A landslide victory by Mariano Rajoy’s People’s party (PP) in Sunday’s general election did nothing to stop Spain’s debt problems worsening on Monday as the prime minister elect remained powerless to calm the markets.
Spaniards were proud of having avoided an Italian-style government of unelected technocrats after they gave conservative Rajoy the go-ahead to introduce reform and impose further austerity.
http://m.guardian.co.uk/world/2011/nov/21/mariano-rajoy-spain-debt-crisis?cat=world&type=article
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