Today, Spain’s electorate gave the conservative People’s Party a
landslide win ousting the Socialist Party from office. Mariano
Rajoy becomes Spain’s new Prime Minister succeeding Jose Luis
Rodriguez Zapatero who came to power in March 2004, three days
after the Madrid train bombings.
Although Zapatero was re-elected in 2008, the Spanish economy
has been in freefall ever since. For all of the economic problems
which have beset Greece and Italy, Spain has the
highest unemployment rate in the EU at 22.6%. Zapatero
announced he would not seek another term in office back in April
and voters took out their anger towards Zapatero on his
successor, Alfredo Perez Rubalcaba
losing nearly sixty seats in the Spanish parliament.
Rajoy won’t be sworn into office until next month but unlike
Greece and Italy, he’ll have a solid majority in parliament. The
only thing that could constrain the new government at
this point would be decisions made in Brussels rather than
Madrid.
toadold| 11.21.11 @ 1:35AM
If I was a Brussels technocrat with any knowledge of history, I'd be wary of pissing off a conservative Spanish government. A quarter kilo of Semtex under your car seat can ruin a day.
RJ| 11.21.11 @ 1:56AM
I doubt this means that the Spanish have learned the benefits of free markets. More likely it is the electorate's inclination to blame whoever is in charge and then turn their anger on whoever tries to reduce benefits. Until people learn that there is no free lunch, government corruption and economic decline will continue.
Mac Keylogger | 11.21.11 @ 4:22AM
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Roy| 11.21.11 @ 9:54AM
"The only thing that could constrain the new government at this point would be decisions made in Brussels"
Other than that, Mrs. Lincoln, how did you like the play?
vtwin| 11.21.11 @ 6:04PM
Good news for Spain, let's see whether Don Mariano will have the guts to fix the havoc wrought by Senor Apt-A-Zero during his 7 year tenure, including easy abortions, gay marriages, affirmative action towards muslims among other evil deeds. I'm glad to see the Joker (he really was his spitting image) has been defeated, for the time being.