Citation

Padilla EC. Problemas del Desarrollo 2011; 42(166): 37-62.

Copyright

(Copyright © 2011)

DOI

unavailable

PMID

unavailable

Abstract

In the context of the present global crisis, the impositions of the European Central Bank (ecb) and the International Monetary Fund (imf), mainly with respect to the control of the budget deficit and the need for new structural reforms in the public pension system and the labor market, are a species of "economic suicide" for the peripheral countries of the European Union (eu), among which is Spain. These policies will condemn Spain to a long period of recession and high unemployment, which leads us to affirm that, if these policies not changed, Spain will experience its own "Lost Decade".

Language: en

Keywords

Spain; Crisis; Deficit; ECB; European union