Detail Manana is Too Late; Spain's Election   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8760 (Nov. 2011), page 48-49. Topik: Elections; Political Power; Economic Reform; Prime Ministers Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In a general election on Nov 20, 2011, Spain will eject its prime minister - the last of the five most troubled euro-zone countries to do so since the crisis broke. At least the exit of Jose Luis Rodriguez Zapatero, Spain's Socialist prime minister since April 2004, looks graceful next to the chaotic departures of George Papandreou of Greece and Silvio Berlusconi in Italy. Zapatero's days have been numbered since April, when he said he would not seek a third term. Instead, he made Alfredo Perez Rubalcaba his party's candidate. Zapatero's legacy will be unhappy. When the crisis hit in 2008 the construction boom was already over. Yet Zapatero would not accept that Spain was vulnerable. Oover the years the economy had grown unproductive, uncompetitive and unbalanced. By 2008 construction accounted for 10% of output, twice the euro-zone average. Wages had outpaced productivity. Although public debt remained low, private-sector indebtedness had soared. By the time Mr Zapatero saw the light in May 2010, it was too late. His reform efforts since have been halting at best.. Mariano Rajoy, leader of the centre-right People's Party, seems sure to be Spain's next prime minister. Unlike the new technocratic prime ministers in Greece and Italy, he will have a strong mandate for reform. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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