Spain: economic course of the new Prime Minister

November 21, 2011 - 4:15 pm Comments Off

Employment, austerity and growth. The election program of the Popular Party (PP) is turned almost exclusively to the economy. Of six chapters, only the last two – and foreign policy institutions – are not related to the crisis in Spain.

Entitled "More company, better government," the program is inspired by a moderate liberalism and makes a message in the form of virtuous circle. A mantra repeated endlessly the conservative Mariano Rajoy, president of the Popular Party, which won an absolute majority in Sunday elections: change will generate trust, for growth and employment, which in turn will promote a return to financial balance.

Entrepreneurs appear to be the better off. Alone should benefit from tax cuts. For others, the austerity will be the rule.

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