Spain's Rajoy to boost business after voters dump Socialists

By artappraiser on Fri, 11/18/2011 - 8:11am |

By Fiona Ortiz, Reuters, Nov. 18, 2011

MADRID - Spain's likely new leader, centre-rightist Mariano Rajoy, pledged on Friday to restore confidence to the troubled economy and boost business after a parliamentary election in which voters are set to throw out the Socialist government.

Opinion polls ahead of Sunday's election show the People's Party, led by Rajoy, has a double digit lead over the Socialists, widely seen by Spaniards as having mishandled the response to the mounting euro zone debt crisis....

"We need a shock plan for entrepreneurs," he said. "There are going to be specific measures from the start for entrepreneurs and there is going to be a clear message from the government that we're counting on them, with the help of the government, to steer us out of this crisis by creating employment.".....

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http://www.reuters.com/article/2011/11/18/spain-election-idUSL5E7MI23W20111118

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Spain's prime minister pleads for help from EU and ECB as yields climb
By Giles Tremlett in Madrid, guardian.co.uk, Nov. 18, 2011

• Zapatero: 'This is why power has been transferred to them'
• Madrid's borrowing costs near 7%
• ECB reportedly steps in to buy up Spanish debt

....In the meantime, pressure was piling up on Mariano Rajoy, the People's party (PP) leader expected to take over as prime minister after Sunday's general election, to reveal his plans for saving the country from a bailout that might bring eviction from the eurozone.

Rajoy remained tight-lipped, however, as Spain's treasury was forced to borrow money at a rate of almost 7% on Thursday for the first time since 1997, declining to give further details of what is expected to be a major reform and austerity programme.

"I do not have a magic wand to fix these problems, nor can we expect that they will all be solved in one day," El País quoted the conservative leader as saying at a campaign rally....

by artappraiser on Fri, 11/18/2011 - 8:24am

Spain's Rajoy to boost business after voters dump Socialists

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