Opinion: EU must end austerity and restructure debt

The current strategy is clearly not working. The lower and middle classes are carrying the burden. We’ve regained competitiveness only by depressing domestic demand and increasing unemployment. Austerity has exacerbated inequality. The government has taken on more debt to rescue the banking sector.

Spanish voters face a clear choice in the coming months: continue with current policies, and risk years more pain, or embrace an alternative aimed at serving the interests of the majority.

Podemos, the new party that emerged from a wave of popular anger, represents the only opportunity for a new model that requires four changes:

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