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Iberosphere

News, comment and analysis on Spain, Portugal and beyond

Davos

Navigating the impossible?

February 15, 2010 by Guy Hedgecoe 2 Comments

For someone who sets such great store by being photographed alongside the right people, January 28 was a fairly awful day for the Spanish prime minister. At the Davos World Economic Forum, José Luis Rodríguez Zapatero was pictured sitting between Greece’s Giorgos Papandreou and Latvia’s Valdis Zatlers. The inference was clear: Spain was in the same boat as Greece, which the EU has now agreed to help resolve its enormous public financing problems, and Latvia, which has Europe’s highest unemployment rate at nearly 23 percent. Much was made of the gaff by Zapatero’s handlers, who failed to put him in more reassuring company. But it was only the beginning of a perfect economic and political … [Read more...] about Navigating the impossible?

Filed Under: Politics Tagged With: austerity plan, Davos, economy, greece, labour reform, pensions reform, Politics, spain budget deficit, spain debt, zapatero

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