Spanish Prime Minister Mariano Rajoy would rather talk about the economy
MADRID | By capitalmadrid.com | Rajoy deliberately shifted the spotlight from the Barcenas corruption case towards an optimistic view of the country’s future.
MADRID | By capitalmadrid.com | Rajoy deliberately shifted the spotlight from the Barcenas corruption case towards an optimistic view of the country’s future.
MADRID | By JP Marín Arrese | Even if the Socialist Party is bound to fail as the ruling party holds a comfortable majority, it could expose Mr Rajoy to a damaging debate. He should overcome his inner reluctance to tell his truth on this scandal, going to Parliament on his own.
BRUSSELS/MADRID | Barroso took advantage of the Spanish president’s presence to push for an agenda Berlin still feels reticent about: the European Banking Union.
Wages decline has put Spain back in the beginning of the century. But the warning sign for the country are citizens’ pensions: crucial for the most defenseless. Both President Mariano Rajoy and the Spanish society have an enormous stake in social welfare.
The Spanish Banking Association wants nationalised entities dismantled or sold, as the toxic legacy of the savings banks has become too poisonous for too long (with information from Ángel Laso, valenciaplaza.com correspondent in Madrid).
Unless those having more ample room to invigorate their demand do so, we are bound for a long period of strenuous struggles to undertake a painful real adjustment with no firm assurances the sacrifices attached to it may work.
In the latest national opinion survey, Spaniards told the Rajoy government to close the nationalism front and weigh in with all resources to sort out the economy.
The day a new EU summit began, financial reports from Madrid poured in with a common alert: the Spanish economy needs fixing and the markets will keep watching how the Rajoy government’s reforms advance.
Capital gains taxes in Spain will increase next year, with individual investors as the likeliest victims. The measure could be the Rajoy government’s attempt to re-direct personal capital flows towards other sections.
The divide between journalistic duties and pleasing the masses looks excessively thin in Spain. When news media from virtually every ideological branch come together only to relentlessly bash a government, it may be time for a reflection.