The Minister of Development, Ana Pastor, said today that the loan of up to 100,000 million euros to the Spanish financial sector is “very positive” because it implies that Europe is “confident and believes in us and for the euro”.
During a breakfast briefing organized by Europa Press, the Minister of Public Works has considered that in Europe “believe that we are able to get out of this situation.”
This “is positive because the situation is very complex,” he added, since the lack of liquidity “can crash the system.”
He assured that the Government’s objective is to work for Spain to return to economic growth and job creation and it has carried out many reforms.
This, added that “there is a before and after” of the reform of budgetary stability, labor reform or restructuring the public sector.
“The events of recent days do nothing but reinforce it.” “We have a great country with solid pillars,” added Shepherd.
The help of Brussels is “a line of credit, a loan” to financial institutions and it is they “who have to return it,” he pointed to the minister, while he assured that “70% of the financial sector is strong” .
The Minister of Public Works has indicated that Spain will address the recapitalization of the financial sector “in work, effort and dose of confidence.”
Regarding the requests launched by different political and social actors to appear the prime minister, Mariano Rajoy, the Minister of Public Works has said that already do “with any regularity and normality in Parliament, the media and in national and international forums. ”
“Some people and there are to speculate who is dedicated to work,” he highlighted. “This is the time to pitch in and work to build trust financial institutions in Spain and abroad.”