Spain’s budget minister has presented an optimistic assessment of the country’s economy, putting on a brave face over the latest gloomy figures.
Cristóbal Montoro was speaking to parliament where he outlined the budget for 2013 to MPs.
News that the Spanish economy has shrunk again has added to pressure on the government to seek more European aid.
The minister predicted that new measures would make a difference.
“It’s possible that next year will be the last year of economic recession in Spain, the year when we start creating jobs,” he said.
He also had this message for the opposition: “Stop saying something that is not true, that this budget is not socially oriented. On the contrary, it’s the most socially oriented ever under Spanish democracy.”
The right-wing government of Mariano Rajoy has launched a vast austerity programme to try to slash the budget deficit over three years.
The opposition strongly contested the minister’s interpretation.
“I would say that Montoro’s speech was a big lie, it was full of lies, it was a very deceitful budget, because the macroeconomic picture is being manipulated, it’s not true. Nobody believes it,” said Soraya Rodríguez of the Socialist Party.
After the budget speech there were quick signs of an angry reaction, in a country that has been in recession since late last year and where one in four is unemployed.
Protesters gathered near the parliament in Madrid, where security has been tightened in the aftermath of recent violence.
Copyright © 2014 euronewsMore about:
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3China executes eight Muslims convicted of terrorism | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Everything you need to know about the Ebola virus | euronews, world news
- 6Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 7Massive Swedish forest fire is declared a national emergency | euronews, world news
- 8Risk of fresh ash cloud threatens European air travel | euronews, world news
- 9Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 10Beyond the subconscious | euronews, futuris
- 11Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 12Romania buys into bitcoin big time | euronews, corporate
- 13Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 14Poland wants compensation from the EU for Russian import ban | euronews, world news
- 15EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 16Portugal hopes to become a pensioner’s paradise with zero tax offer | euronews, reporter
- 17A robot that grows | euronews, futuris
- 18Malta opera star Joseph Calleja’s summer concert draws big crowd | euronews, le mag
- 19Turkey’s women have the last laugh | euronews, world news
- 20Greek farmers suffer in economic war between Russia and EU | euronews, economy
Wires > News
- 10:48 CET New French economy minister pledges end to infighting
- 10:22 CET U.S. suspect in Bali suitcase murder of mother appoints new lawyer
- 10:11 CET Turkey’s Erdogan says new cabinet to be announced on Friday
- 09:45 CET Japan PM Abe sent condolences to memorial for convicted war…
- 09:40 CET Afghan election audit disrupted as candidate threatens to walk out
- 07:54 CET American released by Syrian militants excited to be free, mother…
- 06:38 CET Colombian drug lord Pablo Escobar’s chief assassin freed from jail
- 05:45 CET Poroshenko to seek ceasefire after ‘very tough’ talks with Putin