Díaz believes that the ECB’s policy in the face of inflation is a "mistake" and commitment to protect salaries: "europe is late"

Criticizes that the rise in interest rates “enriches financial institutions” and demands a “change of model” in energy policies

VALENCIA, Sep. 24 () –

The Second Vice President of the Government of Spain and Minister of Labor, Yolanda Díaz, has opted for a “change of model” in energy policies that “cause inflation” and has defended a “multiple” action to “protect wages and the productive fabric ” and allocate the public resources that “are necessary” in the face of a “future crisis”. “Europe is late”, she lamented.

Díaz has described as “error” the policy of the European Central Bank with a rise in interest rates that “makes mortgages more expensive and increases the financing costs of companies.” Thus, he has claimed that the solution to the current crisis “cannot come out of this financial policy of the ECB” and has been “concerned” because with this measure “financial entities become rich again” through an “economic transfer from citizens” .

Diaz spoke in these terms this Saturday during his participation in Valencia in one of the events marking the 10th anniversary of eldiario.es, in which he defended that the “positive point” of the management, “both of the European Union as of the Government of Spain”, of the crisis of the pandemic and that caused by the war between Russia and Ukraine is that “public policies have been practiced and designed that have gone in the opposite direction to the previous ones”.

“We are abandoning the neoliberal mantra that has caused so much pain in the management of the financial crisis in which Spain reached 27 percent unemployment with more than six million Spanish men and women”, he stated, and assured that currently the The Executive is committed to “different policies with a new language that abandons certain dogmas of faith.” “No one disputes that the SMI is effective against poverty and efficient in economic terms,” ​​she added.

However, it has also been “concerned” about the “uncertainties” of these crises. “There are leaders who affirm that they are going to practice policies that are going to cause a lot of pain and I think that is a mistake”, she has valued. “I do not agree that huge sacrifices have to be made, because if as vice president I transmit to the population that I am going to cause pain, what is politics worth?” She has questioned her.

THE ECB’S POLICY IS AN “ERROR”

“It is a mistake the policy of the European Central Bank that follows the federal reserve and above all with a negative rise that makes mortgages more expensive in our country and increases financing costs for small businesses and companies,” he criticized.

“I am worried because with the rise in the interest rate, the large financial entities become rich again and there is an economic transfer from the citizens to these entities”, she lamented, while warning that the way out of this crisis “cannot come out of this financial policy of the ECB”.

In the opinion of the second vice-president, the “error that the ECB commits” is to understand “this crisis as a demand crisis”. “It is not caused by wages, but by Russia’s use of gas as a weapon”, he maintained and, in this sense, pointed out that in order to face the increase in energy prices and, consequently, food prices “recipes are needed in economic terms that should not be the same as in the face of a demand crisis”.

“PUBLIC CLIMATE POLICIES”

Thus, he has celebrated that the Government of Spain and the European Union, “although it is late”, must “continue with the determined advance of economic decarbonization”. “There is no going back, public policies have to be climate-oriented,” he has declared, and has censured those measures that incorporate carbon, gas or nuclear energy in Europe are “bad news.”

“The climate and environmental emergency is not questionable, and we must commit to the comprehensive decarbonization of the economy, renewable energies and a fair food transition, in which we consume less meat and more extensive agriculture”, he stressed, while denounced that in Spain “the right to mobility is not respected”.

Díaz has asserted that at this time there is an “essential opportunity” to “change the production model to a sustainable industry, generate new quality jobs and change the consumption model.” “It is not a catastrophe”, he has valued her, although he has stressed that Europe makes a “mistake” with the “energy taxonomy”. “If, as a consequence of the crisis over the war in Ukraine, we decided to take a step back, it seems to me that we were not wrong,” she said.

“STRATEGIC AUTONOMY OF EUROPE”

In this line, he lamented that “he misses” talking about a “strategic autonomy in Europe”, for which he has advocated building a security policy “of his own, autonomous and well thought out on the continent”. “It is not about returning to a bipolar world, but Europe’s commitment has to be for its own position”, he reiterated.

Regarding the Russian invasion of Ukraine, he stressed that “Russia has violated international law.” “She must withdraw because she has illegally invaded a country”, she has asserted, and has shown her “solidarity” with the Ukrainian people and with all those Russians who go out to demonstrate. “Every effort must be made so that in this new phase of war we advance in a policy of peace and diplomacy,” she affirmed.

HUMAN RIGHTS, “NOT RELATIVIZABLE”

Asked if one should be radical in the defense of human rights, Yolanda Díaz assured that “you have to be radical” because human rights “cannot be relativized anywhere in the world.” “It is revolutionary and urgent to defend democracy on a daily basis,” she added.

In this sense, he has referred to the non-rights situation of Iranian, Afghan or African women. “All the women of the world are working together to change this reality, although I think less than we should”, she indicated, and warned that “the rights of women are also threatened in Spain with otherworldly positions of the extreme right that try to fight the cultural battle over women’s bodies”.

“There is still a lot to be done around the world. Feminisms are revolutionary, they make us better and they make men better,” she defended, while asserting that this is “the most powerful and transformative movement.” “I encourage you to join”, she has concluded.