Mariano Rajoy Insists There Will be No Bailout for Spain

While speaking in Warsaw during a press conference with the Polish Prime Minister, Donald Tusk, the President of the Government, Mariano Rajoy, stressed that this is an extraordinarily important time for Europe and that the effects of the economic crisis are demanding joint efforts to regain confidence and encourage growth and job creation.

In this regard, he called for caution, responsibility and common sense, saying there is no need to cause alarm or exaggerate.

Mariano Rajoy reiterated that the Government of Spain will continue with its reforms and warned against “unjustified alarm”.

“Nobody has started talking about a bailout for Spain and nor will they have to, so I call for caution and common sense”, he added.

The President of the Government went on to say that he had no specific audience in mind when calling for caution. “I am not going to involve myself in controversy with any other world leaders. I received a call from Mario Monti during which he told me that he did not say what he was reported to have said. We should therefore make the smart decision and focus ourselves on what needs to be done: meeting our commitments with political will, decisiveness and courage to implement the reforms. There is bound to be a certain lack of understanding and criticism but we are also fully aware that that is why the people of Spain have chosen us to sort out the problems”, he explained.

Unprecedented measures

At the joint press conference that followed the Poland-Spain Summit, the President of the Government recalled the raft of “unprecedented measures” implemented by the Government of Spain in only one hundred days and defended the need to not only reduce the deficit and public debt but also to implement other structural reforms that will lead to economic growth.

Mariano Rajoy said he is in favour of making decisions because “the worst thing a Government can do is do nothing which leads to stagnation”. Although some of the measures are “tough and uncomfortable”, they represent “the seeds of tomorrow’s growth” and that whoever fails to implement reforms in Europe “will be left behind”.

“Spain and the Spanish people”, said the President of the Government, “are committed to a united, supportive and cohesive Europe” and “we are glad to hear things are going well for others”, such as in Poland with its admirable economic growth.

Mariano Rajoy highlighted that both Poland and Spain are assuming their responsibilities and meeting their commitments, but not because they are being forced to by European institutions or the markets but rather because they are convinced that healthy public finances and structural reforms are essential.

Reforms agreed with the autonomous regions

As regards the announced education and healthcare reforms, he stressed that “they will be agreed between the autonomous regions and the Government and will be approved this month by the Council of Ministers”. The Government website La Moncloa reported that Mariano Rajoy reiterated that “we are not going to make cut-backs but rather reforms” and emphasised that education and healthcare form part of the reform package being implemented by the Government.