Leonel warns about 'outraged'

President Leonel Fernandez last night discussed the economic situation affecting Britain and other European countries, to participate in the meeting "the future of the eurozone and the evolution of the current economic cycle: from the banking crisis to the sovereign debt problems".

In his speech, Fernandez said that in the rest of Europe the implementation of adjustment policies aimed at reducing the deficit and the payment of the debt, has led to a seizure social movement "Los incensed", which may finally end up in an issue of democratic governance crisis.

"Say by history, that the European model is always the German concern of hyperinflation and that therefore if it is upside down, that is a stimulus spending, it will produce this phenomenon", said.

Activity took place in the Global Foundation for democracy and development (Funglode) which said that "on the other hand, it could be" u000a"effectively in a world where what prevails is the funding, the fact that German banks are the main creditors of debts that appear to be unpayable, are more interested in pushing the fact of adjustment to make it pay, precisely, the Central Bank".

The representative added that then should be thinking about to encourage new political stimulus spending, but oriented towards the productive sector and to infrastructure development.

"There is talk of investment in renewable energy, mass rapid transport and go back to a phenomenon of industrialization," added.

Fernández said that economies that are not growing and implementing adjustment policies, they are creating social discontent, which sometimes leads to confrontation policy.

Event
Fernandez spearheaded last night also the presentation of the report state of the future 2011 and Panel "Challenges global 2012" which took place at Funglode, u000ain which the doctors Jerome C. Glenn, José Luis Cordeiro and Ramón Tamames, presented the challenges global 2012 panel.

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