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Iberosphere

News, comment and analysis on Spain, Portugal and beyond

austerity package

Spain’s general strike: too much, too late

September 29, 2010 by Guy Hedgecoe 5 Comments

The statisticians may argue for some time to come about the success or otherwise of Spain’s general strike. To nobody’s surprise, the UGT and CCOO unions, which organised the country’s first nationwide strike in eight years, described the protest as an overwhelming success, while the government said participation was “uneven”. Judging by Prime Minister José Luis Rodríguez Zapatero’s insouciant demeanour as he entered Congress on the morning of the strike, his government had little to worry about. And yet, the mass closure of businesses for the day, the crippling of the country’s bus services and thousands (or 70 percent, according to the organisers) of workers marching through Spain’s … [Read more...] about Spain’s general strike: too much, too late

Filed Under: Politics Tagged With: 29-S, austerity package, austerity plan, Candido Mendez, CCOO, huelga general, ignacio camacho, September 29 strike, spain austerity, Spain general strike, Spain labour reform, spain pensions, Spanish deficit, spanish socialist party, UGT, zapatero

Political turmoil threatens to rock Spain’s recovery

September 9, 2010 by Guy Hedgecoe 1 Comment

Only a few weeks ago, the big argument raging about Spain was whether or not it was “the next Greece”. The size of its deficit, difficulties in getting the economy growing again and its harsh treatment at the hands of international markets all made it look like the prize candidate for the EU’s next massive bailout. Many observers suspected a visit by IMF head Dominique Strauss-Khan to Madrid in June was the prelude to just such a move as José Luis Rodríguez Zapatero’s handling of the economy came under immense scrutiny. Now, however, the situation is slightly different. The bailout has not transpired and while the country has certainly not emerged blinking in the sunlight of market … [Read more...] about Political turmoil threatens to rock Spain’s recovery

Filed Under: Business Tagged With: austerity package, austerity plan, cajas, deficit, economia espana, economy, EU bailout, general strike, greece, Greece and Spain, Moody's, PIG countries, rajoy, recession, spanish economy, Spanish elections, Spanish GDP, zapatero

Ideology is first casualty of Spain’s economic crisis

August 30, 2010 by James Badcock 1 Comment

The day José Luis Rodríguez Zapatero’s dream ended was not even marked by a speech from the unlikely new champion of glum realism. As Congress in Madrid debated in late May cutbacks effectively imposed by Frankfurt and Brussels, the Spanish prime minister, who had tended his very personal flame of optimism with so many smiling words, saw his political future turn to ashes without even taking the stand. The Socialist who had vowed to bring the benefits of economically successful Spain to the disadvantaged now looked on as Catalan nationalist Antoni Duran i Lleida announced that his bloc would save the government in the vote to cut public workers’ wages and freeze pensions, but declared that … [Read more...] about Ideology is first casualty of Spain’s economic crisis

Filed Under: Business Tagged With: austerity package, economic crisis, G20, recession, Spain and Greece, spain pensions, spain recession, spanish economy, Spanish elections, zapatero

Zapatero’s summer of discontent

June 7, 2010 by Guy Hedgecoe Leave a Comment

It’s not easy for any politician to be told he is a “political corpse.” But when the person saying this has just saved your skin it’s particularly hard to digest. So when Spain’s prime minister now looks at Josep Antoni Duran i Lleida, spokesman for the centre-right Catalan CiU grouping, it is with mixed feelings. CiU ensured José Luis Rodríguez Zapatero’s €15-billion austerity package went through Congress on May 27 by abstaining during the vote. The abstention meant the governing Socialists’ 169 deputies scraped the measures through, with 168 voting against. The Catalan conservatives justified their abstention by insisting that while they did not agree with all the measures, the … [Read more...] about Zapatero’s summer of discontent

Filed Under: Politics Tagged With: austerity package, CiU, Durán i Lleida, elections, ETA, Felipe González, general strike, popular party, Spanish Congress, state of the nation debate, zapatero

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