MADRID (Reuters) – Spain’s ability to meet deficit reduction targets was thrown into doubt on Monday after voters angry over austerity and the EU’S highest jobless rate gave the ruling Socialists a fierce drubbing in local elections.
A week of protests by youth fed up with the stagnant economy and a 21.3 percent jobless rate preceded Sunday elections that left the Socialists without a single important mayor’s office and only a handful of Spain’s 17 regional legislatures.
MADRID, May 23 (Reuters) – Spain’s ruling Socialists reeled
on Monday from stinging losses in local elections, and now face
a balancing act between voter anger over sky-high unemployment
and investor demands for strict austerity measures.
A week of protests by Spaniards fed up with the stagnant
economy and the EU’s highest jobless rate preceded Sunday’s
elections, which left the Socialists out of power in most of the
country’s cities and almost all the 17 autonomous regions.
MADRID (Reuters) – Spaniards began voting on Sunday in local and regional polls expected to deal heavy losses to the ruling Socialists, who are blamed for widespread unemployment that has off a wave of pre-election protests.
Tens of thousands of Spaniards demonstrated in the past week in city squares around the country against austerity measures that have kept a fiscal crisis at bay but aggravated the highest jobless rate in the European Union.
MADRID (Reuters) – Hundreds of young Spaniards camped out in Madrid and other cities on Saturday to protest against high unemployment and austerity, defying a ban on demonstrations in the run up to local elections.
The number of protesters, dubbed “los indignados” (the indignant), was expected to swell by the evening, after 25,000 people crammed into Madrid’s main plaza on Friday night.
MADRID (Reuters) – Spain is reviewing a ban on protests on the eve of Sunday’s local elections to avoid a standoff with the anti-austerity demonstrators who have filled Spain’s squares this week, the prime minister said on Friday.
The electoral board said late on Thursday that electoral rules prohibit any campaigning on the “day of reflection” on the eve of voting, as well as on polling day.
MADRID (Reuters) – Spain’s electoral oversight body ruled that jobs protests which young people are staging across the country would be illegal over the coming election weekend, but some demonstrators said they would defy the ban.
Dubbed “the indignant,” youth protestors angry about unemployment and austerity measures have demonstrated for five days in the central squares of cities all over Spain, marking a shift after years of patience with an economic downturn.
MADRID (Reuters) – Spain’s economy grew in the first quarter at its fastest annual pace for almost two years but domestic demand continued to lag, raising concerns it could yet struggle to sustain a rebound from a harsh recession.
The economy expanded 0.8 percent, just ahead of forecasts and its strongest rate since the second quarter of 2008 as exports performed robustly, the National Statistics Institute reported.
MADRID/BERLIN (Reuters) – European happiness with the death of Osama bin Laden was tempered on Wednesday by details showing he was unarmed when shot dead and qualms about whether torture of prisoners helped U.S. forces track him down.
Al Qaeda leader bin Laden — the world’s most wanted man — was shot in the head in a U.S. special forces raid on his walled villa hideout in Pakistan on Monday.
MADRID, April 13 (Reuters) – Chinese investors including the
country’s sovereign wealth fund may inject $13 billion into
Spanish banks, a government source said on Wednesday after
Spain’s premier met financial authorities in Beijing.
Concerns about delays in recapitalising Spain’s ailing
savings banks — heavily exposed to bad loans from a burst
property bubble — have overshadowed the euro zone state’s
efforts to convince markets it is in no danger of needing a
MADRID, April 12 (Reuters) – China will carry on buying
Spanish debt and will help fund a restructuring of the euro zone
state’s savings banks, a Spanish government source said after
the countries’ leaders met in Beijing.;
“China has shown itself to be a very good friend to Spain as
we’ve confronted the difficulties of the financial crisis, which
fortunately are being solved,” Spanish Prime Minister Jose Luis
Rodriguez Zapatero told Spanish radio stations from Bejing.