Sunday, March 18, 2012

Spain prime minister calls early election for 20 November

9:57 AM | Posted by Free Game Zone | Edit Post

Jose Luis Rodriguez Zapatero has been under way since the March elections as Spain struggles with high unemployment

Spanish Prime Minister Jose Luis Rodriguez Zapatero on Tuesday called early elections for November 20, as the country is struggling to cope with rising bond yields and high unemployment.

Zapatero said he had decided to advance the March elections for greater "political and economic security" in a country that many consider a key to the future of the area euro. "I want a new government to take control of the economy from 1 January next year," said Zapatero. "It is advisable to hold elections this fall so a new government can support economy in 2012, fresh voice. "

Zapatero has imposed austerity and reforms last year as markets sovereign debt threatened to put his country in a similar situation in Portugal, Greece and Ireland - who all need bailouts. He said that major reforms will be completed in September and other measures to reduce the deficit come next month.

Unemployment is running at 21%, according to second quarter results released Friday. The figure came despite a booming tourist season, helped by the nerves of the tourists to visit Arab countries like Tunisia and Egypt in the spring. Elections came six months after Zapatero's Socialist Party was trounced in regional and municipal elections in May.
  • A survey by the Centre for Sociological state this week gave the right-wing opposition Partido Popular (PP), Mariano Rajoy, who won the vote in May, a seven-point lead over Socialists.
This would be sufficient for the PP to govern reformer, although he would not win an absolute majority and will have the support of the Conservatives, the nationalist parties in Catalonia and the Basque Country. Zapatero, who served two terms, since 2004, is replaced as party candidate for Prime Minister Alfredo Perez Rubalcaba, the former deputy prime minister who would take the far left. It would also cover some of the demands of so-called movement "scandalized" the protests that took the streets of Spain in recent months, including electoral reform.

Rajoy promised that it would be a centrist minister, the moderate first.

The decision to proceed with the election comes as pressure has increased on sovereign debt of Spain.


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