The crisis is federal

Financial Times has published another article about the Spanish economy where they say to the Government of less nice everything. The Bible of City Londinense transforms again in the vindictive god of the ancient testament and, after the flirtatious comments that he dedicated to the Shoemaker's Executive after the visit of Helen Salgado, it returns to the criticism. In only one month, Spain first was a potentially more serious “drama” than Greece; eight days later, we turn in a country “better Prepared than the United Kingdom” to confront the crisis; and now, three weeks later, we are a small country again of giving credit. “The markets prepare themselves to punish Spain”, it titled the Financial Times on Sunday in one of these dangerous predictions that are fulfilled alone.

In spite of everything, they have something of reason in London, where from they indicate three problems in the plan of austerity of the Government. The first one, that his economic forecasts are too optimistic. The second one, that most of the public expenditure is in hands of the autonomies and the town halls, not of the Government. The third one, that the Socialists lack the political will necessary to carry out it.

The points one and three are debatable, even more when those who put the finger on these ulcers are the same that nothing does they were praising both to the doctor and to his recipe. But the second problem is an obviousness that in Spain forgets constantly. We deceive ourselves with the name. But, beyond the euphemism of the "autonomies", the true thing is that we live in the federal state, where big part of the weapon to reactivate the economy – now when the central bank is in Fráncfort – has the autonomic governments. That's why the contest of the PP is so important against the crisis; that's why his position is so irresponsible.