Spanish Government on 11th issues the statement, pledged continues to carry out the financial contraction policy and the economic reform.The analyst believed, the Spanish macroscopic economy and the financial condition worsen the tendency short time still with difficulty reversed.
　　 Public debt GDP occupies the ratio to rise 10%
　　 Spain on 10th will announce will seek the aid for our country banking industry's capital reorganization to the Euro sector, a euro group will prepare for this to provide does not surpass 100,000,000,000 euros (to be equal to 125,000,000,000 US dollars approximately) the fund, this numeral meant the Spanish public debt will occupy GDP (GDP) the proportion to increase about 10 percentage points.
　　 In order to eliminate the outside to reduce the measure and the public financial deficit anxiety, Spanish Ministry of economic affairs and Ministry of Finance issue the joint statement at the same day, not only emphasizes the aid fund not to be able to weaken the Spanish public debt the existing condition, instead can strengthen Spain to reimburse ability.
　　 It is stated in the statement that, will aid improves the Spanish finance system, reduces debt risk which because the next country the banking industry crisis will deepen possibly suffers, then will consolidate the Spanish public debt the sustainable condition.At the same time, Spanish Government will continue to fulfill to the capital market pledge, the implementation finance reduces, impels the economic structure reform.
　　 The statement stressed that, the euro group's aid only attached in view of banking industry's constraint condition, Spanish Government has not needed to make the extra contraction pledge.
　　 Three big reforms “asked examines” the public account
　　 Spanish prime minister pulls the Huo Iraq on 10th to indicate that, the Euro sector announced provides the financial aid fund to Spain, explained Spain has won the euro group partner and the international finance organization's trust.
　　 However the analyst believed, although the financial aid may comfort the market mood temporarily, for restores the confidence to win the time, but the Spanish macroscopic economy and the financial condition worsen the tendency short time still with difficulty reversed.Spain must go out the crisis mire, but also must treat the symptoms and the causes.
　　 Spanish Government also extremely is regarding this clear.Pulls the Huo Iraq on 10th to point out that, government's goal is promotes the economical growth and the enhancement employment, for this need through the constitutive reform, the labor market reform and the financial system reform enhances the flexibility and competitiveness, balanced budget, guarantee public account health.
　　 International when comments
　　 The introduction “the American mentality” rescues Europe
　　 European Union recently announced serves with the direct aid to Spanish Banking industry, also does not attach political conditions and so on financial contraction and structure reform west, also does not avoid the government ratio of debt to net worth enhancement through Spanish Government.This procedure with European Union before this to Greek, Portuguese and Ireland's aid has is very greatly different, may say to a certain extent was introduces and has profited from “the American mentality”.
　　 Because the system and the internal and external environment is different, facing the crisis, before this US and Europe should be very big to the mentality difference.When the financial crisis raids, US carries out the positive intervention principle, the currency financial policy employs two methods to achieve one goal, emphasized eliminates the market by the forward-looking policy to be panic.But when the debt crisis raids, Europe continuously is actually passive should to, the finance reduces at the same time monetary policy does not hesitate front, the result is led by the nose by the market, the crisis is increasingly fierce.
　　 This time rescued Spain the way extremely to be similar actually to the same year US.Beginning the US financial crisis erupted has set up the total amount 700,000,000,000 US dollar rescue plans, stretched out to several hundred banks aids, finally could avoid the banking industry crisis chain-reaction, also helped the bank system to restore the credit, the stimulation economy effectively.The American Ministry of Finance estimated that, should plan has preserved 8,500,000 employment posts successfully, avoided the economy falling into declines greatly.
　　 More importantly, such rescue afterwards the proof was business which makes money.Has provided in US's Ministry of Finance in 415,000,000,000 US dollar not good property rescue gold, took back 338,000,000,000 US dollars until now, has surpassed 10,000,000,000 US dollars to banking industry's rescue profit.
　　 The European debt crisis evolves until now, Europe it may be said already racked brains, learned from experienced people imperative to the world other economies.Many economists believed that, only speaking of the American mentality, then some many is worth the European bold introduction and the model place of.
　　 Among them, a quite intense call, then is hoped Europe imitates US to appear the more positive banking system rescue plan, breaks the border bamboo fence, carries on the unification to the Euro sector bank to supervise and manage and to unify the rescue; Simultaneously studies US's federation deposit issurance system, avoids the heavy debt country run on a bank and the fund escapes, stable depositor confidence.Along this mentality, Euro sector should finally establish collection supervising and managing, the rescue and the deposit insurance is a body “the bank alliance”.
　　 In the monetary policy, many economists also advocated that, the European central bank should undertake “the final lender” radically the role, through infinite measures land provides the fluidity to eliminate the market panic mood.In financial policy, then should give dual attention to well reduces the red goal and the short-term economy stimulation goal for a long time, in guarantees under the long-term reform pledge premise, relaxes the short-term financial discipline suitably, by is restored gradually the economy to the benign growth track.In addition, but also should appear the forward-looking as soon as possible euro bond plan, avoids the debt stubborn illness procrastinating the relapse.In these positions, the active American mentality is clearly discernible.



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