MADRID (Reuters) – The tortuous procedures of the Spanish court system and a weak political opposition mean corruption allegations are unlikely to force Prime Minister Mariano Rajoy from office.
Uproar in the media and some street protests have helped raise doubts among investors on the government’s future, pushing its borrowing costs back up at a time when its priority has been to save money and pay off debts to stave off insolvency.
MADRID, Feb 2 (Reuters) – Spanish Prime Minister Mariano
Rajoy on Saturday strongly denied wrongdoing in a growing
corruption scandal that threatens to erode his credibility just
as he is making headway against a deep economic crisis.
The ruling People’s Party (PP) has been buffeted all week by
media reports alleging that its former treasurers operated a
slush fund with donations from construction industry executives
that were then doled out to Rajoy and other party leaders.
MADRID (Reuters) – Spain’s ruling People’s Party denied on Thursday that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts.
El Pais published images of excerpts of almost two decades of handwritten accounts that it said were maintained by People’s Party treasurers. The newspaper said the accounts showed 11 years of payments to Rajoy of 25,200 euros a year.
MADRID (Reuters) – Prime Minister Mariano Rajoy and Spain’s ruling People’s Party denied on Thursday that the party made unofficial payments from business donors to the premier and other party leaders after a newspaper published what it said were secret party accounts.
El Pais published images of excerpts of almost two decades of handwritten accounts that it said were maintained by People’s Party treasurers. El Pais said the accounts showed 11 years of payments to Rajoy of 25,200 euros ($34,200) a year.
MADRID (Reuters) – Spain’s conservative prime minister is preparing a package of small measures – such as tax breaks for young entrepreneurs – to stimulate the economy even as he vows to stick to budget cuts.
Prime Minister Mariano Rajoy, whose popularity has plummeted after a year in the job, will announce the steps on February 20 in his first State of the Union address in an effort win back public trust after severe spending cuts.
MADRID/CARACAS (Reuters) – Spain’s influential El Pais newspaper apologized on Thursday for splashing a “false photo” of Venezuela’s cancer-stricken leader Hugo Chavez on its front page, prompting a furious response from the government in Caracas, which vowed to take legal action.
Within minutes of posting the image online as a global exclusive, El Pais said it had discovered from social media that the photo was not of Chavez. It removed it from its website and withdrew its print edition.
MADRID (Reuters) – Spain’s influential El Pais newspaper apologized on Thursday for publishing a “false photo” of elusive, cancer-stricken Venezuelan President Hugo Chavez, removed the image from its website and withdrew its print edition.
Chavez is currently convalescing in Cuba after undergoing surgery for cancer for the fourth time on December 11. He has not been seen publicly for six weeks, fuelling rampant speculation over how serious his condition is.
MADRID (Reuters) – Spain’s influential El Pais newspaper withdrew what it said was “false photo of Hugo Chavez” that it had published in its on-line and print editions on Thursday.
Venezuelan President Chavez has cancer and has been under medical treatment in Cuba where he underwent surgery in December. He has not been seen publicly for six weeks.
MADRID, Jan 15 (Reuters) – Spain saw its short-term
borrowing costs sink on Tuesday in an auction that drew strong
demand, tapping an upturn in investor sentiment to make early
inroads into its debt issuance programme for the second year
The Treasury sold 3.2 billion euros ($4.28 billion) of a
12-month bill and 2.5 billion euros of an 18-month bill. Yields
on both fell sharply, with the shorter paper dipping under 1.5
MADRID (Reuters) – Brussels may never build a monument to notoriously stubborn Spanish Prime Minister Mariano Rajoy but he has won grudging respect at home and in some quarters abroad for dragging out a request for an EU bailout.
Rajoy has resisted immense pressure from the European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF), Spanish business leaders and even his own cabinet as he seeks the perfect political timing to ask for aid.