To say that the Rajoy government inherited a rough legacy is rather an understatement. The economy appears to be in even worse shape than the incoming Partido Popular government first thought and even as they chop away at public spending, confidence at home and abroad continues to slip. Less than three months in and Rajoy and his party were forced to restructure deficit reduction goals, much to the chagrin of austerity-minded allies in Brussels and Berlin. Unfortunately, the government’s campaign to rein in spending and reduce the deficit does not yet address one particularly large elephant in the room – namely, Spain’s beleaguered energy sector. Sure, we’ve seen the Rajoy government … [Read more...] about Energy debt burden looms large in Spain’s deficit reduction push
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Spanish energy sector seeks clarity under Rajoy
Facing pressing issues of funding and stability, Spain’s energy sector has looked for some clarity about what the industry will look like under a Mariano Rajoy-led government, but it has found little. Like his plans for most areas, Rajoy has remained vague about what he has in store for the country’s energy actors, pledging to unveil details and appointments only after he takes office on December 21. Still, despite the prime minister-elect’s silence on the issue during the election campaign, a long political path and party positions reveal some hints about how the new conservative government will tackle both traditional and alternative energy issues. Eager to hear the new government’s … [Read more...] about Spanish energy sector seeks clarity under Rajoy