Manana Belongs to Mariano; The Spanish Election  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8761 (Nov. 2011), page 54.
Topik: Elections; Governmental Reform; International; Parliaments; Prime Ministers

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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It is an historic opportunity. Not since Felipe Gonzalez's Socialists swept to victory in 1982 has a Spanish leader been handed as big a mandate for change. On November 20th Mariano Rajoy's People's Party (PP) took 186 out of the 350 seats in the parliament, meaning that he has no need to barter with smaller parties. The PP's control of two-thirds of regions and 40% of town halls should allow him to push reform throughout the system. On the other hand, Spain's problems are huge too: zero growth at best, bond yields near bail-out levels and unemployment at 23% (and 46% for youths). Reminders of the grim outlook have come daily since Mr Rajoy's victory. The small Bank of Valencia has had to be rescued. Funcas, a think-tank, predicts a 0.5% drop in GDP next year. And bond yields keep breaking unwelcome records. Only urgent action can ease the pressure. But it cannot come before late December, when the handover of power is complete. Until then, Jose Luis Rodriguez Zapatero, whose Socialists lost a third of their seats, stays in charge.

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