Maybe it’s because of the condensed format, maybe because he was talking to a non-Spanish newspaper, or perhaps he was just in a particularly open mood, but Mariano Rajoy’s interview with the The Washington Post’s Lally Weymouth seemed unusually revealing. The Popular Party leader, now three weeks away from an apparently certain general election victory, was hardly expansive, but some of his answers were relatively bold for a politician who has made hiding his hand something of an art form. When asked whether he would go beyond Zapatero’s spending cuts, Rajoy is quite forthright: Yes, there is no other way out. I am in favor of reducing all budget items. But the item I don’t want to … [Read more...] about Rajoy vs The Washington Post
economy
Ahead of election, Spain’s next prime minister leaves everyone guessing
Mariano Rajoy, leader of the opposition Popular Party, is set to put two election defeats behind him on November 20 and become Spain’s next prime minister. But his all-but-guaranteed victory (opinion polls suggest the PP will win around 190 seats in the 350-seat parliament, its largest ever majority) has little to do with him. Instead, it has much more to do with a three-year economic crisis, an intractable unemployment disaster and escalating worries about Spain’s debt and public account deficits – problems, compounded, if not induced in the eyes of many, by the economic mismanagement of the current Socialist administration of Prime Minister José Luis Rodríguez Zapatero. Those issues, … [Read more...] about Ahead of election, Spain’s next prime minister leaves everyone guessing
Spain’s greatest export: protest and outrage
El País newspaper’s decision to put its coverage of the October 15 (or “15-O”) global protests on its “National” pages, rather than in the “International” section may have looked at first glance like a heinous editing error, but it was in fact a telling decision. Spain’s own indignados protesters, who have been clamouring for economic and political change since May 15, are claiming the credit for the demonstrations held in around 1,000 cities and 80 countries worldwide at the weekend. This may sound fanciful, but, amazingly, it is close to the truth. When the indignados occupied Puerta del Sol in central Madrid during Spain’s local election campaign, it was clearly a new phenomenon for … [Read more...] about Spain’s greatest export: protest and outrage
Truth is the casualty as Spain’s campaign heats up
The last few days haven’t been good ones for truth and accuracy on Spain’s political scene. In fact, for those who follow the news closely, it’s been downright confusing. Popular Party (PP) spokesman Esteban González Pons should shoulder at least some of the blame, after sheepishly backtracking on a pledge, made on September 7, that his party would create 3.5 million jobs over the next four years if it wins the November 20 general election. It was a target that meant slashing Spain’s unemployment rate by 70 percent. 3.5 million? Of course not, González Pons said the next day, after PP apparatchiks were left scrambling to make sense of his boast. What he meant to say, he explained, was … [Read more...] about Truth is the casualty as Spain’s campaign heats up
Fear and resignation in Spain’s deficit cap
A swiftly agreed, bi-party accord to safeguard the Spanish economy’s future. It should be music to every Spaniard’s ears. The governing Socialists and opposition Popular Party have finally reached consensus on a major issue, putting aside their ideological differences and petty electoral interests to introduce a constitutional reform that puts a cap on the public deficit. Such statesmanship harks back to the spirit of the Transition. Or does it? Having heeded the plea by the French and German leaders for deficit controls to be enshrined in eurozone magna cartas, José Luis Rodríguez Zapatero and Mariano Rajoy have responded. This extraordinary measure, they argue, will calm the jittery … [Read more...] about Fear and resignation in Spain’s deficit cap
Rubalcaba’s challenge goes beyond “Listen, do, explain”
On Saturday, July 9, Alfredo Pérez Rubalcaba will be formally declared the Socialist Party candidate for the next general election. By the party’s own admission, this is a watershed moment. The interior minister is unlikely to offer concrete policy detail, but he is expected to outline the direction he intends to take the party as the vote nears. “Listen, do, explain,” is his slogan for the coming months. It’s banal and fairly meaningless, but then most such slogans are. The real challenge for him will be to navigate a political course that distances him from the burnt-out image of his boss (and still party leader) José Luis Rodríguez Zapatero without looking too cynical in doing so. A … [Read more...] about Rubalcaba’s challenge goes beyond “Listen, do, explain”
How Spain became ‘Españistán’
Plenty of books about the Spanish economy have been published in recent years: on the black market, multinationals, the financial system, the effect of the global recession and much, much more. Many of these are scientific studies, and most of them are on the dry side. But fortunately, if you want a punchy, fact-based look at Spain’s current mess, you can find it in the shape of a comic book called Españistán by Aleix Saló. A superb six-minute video gives a sharp summary of the book and gives us as fine a potted history of the Spanish economy’s last outrageous decade as you could hope for. “What a nice little squirrel,” we are told, as a furry mammal is shown on the screen. “Screw him!” … [Read more...] about How Spain became ‘Españistán’
Rajoy approaches the big job with his head down
As rumours that next year’s general election will be brought forward to the autumn intensify, so does the realisation that by the end of the year, Mariano Rajoy could be prime minister. The strange thing is, judging by his party’s recent behaviour, this doesn’t seem to have dawned on him. If he had fully grasped the reality of his situation, you would think he would tone down the talk of Spain being an economic basket case. But his opposition Popular Party (PP) is determined to hint, suggest, or just plain decry, that the country is in real trouble. Since last year, the PP has been openly wondering whether Spain deserves to be in the same bracket as Greece, Portugal and Ireland. In … [Read more...] about Rajoy approaches the big job with his head down
Banality and pragmatism on Spain’s campaign trail
There's little room for doubt now that the May 22 regional and municipal elections will mark a hugely significant change for Spain’s political map. The Popular Party (PP) is heading for an overwhelming victory, as underlined by the latest poll published by Metroscopia. The pollster points to major gains across the country for the conservatives, but the fact they now look poised to take traditional Socialist strongholds such as Seville and Castilla-La Mancha is the most striking development. Given that such enormous changes are afoot, it is strange –and frustrating– that this election campaign has not been more compelling. Instead of seeing the Socialists dig deep to fight for their … [Read more...] about Banality and pragmatism on Spain’s campaign trail
Spain: Too big to fail?
The European Union’s three victims-so-far of the global financial meltdown have, not incorrectly, been described as the economic bloc’s periphery. Their economies are relatively small and, though at times worries about their debts have undermined the euro currency, their problems – even taken in combination – are hardly likely to bring the bloc to its knees. Individually, they were sick from a debilitating cocktail of similar problems: bed-ridden with debt and weak from a bad diet of profligate government spending and loan-happy banks. Nothing, it seemed, that a dose of bailout money from the EU and IMF could not cure with a trip to the emergency ward. Spain is showing similar symptoms. … [Read more...] about Spain: Too big to fail?