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IPFS News Link • Economy - International

Varoufakis: Spain Could Become Greece if Austerity Persists

• http://www.telesurtv.net

If Spain imposes new austerity measures, the country is likely to be the new Greece, former Greek Finance Minister Yanis Varoufakis told the Spanish newspaper El Pais Sunday.

"Spaniards need to look at their own economic and social situation and based on that evaluate what their country needs, independently of what happens in Greece or wherever," he told the paper.

"The danger of becoming Greece is always there and it will become reality if the same mistakes that were imposed on Greece are repeated," he added.

His comments come as right-wing groups have increasingly blamed the current economic crisis in Greece on the country's ruling anti-austerity government Syriza, in an attempt to demonize Spain's counterpart, the Podemos party, ahead of parliamentary elections this December.

Spanish Prime Minister Mariano Rajoy has used the Greek crisis to promote his own government's crisis management, and said that if Podemos – a close ally of Greece's left-wing Syriza government –  comes into power, the country will plunge back into recession.   


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