The president of the European Central Bank, Christine Lagarde, has disavowed and disqualified the debt cancellation proposal made by, among others, the president of the PSOE, Cristina Narbona, and Podemos, even more harshly than the vice president, Luis de Guindos, Lagarde he assured the

Journal du Dimanche

this Sunday

that such a proposal "is implantable" and condemns its authors and advises them to make good use of European funds.

"If the energy that is expended in requesting the cancellation of the debt by the ECB were devoted to a debate on the use of this debt, it

would be much more useful! What will public spending go to? In which sectors of the future investing? That is the key question today

. "

The proposal that the ECB forgive the debt in exchange for a commitment by the States to invest in "ecological and social reconstruction" is promoted by the French economist, Thomas Piketty and signed by a hundred economists, including the president of the PSOE , Cristina Narbona, and the Secretary of State for Social Rights and economic brain of Podemos, Nacho Álvarez.

In the case of Spain, the forgiveness would be 300,000 million.

Lagarde agrees with De Guindos on the illegality of the plan.

"It would be a violation of the European Treaty that strictly prohibits the monetary financing of the States. This rule is one of the pillars of the euro."

And he maintains that the money will be returned if it is used well.

"All countries in the euro zone will emerge from this crisis with high levels of debt, but there is no doubt that they will be able to pay it back. Debts are managed over time. Investments in sectors that are crucial for the future will lead to higher growth. ".

In his opinion, "the recovery will create jobs and, therefore, federate. We are moving towards another economy, more digital, greener, more committed to climate change and maintaining biodiversity",

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  • PSOE

  • Cristina Narbona

  • We can

  • Luis de Guindos

  • Christine Lagarde

  • Nacho Alvarez Peralta

  • Spain

DEBT The ECB dismisses as "illegal" and "meaningless" the petition to forgive debt signed by the president of the PSOE and Podemos

INDEBTEDNESS The president of the PSOE and Podemos ask the ECB to forgive 300,000 million loaned to Spain in a European forgiveness plan

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