MADRID | By J.P. Marín Arrese | The Spanish PM has a hot agenda for the rentrée. Not only Mr Rajoy has to deal with the corruption scandal of his party but also with UK over Gibraltar’s dispute. The good news is that Spanish bonds yield is pretty low and giving Madrid some fresh air to reduce the deficit, still very high.
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 Ana Fuentes | Under a strong pressure after the scandal of illegal donations to the Popular Party, Spanish PM Mariano Rajoy will try to spend his summer holidays away from the public eye. Even if the economy is doing better and the Bank of Spain sees the end of the recession coming, citizens are austerity-wary and the political tension has not been eased at all.
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.
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 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.
MADRID | The Spanish government had good reasons to avoid Mr Ordóñez’s appearance in the parliamentary committee reviewing Bankia’s plight. His cold determined performance flatly exposed gross government failure in addressing the financial crisis. His indictment was based on the nagging fact Spain risk premium ranked last December markedly lower than Italy’s and now even Ireland shows a better record. He accused the government of leaving aside the Bank of…
LONDON/MADRID | Finance-wise, Italy is unnerving some of its neighbours in the periphery of the euro zone. Particularly in Spain, government officials wonder aloud about the unfairness of the whole situation: while yields of the Spanish 10-year sovereign bonds time and again cross the 7 percent frightening barrier, Italy managed last week to sell €5.25 billion in debt of various maturities at much lower interest rates in most of the…
MADRID |Fernando G. Urbaneja| Premier Mariano Rajoy did not expect the economic picture to be that overwhelming, although it was predictable, nor former premier Mr Zapatero could believe in May 2010, that he was meant to play the role he so reluctantly played. Both of their reactions are part of Spain's problem: government leaders, alleged leaders dragged from the events who have to act against their beliefs. Ms Rosa Diez (former…