On May 23 heads of state and the Spanish government will meet in order to analyze the EU's growth problem. What growth is the EU talking about? France, with its complex economic situation, advocates spending million on investments, mostly in infrastructure.
Germany wants a framework for reforms, such as those it enacted when it was ailing ten years ago, eventually regaining its leading economic role in Europe.
The economist Donges, as well as the director of the IMF, affirms that the debate between austerity and growth is misguided and artificial because budget tightening does not necessarily curtail growth.
He's right. Germany's success demonstrates this point and marks the path that Spain should follow.
