“Austerity Alone Will Not Save Europe”

King Juan Carlos is once again sounding off on the troubles in Europe and the extremely delicate Spanish economy.

In a visit to Chile yesterday, His Majesty said the problems in Europe are not economic but political. He talked about the robust nature of the continent’s finances compared to other places.

“Europe requires austerity and discipline,” he said. “But austerity alone will not save Europe.”

The King talked about the “unprecedented” reforms that the Spanish government has implemented in recent months. He said his country was starting to regain its competitiveness.

© Casa de S.M. el Rey / Borja Fotógrafos

Don Juan Carlos met with Chilean President Sebastián Piñera. Like in Brazil, he took a swipe at Argentina by highlighting Chile’s commitment to the rule of law. Argentina recently expropriated a local branch of Spanish oil giant Repsol.

© Casa de S.M. el Rey / Borja Fotógrafos

His Majesty today met with the leaders of Mexico, Colombia, Peru, Panama and Costa Rica. Media outlets are saying the King is back as Spain’s top champion.

“I am not at all tired,” he said, according to Spanish media.

Prince and Princess of Asturias at event in Navarre.

Other members of the Royal Family, including Price Felipe and Princess Letizia, have been “holding down the fort” taking care of public events in Spain while the King is away.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s