07/09/2012
_ Insists on the necessity of “creating a Deposit Guarantee Fund to guarantee that all euro member countries share the same conditions”
_ On the ECB announcements.- “The decision is good, but it’s not a question of words, but rather of facts”
_ “Spain is solvent, it may have liquidity problems, but it is solvent”
_ Monti, Trichet, Van Rompuy, Napolitano and Peres also at the Forum
The former Prime Minister of Spain and President of FAES Foundation, José María Aznar, participated last September 7, in Italy, at the 38th edition of the Ambrosetti Forum, which he has attended for nine consecutive years. Aznar declared that "The future of the European Union needs more flexibility and discipline". He also insisted on the necessity of "creating a Deposit Guarantee Fund to guarantee that all member countries share the same conditions, because if a euro has a different value in each country, then it will not be sustainable".
During his address, Aznar referred to the ECB's previous day's announcement about launching an Unlimited Bond-Buying Program on the secondary market. "The decision is good, but it's not a question of words, but rather of facts", he stressed.
Aznar also stated that "Spain is a solvent country, it may have liquidity problems, but it is solvent". "Spain needs to modernise the country, more flexibility and more discipline", he stated. He also added that "Spain's two major problems right now are the State model, because it doesn't work and it has to be reformed, and the Welfare State, because it's unsustainable".
During his participation at the table called "The Economic Outlook", the former Prime Minister of Spain also noted that "The future is not just on the Pacific axis, but also on the Atlantic one, the four pillars of which are North America, South America, part of Africa and Europe".
Also participating at the this edition of the Ambrosetti Forum, held each year on the Italian region of Cernobbio, were the Presidents of the Republic of Italy, Giorgio Napolitano; and of Israel, Shimon Peres; the Prime Minister of Italy, Mario Monti; the President of the European Council, Herman Van Rompuy; the former President of the ECB, Jean-Claude Trichet; the vice-presidents of the European Commission, Olli Rehn and Antonio Tajani; and US senators John McCain and Joe Lieberman.