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Spain/EU/economy

Published on March 27, 2012
Excerpts from the interview given by Alain Juppé, Ministre d’Etat, Minister of Foreign and European Affairs, to Radio Classique and Public Sénat

Paris, March 27, 2012

(…)

Q. – You mentioned Spain a moment ago. Are you worried about the economic situation in Spain? I’m talking about the debt problems.

THE MINISTER – Yes, Spain is having trouble keeping to her targets. So along with our European partners, we must be vigilant and try to help her get out of this very bad patch. The state of the Spanish economy is much worse than ours – unemployment in particular. (…)

Today, the Euro Area is in the process of emerging from the crisis. You have to see that the markets are stabilizing, that the countries in crisis – Spain has difficulties, we saw that just now – are implementing extremely serious programmes, Italy in particular. Look at what’s happening on the markets: things are calming down. (…) I was listening just now to your guest (…) who was talking about the explosion of the Euro Area and was quick to say it would be an absolute disaster for France if it was necessary to leave the Euro Area. So let’s try and strengthen the Euro Area, as we’ve been doing.

It’s taken time, because there are 27 of us member states – 25 if you count those who haven’t signed the treaties – but we’ve got there. It really is an achievement that mustn’t today be called into question. (…)./.

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