Is Spain ready to step back from Socislism ?

[dogtowner]

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Could be, lools like they're prepared to elect a conservative PM. Not like he's an actual conservative but still a step in the right direction ala Merkel and Sarkozy.

Spain's veteran conservative leader, who appears to be on course to be elected as prime minister at his third attempt on Sunday, has expressed hope that financial markets will relax their pressure on Madrid.


Mariano Rajoy, leader of the People's party (PP), spoke out as the interest on Spanish debt remained above 6% for a fifth day running, ahead of an election being carefully followed across Europe.


"We hope this [pressure] stops and that people realise there's an election here and that the party that wins has the right to a minimum margin," the PP leader told Onda Cero radio in remarks reported by the Associated Press.


Elena Salgado, the Spanish finance minister, said investors were wrong to target Spain because its overall debt-to-GDP ratio of around 70% was manageable. "We are seeing systematic attacks on our sovereign debt," Salgado told Cadena Ser radio. "Today it is Spain, yesterday it was Italy, the day before that it could have been Belgium, and tomorrow it could be any other country."


Rajoy, who first challenged for the premiership in 2004, is expected to unseat the Socialists on Sunday amid widespread unhappiness with José Luis Rodríguez Zapatero, who has announced he will stand down after the vote.

As Maggie T pointed out, 'Socialism is fine until you run out of other people's money to spend'.

 

[Pandora]

All it will take to change their minds is a terrorist bombing a train or something, which is what, drove them to the socialist government last time.

 

[vigilante]

There are structural problems. They must decide either centralist, more integrated Euro zone or less integrated one. Therefore, I think, politicians do not have many options in that current situation.

Look at İtaly or Greece. A cabinet of technocrats takes office, not politicians.

 

[dogtowner]

There are structural problems. They must decide either centralist, more integrated Euro zone or less integrated one. Therefore, I think, politicians do not have many options in that current situation.

Look at İtaly or Greece. A cabinet of technocrats takes office, not politicians.

time will tell on how it will play out of course but its pretty standard to see the pendulum swing when things hit the fan.