Spanish Socialists Crushed at Regional Polls
Prime Minister Zapatero’s ruling party is unpopular because it implemented austerity measures while unemployment remains high.
Prime Minister Zapatero’s ruling party is unpopular because it implemented austerity measures while unemployment remains high.
Confidence in the government’s ability to improve its finances is deteriorating.
The outcome underscores the unpopularity of Spain’s socialist prime minister.
The solvability of Europe’s fourth economy threatens the entire eurozone.
As different countries in the eurozone struggle, pressure on Ireland to accept a bailout is mounting.
With conservatives in power in most of Europe, the left is rallying to protest spending cuts and pension reform.
Even as Prime Minister Zapatero announces budget cuts and reform, Spain’s hopes for a quick recovery aren’t looking up.
Despite high unemployment, Spain’s government is delaying labor reforms.
Spain is the last major economy of Europe still mired in recession as its government remained committed to socialist doctrine throughout 2009. Massive deficit spending has only worsened the country’s predicament however, forcing Prime Minister José Luis Rodríguez Zapatero to finally start reining in Spain’s mounting debt. Last month, Professor Niall Ferguson of Harvard University […]
Excessive government spending, nor European integration, is responsible for Greece’s debt crisis.
The Spanish government refuses to make much-needed reforms.