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Rajoy the Reformer; Spain's Election
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8758 (Nov. 2011)
,
page 60-61.
Topik:
Elections
;
Unemployment
;
Statistical Data
;
Candidates
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Mariano Rajoy, a mild-mannered man destined to be Spain's next prime minister, says he is confident and ready. But the country his conservative People's Party (PP) will govern after the election on November 20th is in a bad way. The PP's full manifesto this week failed to make many newspaper front pages. In Castile-La Mancha, officials admit they will overshoot their deficit target by a factor of seven. The outgoing Socialist finance minister, Elena Salgado, insists Spain will meet its target of 6% of GDP this year, but overspending regions (Castile-La Mancha is the worst offender) threaten this, as do flattening tax revenues. Spain's banks must raise some EUR 26 billion ($36 billion) in new capital by June, a quarter of the total demanded for the euro zone by the European Banking Authority. And they have yet to digest their toxic assets, mostly loans to developers to build on land that is almost worthless or occupied by some of the country's 700,000 empty homes. The central bank says these problem loans could total EUR 176 billion ($243 billion).
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