Podemos “Economic Manifesto” Calls for Debt Restructuring, Spain to Abandon the “Euro Trap”

The Podemos party, a far-left populist party in Spain led by Pablo Iglesias, has come from out of nowhere to lead the polls.
Podemos’ economic manifesto includes debt restructuring, exiting the European Monetary Union, and a jobs program to end unemployment.
The plan was drawn up by Vincen Navarro and Juan Torres, two Spanish economists.

This post was published at Global Economic Analysis on November 30, 2014.