that the Spanish are not willing to accept cuts in pensions and health: "The Spanish are not willing to accept without question the idea that the weaker members of society must be deprived of the social safety net, but are expressing their dissatisfaction without being aggressive. In Spain, unlike Greece, the demonstrations have been held without violence. "

"Is this a stable, reliable partner European Union this often praised as the alliance of" southern anchor ", the fourth largest economy in the euro zone after Germany, France and Italy, at a crossroads? And it could not even see a return to the times authoritarian, nationalist, 37 years after the death of former dictator Francisco Franco? "write Der Spiegel.

Also a brief review of the "anti European history" of the country, from the sixteenth century with some ultra-conservative power structures that have traditionally plugged all innovation and all social or economic progress, indicating that all enlightened and modern coming from Europe for centuries has been seen as anti Spanish.

It notes that "this attitude reached its climax unhappy expeditions to ensure brutal colonial rule and the Inquisition, during which unimaginable atrocities committed in the name of the church. They were also a deliberate rejection of Europe."

But there is also a positive side. Der Spiegel believes that Spain is not Greece, which has a high interest as a holiday destination for Germans, a paradise of beaches, monuments, culture and history and has a multinational and very important assets for investors, citing the bank Santander as the best bank in the world in 2012, companies such as Inditex, or Telefonica. However also notes that long innovation and technology has been forgotten.

To Der Spiegel, the main problem are the Spanish banks.

"Premiums of great interest to the Spanish government bonds in international markets are not based on fundamentals, as German Finance Minister, Wolfgang Schäuble, said last Tuesday during a meeting in Berlin with his Spanish counterpart. Main problem Spain is liquidity, particularly with their banks. "


 Along with its ally, Rajoy plans to develop a new strategy to apply pressure to Chancellor Merkel. Facing south and north of Europe together. The same day, Draghi will have to explain to their colleagues in the Council of the ECB as its offer to print money is supposed to work.