Bank of Spain governor Luis Maria Linde offers support for government

THE governor of the Bank of Spain Luis Maria Linde has publicly supported the current government’s economic policies and indicated there could be a number of risks should there be a change of course in the lead up to or following the forthcoming general election which must be held on or before December 20 of this year.

He believes that fiscal consolidation will “stabilise the levels of public indebtedness and then reduce it.” He also made it clear that he supported Spain’s labour reforms as they would make the labour market more flexible and potentially lead to a rise in employment.

In addition, the country needs to recover through a combination of employment, investment and exports.