By John Smith • Published: 09 Apr 2020 • 15:58
CATALAN Socialist and former Spanish Minister Josep Borrell who now holds a senior position in the European Union has said that Nationalisation is not a dirty word.
He argues that in the current state of fiscal emergency, it is perfectly in order for EU member states to temporarily takeover companies which are struggling to continue to trade, if they seem to be likely to have long term prospects once the crisis is over.
Putting Spanish money into Bankia for example was a form of nationalisation but the government had until now been disposing of its shares which was in accordance with his concept.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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