Tuesday, February 21, 2012

Spain and a few other thoughts

The conservatives (Partido Popular) won big in Spain about 90 days ago.  It was one of those big "wave" elections where one party replaces another in power.


How are the conservatives doing?


It's too early to tell but PM Rajoy has made some controversial decisions.  He raised taxes because the deficits were bigger than anticipated.  He also relaxed labor laws so that companies can fire people a little easier.


Again, it's too early to tell.  Furthermore, Spain is impacted by the larger European debt crisis.  In many ways, Spain's destiny is in the hands of Germany, the country that seems to be calling the shots in the debt negotiations.

Click here for our conversation with Jose M. Guardia:


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Tags: Spain, the European debt crisis  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

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