Echoing the actions of governments across the region, Morocco’s King Mohammed VI responded to a growing wave of public protests in Tunisia, Egypt and Libya earlier this year with a two-tiered pledge of political reform and increased financial aid to the local population. Although the country had largely escaped the kind of large-scale demonstrations that filled city centres in Cairo and Tunis, Morocco’s February 20 movement of reform-minded groups and members of the Justice and Development Party (PJD) garnered support as the country’s version of the Arab Spring. After nearly tripling food and fuel subsidies and increasing government worker salaries, the king introduced a new constitution … [Read more...] about Morocco sets path for reform but questions of impact linger
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Rajoy vs The Washington Post
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
How history will judge Zapatero
Jordi Sevilla, a former minister in the government of José Luis Rodríguez Zapatero, recalls how his then boss once told him about a massage he had enjoyed a few days after becoming prime minister. “The masseur was amazed at how little tension he had,” Sevilla said. “This guy had spent a week in La Moncloa (the prime minister’s residence) and that’s enough to leave anyone completely spent!” The anecdote, recounted to writer José García Abad, reflects a couple of popular, not entirely accurate, perceptions about Zapatero: that he is a detached, even cold politician, whose meteoric career has been driven purely by calculation; also that he is a featherweight who doesn’t understand the … [Read more...] about How history will judge Zapatero
Spain’s Socialists scuttle the ship
The legislature is limping to a close. Since José Luis Rodríguez Zapatero's conversion to market orthodoxy in the spring of 2010, the prime minister has made no secret of the fact that his sole obsession is to sail the Spanish ship clear of the turbulent waters of a bailout, and he seems set to succeed. But his government's final manoeuvres have unfortunately had the effect of scuttling the lifeboat of Socialism driven by the party's chosen candidate for the November 20 elections. Alfredo Pérez Rubalcaba is an able seaman, but he is navigating into an electoral storm made even worse by the last acts of his former Cabinet colleagues. First came the tawdry deal with the Popular Party (PP) … [Read more...] about Spain’s Socialists scuttle the ship
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
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
A lurch to the right that cost Zapatero dear
Spain’s political map was redrawn on Sunday. A devastating defeat for the Socialist Party saw the Popular Party win the most votes in 11 of 13 regions and open up a two-million vote advantage in the municipal elections. However you look at it, this was an utter disaster for Zapatero. This may not have been his fight, strictly speaking, because of its local nature. But having been his party’s chief electoral asset for several years, the prime minister has now become its albatross – something he tacitly admitted several weeks ago by deciding not to run for a third term. However hard his regional barons and municipal candidates tried to distance themselves from their national leader, … [Read more...] about A lurch to the right that cost Zapatero dear
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?
Portugal gets bailout as Sócrates eyes reelection
Since his government collapsed, Sócrates has worked hard as acting prime minister to secure a now-essential bailout package with the European Union and International Monetary Fund to patch up Portugal’s debts and correct budget deficits that have crippled the country’s ability to borrow on international debt markets. This week, he achieved his objective: agreeing to a bailout with austerity measures very similar to those that opposition parties shot down in the parliament in March. “The government has today reached an agreement with the international institutions regarding the financial aid to our country,” Sócrates said in a televised address on Tuesday. “Naturally, there are no … [Read more...] about Portugal gets bailout as Sócrates eyes reelection
With almost five million out of work, Spain’s unemployment crisis rages on
In January 2009, Spain’s then Labour Minister Celestino Corbacho declared confidently that the number of jobless people in Spain would not surpass the four million mark. It took only three months for him to eat his own words as unemployment shot past that psychologically significant level. It has continued to tick upwards ever since. Corbacho lost his job in October last year. Now another minister, Elena Salgado, who holds the economy portfolio and serves as second deputy prime minister, is also putting her credibility on the line. In a press conference on Thursday, she said five-million plus job seekers is not on the cards. “In the opinion of the Economy Ministry that figure will not … [Read more...] about With almost five million out of work, Spain’s unemployment crisis rages on