Spanish Economy Minister Hopes Voters Will Reward Party for Turnaround

Spanish Economy Minister Luis de Guindos has told CNBC he believes the Spanish electorate is “mature” and will not take the country back to 2010 or 2011 when it heads to the polls in less than three weeks’ time.

“I do not believe that the Spanish population wants to take Spain back to the position we were in in 2010 or 2011, I am totally sure they would not repeat that mistake,” De Guindos told CNBC Tuesday.

“I think that the Spanish population is mature, they are wise. They know perfectly where we are stood only four years ago and where we stand today. And I think that this contrast is a clear indication of the efforts that we have implemented.”

De Guindos is a member of Spain’s conservative People’s Party led by Mariano Rajoy which took over from the socialists in 2011.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza