Spain was facing a crisis due to high debt levels, high dependence on fossil fuels, a real estate bubble, failed environmental policies, and corruption. The document argues that the private debt, not the public debt, was the real problem. It also cites a lack of economic activity and fiscal income and lack of transparency as issues. The document criticizes austerity measures and structural reforms as false solutions. It proposes green alternatives such as reforming the ECB to act as lender of last resort, flexible deficit reduction timelines, orienting resources and policies toward changing the productive model, European taxation including a green tax, and increasing democracy, equity, and alliances to address the crisis.

1. Green Alternatives to get out of crisis
Reyes Montiel
Brussels, June 2013

2. Crisis in Spain
• High level of debt
• High energy dependence on
fossils fuels
• Real Stare Bubble
• Failed environmental policies
• Corruption
• A weak welfare state

3. Good diagnosis
The problem wasn't the public debt

4. Good diagnosis
The problem was the private debt

5. Good diagnosis
• Lack of economic activity
• Fiscal income
• Lack of transparency

6. False solutions
• Cuts
• "Structural Reforms"
• Austerity

7. The bailout as a help
The bailout as a punish
• Curbing debt conversión of private debt
• Reforma of the ECB. It has to be the lender of last resource.
• Flexibilitation of the time and the pace of deficit reduction.
• Resources and policies oriented to the change of the
productive model
• European taxation, Green taxation. TTF
• More and Better politic, more and more democracy, more
and federal Europe

8. EQUO proposals
• Change our productive
system
• Development in according to
oír needs and environment
• Equity and social cohesion
• Democracy
• Alliances