The Dutch financial prestigious Willem Buiter, recently appointed chief economist at Citigroup New York investor, is pessimistic about the future of our economy. In his view, growth will still take two years to arrive, and may be delayed even longer, depending on the size of government. In the words
granted an interview to El Mundo, published in the Sunday edition, Buiter is concerned by the English economy. In particular, notes that Spain has two main problems: employment and the excesses committed by the regional model. A dark future
In his view, the English economy will not grow in the next two years, and "if it takes more than necessary "to take action," the debt will continue to grow and credibility of Spain in the market weakened. "And," if Spain wants to have sustainable growth in the medium term, the best thing to do is have a control over their debt, "he says.
The tax increase can create more problems
However, Buiter encourages the government to remain cautious in its reforms. The employer is particularly concerned by the announced tax increases, because" strong tax reform may reduce competitiveness in the country. "
For the entrepreneur," The tax consequences of the crisis are already being noticed, so that both Europe and Spain only three alternatives: pain, bankruptcy or inflation. "However, it considers that there are countries worse off than ours, like Greece." The English debt is cyclical and not structural as in Greece, "but also" is troubling and have increased compared to its initial position.
http://www.eleconomista.es/economia/noticias/1874560/01/10/Espana-tiene-tres-alternativas-dolor-quiebra-o-inflacion.html
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