When last May 12, 2010 President Zapatero had to take a series of economic measures consistent r educe the salaries of public sector staff by 5% on average and 15% for senior ministers and other charges as he did for fun. The goal then was to reduce the deficit by 5.2% in two years, 11.2% was 6%. This obviously addition to having to reduce the English State, also had to help the Autonomous Communities, which are designed to share the big cake of expenditure towards the citizens.
So what Zapatero did not do it willingly, knowing that generate a lot of unrest among the citizenry, as if he was underpaid, over lowered payroll, (although at least he did equal for all). So why the Government took these measures?. The reason given was that because the market demanded it. Are the markets? What about those who are? Is the capital?. "Zapatero on his knees before the capital?.
Keep in mind that when these expenses were incurred to pay the debt of the banks that they in turn had contracted with citizens or other debt buying foreign banks, which made the end of the state was to make private debt into public debt.
Who are or what are these markets?
To sum up and learn, these markets after all are people are people representing businesses and people with money. These are people who well may have bought shares in companies in Spain, or mainly, are those who have bought our debt and state banks, namely: that the state can do some work, then issues debt, and says it needs money and requests, and to whom they lend it will return and give something of interest. Thus the debt they buy these markets is money that has to be given back because they have put it before, and they are people who look much stock indices (the bag) to see how business works and see if unemployment rises or falls, etc. ..
To illustrate this, I put a piece (perhaps the most interesting) film "The Competitor" with Chete Lera and Leonardo Svaraglia, so we can understand something of how banks work and the system of loans and interest.
If anyone liked this part, to look at this another
Within this great deception that is economic globalization, and returning those who buy debt from Spain ... (As elsewhere) these people think or expect to recover over time and that interest money promised, and have so much money they have concerns about what will happen, and seeing how are some countries that do not raise head, and the rumors on Spain also, the high number of unemployed the uncertain chances of economic growth, which had to bail out banks and the economy in Plan E, or dramatically increasing the subsidy for long-term unemployed, because they worry that in our economy there holes as in Greek, so if it does not "force" to those countries to do certain things, then at least give some indication from the power that comes from being who put up the money for us to function. And so, if they think that they will not recover your money, then ask to do something about the economies of those countries.
So one of the things they ask is to reduce costs, and within those costs, a country, a central government has the resources it has, and while one could put on and say it's going to put labor inspectors to monitor and pursue economic and black money circulating in Spain, which represents between 19% and 23.3% of GDP (about 244 918 000 euros) but no, even a lot of money, that would be interesting, but it is an effective measure that can be tested reliably from one day to another, it's like chasing thieves, like the rogue that just does not.
However the government says it will reduce the salary of civil servants is something measurable and verifiable then something with numbers, and that really shows them that there is no intention to change and returning the money, anyway, because officials have checked and they know who they are and reducing them will. You want to paint then as the other sectors had already paid in their flesh the crisis and we must be supportive, well, it is possible, but the real reason is that the first people to plunder the state can not spend that much.
Iñaki Gabilondo Just get it explain it better than me. (July 2010)
And if despite all this we still do not understand, though not I a big fan of Angus, I'll put this video is pretty conclusive as to who are the famous markets these and why not send enough to win elections even occur to them, can and do determine the economic future of a country.
