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News, comment and analysis on Spain, Portugal and beyond

spain economy

Ahead of election, Spain’s next prime minister leaves everyone guessing

October 19, 2011 by Andrew Eatwell 4 Comments

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

Filed Under: Business, Featured, Spain News Tagged With: austerity plan, debt crisis, deficit, desempleo, economy, election, elections, EU bailout, eu debt, eurozone crisis, news from spain, news in spain, paro, Partido Popular, Politics, popular party, PP, recession, spain, spain economy, spain news, spain politics, spain unemployment, spanish economy, spanish socialist party, zapatero

Spain’s greatest export: protest and outrage

October 16, 2011 by Guy Hedgecoe Leave a Comment

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

Filed Under: Featured, Iberoblog Tagged With: 15-m, 15-O, demonstrations, economy, indignados, madrid protests, October 15 unrest, protests, puerta del sol, spain, spain economy, spain news, spain politics, spain protests, spanish politics

Why open Pandora’s Box?

October 7, 2011 by Víctor Manuel Pérez Martínez Leave a Comment

Making themselves heard: Protesters in Madrid against the reform of the constitution.

Reforming the Constitution is a guaranteed way to open up a thousand and one debates about democracy in Spain. The 1978 referendum, in which the current Constitution was approved, was a turning point at a major crossroads in the political life of a country that aspired to be close to Europe, improve the quality of life of its citizens and take on the process of transitioning to democracy under the guidance of a parliamentary monarchy. To think that reforming the Constitution now is the only way to control the deficit is probably a reflection of the need for a renewal of the policies of the political parties, not necessarily generational change. The question is poignant: Is a reform of … [Read more...] about Why open Pandora’s Box?

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Filed Under: Featured, Politics, Spain News Tagged With: Constitution, constitutional reform, PP, psoe, reforma constitucional, spain constitution, spain debt, spain deficit, spain democracy, spain economy, spain politics, spanish constitution

Spain’s Socialists scuttle the ship

September 23, 2011 by James Badcock Leave a Comment

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

Filed Under: Politics, Spain News Tagged With: 15-m, debt crisis, EU bailout, european union, Partido Popular, PP, psoe, rajoy, rubalcaba, Socialists, spain, spain economy, Spain elections, spain news, spain politics, spanish economy, spanish news, spanish politics, tax, zapatero

Truth is the casualty as Spain’s campaign heats up

September 13, 2011 by Guy Hedgecoe 1 Comment

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

Filed Under: Featured, Iberoblog, Spain News Tagged With: ABC, bailout, economy, election, european union, Partido Popular, popular party, PP, psoe, rajoy, spain, spain bailout, spain economy, Spain elections, spanish debt, spanish news, spanish politics, spanish socialist party, zapatero

Fear and resignation in Spain’s deficit cap

September 6, 2011 by Guy Hedgecoe Leave a Comment

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

Filed Under: Featured, Iberoblog Tagged With: 15-m, deficit, economy, markets, popular party, rajoy, recession, rubalcaba, spain, spain economy, spain election, spain politics, spanish economy, spanish news, spanish politics, spanish socialist party, zapatero

World Youth Day: Between faith and criticism

August 30, 2011 by Víctor Manuel Pérez Martínez Leave a Comment

The most serious criticism is not aimed at the young pilgrims who came to the Spanish capital to “display their faith” but rather at the planning, organization and financing of a “mass religious event” which could have been done at lower cost, with less religious aims, with less participation of the public sector, without the presence of ethically questionable companies and with the aim of addressing more closely the problems that affect Spanish society and the world today. Although the degree of self-financing of the event was significant it is sensible to ask the Catholic organizations involved to think about how they organize such gatherings. In most cases, there are things that could be … [Read more...] about World Youth Day: Between faith and criticism

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Filed Under: Iberoblog Tagged With: Benedict XVI, Catholic Church, jmj, papa madrid, pope spain, pope's visit, society, spain, spain economy, spain news, spanish economy, spanish news, spanish politics, world youth day, WYD, zapatero

Zapatero: a pope’s best friend

August 19, 2011 by Guy Hedgecoe 4 Comments

A mock “Popemobile” was present at Wednesday evening’s demonstration in central Madrid against the pope’s visit. In it, a skinny man in late middle age dressed as the pontiff was blessing the crowd of protesters around him in jocular fashion. Then, looking slightly jaded, the faux-pope put down his crosier, pulled out a cigarette and smiled as he took a deep drag. It was a funny moment, but it seemed to me the real pope had every reason to be as satisfied during his marathon Spanish visit as this imposter. No doubt Benedict XVI and those who think like him will disagree. After all, it was he who decried Spain’s “aggressive secularism” last time he came to visit, less than a year ago. … [Read more...] about Zapatero: a pope’s best friend

Filed Under: Featured, Iberoblog Tagged With: Benedict XVI, Catholic Church, jmj, papa madrid, pope spain, pope's visit, society, spain, spain economy, spain news, spanish economy, spanish news, spanish politics, world youth day, zapatero

Spain’s woes fail to deter Africans from life-threatening crossing

August 8, 2011 by Guy Hedgecoe 3 Comments

The European economy is going through a rollercoaster ride right now, with Spain one of the biggest victims of the upheaval. And since German Chancellor Angela Merkel’s invitation earlier this year to Spanish professionals – particularly engineers – to go and find work in her country, many Spaniards are looking abroad as they consider their future. And yet, boatloads of Africans still make the incredibly dangerous journey across the Gibraltar Strait to the shores of Andalusia. The first half of this year saw around 1,000 come to the Spanish mainland (arrivals in the Canary Islands have dropped heavily). That doesn’t sound like a massive number, but the high season for crossing is only … [Read more...] about Spain’s woes fail to deter Africans from life-threatening crossing

Filed Under: Politics Tagged With: Africa, economic crisis, immigrant unemployment, immigrants, spain, spain economy, spain immigration, spain unemployment, strait of gibraltar

Who benefits from Spain’s early election?

August 3, 2011 by Guy Hedgecoe 2 Comments

Rubalcaba-Rajoy

The Spanish prime minister’s announcement that general elections will be held on November 20 rather than in the spring, as previously scheduled, was not altogether surprising. Pressure had been mounting on him for weeks to bring the date forward, especially from the opposition and the right-wing media. Another factor is Spanish voters, who rightly see Zapatero as a lame duck leader, especially since stepping aside to let Alfredo Pérez Rubalcaba become Socialist candidate. But there was also pressure from within Zapatero’s own party to hold an autumn election, including from Rubalcaba himself. The former interior minister was concerned that any momentum his nomination as candidate … [Read more...] about Who benefits from Spain’s early election?

Filed Under: Featured, Politics Tagged With: november elections, popular party, rajoy, rubalcaba, socialist party, spain early elections, spain economy, spain politics, spanish economy, spanish politics

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