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Europe, Spain

ECB plan is to rescue German banks not Spain, says radical left

The European Central Bank’s bond-buying programme is actually a German banking rescue not a rescue of the Spanish people, United Left economic spokesman, Alberto Garzón, said Thursday.

It was important to know the conditions of the ECB’s programme, to know how much Spanish citizens will have to pay to save German banks, argued Garzón, La Nueva Tribuna reported.

According to Garzon, it was clear that Spain would eventually ask for a rescue and it was ‘surprising’ that had not been discussed in the Spanish Parliament and in the European Parliament . ‘What really matters is we know the conditions of this fake rescue,’ he said.

About revoltingeurope

Writer on Europe's Left, trade union and social movements @tomgilltweets or @revoltingeurope

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Subjects

THE EURO

The Dossier

FRANCE

GERMANY

GREECE

ITALY

PORTUGAL

SPAIN