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Podemos reflects hatred of austerity policies: Analyst

Wednesday, 23 December 2015 7:11 AM [ Last Update: Wednesday, 23 December 2015 7:11 AM ]

Pablo Iglesias, leader of Spain's Podemos party, gestures as he speaks during a press conference in Madrid on December 21, 2015. (AFP photo)

Press TV has conducted an interview with Dennis Small, Ibero-America editor at the Executive Intelligence Review in Washington, and Jose Sueiro, a political analyst in Washington, to discuss the results of Spain’s general elections.

Small says that Spain’s Podemos party reflects a broad hatred of the austerity policies which have been implemented in the country and across Europe by Brussels and the troika of international lenders - the European Central Bank, the International Monetary Fund and the European Union (EU).

He also maintains that Podemos should formulate “a clear alternative” that would actually function given what is going to be a tidal wave of financial disintegration.

“The broader questions of what is happening with the EU and the overall international financial crisis which is growing and getting worse -- it is not improving at all -- set the framework within which we have to look forward to what is going to happen in Spain,” he says.

The analyst further notes that there is no solution within the EU’s structure to the ongoing financial crisis, adding that the only alternative could be the one presented by the BRICS group of major emerging economies which probably Brussels will not allow.

“There are two options facing Spain and all of Europe. One of them which leads in the direction of further economic disintegration and another is a path which actually leads to economic development and a way out and that is the real crossroads that we have seen expressed in the Spanish elections,” he argues.

Sueiro, for his part, believes since the takeover of the People’s Party (PP) in Spain, the politics of austerity have devastated the country. He also thinks the EU structures are overburdened and they cannot change and adapt to what is going on socially.

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