Spain’s former president Felipe Gonzalez said that Latin American countries which in the eighties suffered financial problems because of the debt crisis are now looking on the European economic situation with “some joy”.
“This is particularly outstanding towards the apparent EU impotence to resolve the Euro debt situation”, said Gonzalez.
Addressing an international forum organized by the Ideas Foundation linked to the Spanish Socialist party, Gonzalez said that was the impression he brought back following a recent trip to South American where he met with politicians, trade unionists and business leaders.
“They are looking at the EU and US situations with ‘some joy’. Those ‘kinder-garden’ teachers who dictated to us in the eighties, when the debt crisis, now seem incapable of finding a way out to their own debt situation is the attitude”, remarked Gonzalez.
He added that many Latin American countries are surprised that Europe has not gone to them for advice when “they hold several Masters Degrees in financial crisis management”.
The former Spanish official said only a few days ago he visited Argentina where politicians and business leaders were ‘enjoying’ the difficulties Europe is facing to overcome the current situation.
I told them, “please let’s hope this pleasure is like the culmination of an erotic satisfaction: intense but short lived”.
He added his words were not out of solidarity or selfishness but following that moment if the European economy contracts, as it is happening and contagion reaches the US, as it is happening, “we’re going to have a global pandemic effect”.
Because, said Gonzalez it is inevitable that if the EU and US demands contract, “emerging economies will suffer”.