No Picture

What the Spanish president said to his MPs …and to Mario Monti

His words appeared today scattered everywhere accompanied by odd yet expressive pictures, undoubtedly making for fitting material in the euro peripheral saga. He would have reaffirmed a commitment to abide by a deficit target that was negotiated rather than agreed with the European Commission, most accounts tell us, and scolded some his outspoken neighbours in a tit-for-tat monologue. Since Spain’s president Mariano Rajoy talked on Wednesday to his People’s Party parlamentary group,…

No Picture

Rajoy’s cabinet

MADRID | The new Spanish president Mariano Rajoy has announced the names of the 13 ministers who will make up his cabinet, the smallest in the history of democracy. The new government will have just one vice-presidency (the former Economy minister was also vice-president) that will be held by Soraya Sáenz de Santamaría, a 40-year old politician and the person known for being highly trusted by president Rajoy. Sáenz de…

No Picture

The PP will control €7 out of €10 of Spain’s public spending

By Julia Pastor, in Madrid | Mariano Rajoy’s People’s Party has won the most crushing absolute majority of its history, with 186 seats out of the total 350 of the Spanish Parliament (in 2000, former president José María Aznar achieved 183). On Monday, analysts of the financial City of Madrid expressed their opinions about this shift in the political scene. “The elections results were already expected by the markets, since…