VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД
breakingnews
Go to main page   News   Socialist government takes hammering in Spanish elections  
MORE ON THE STORY
The shadows of people taking part in a demonstration organised by the group dubbed 'Youth Without a Future' in Madrid, to protest against professional and social conditions of the youth in Spain, May 15, 2011 (AFP Photo / Getty Images) 16.05.2011, 09:35 6 comments

Signals Spain may seek bailout spelling disaster for eurozone

Violent protests against austerity cuts have broken out in Spain, as the country struggles to deal with record-high unemployment signaling that Madrid could possibly be next in line for an EU bailout.

Cracked piggy bank 15.04.2011, 10:12 4 comments

IMF and World Bank’s aid tightens noose around poor nations

The help provided by the World Bank and International Monetary Fund to debt-stricken countries is aimed at aiding their recovery, but it seems to be dragging them deeper into trouble.

18.01.2011, 11:47 1 comment

Europe cannot afford Euro – MEP

Eurozone finance ministers are meeting in Brussels to discuss whether to boost the EU bailout fund which was only set up last year.

Opponents of railway project Stuttgart 21 hold a protest rally at the Schlossplatz in the southern German city of Stuttgart on October 16, 2010 (AFP Photo / Uwe Anspach Germany Out) 31.12.2010, 06:47

Europe concludes tough year, faces more protests in 2011

As Europe wraps up a year riddled with financial trouble and massive protests, it is facing still more challenging prospects.

(AFP Photo / Pierre-Philippe Marcou) 18.12.2010, 15:08

Spaniards take to streets to protest austerity measures

There are fresh demonstrations in Madrid against severe budget cuts as the country tries to reduce its massive debt.

Socialist government takes hammering in Spanish elections

Published: 23 May, 2011, 02:47

Protestors attending a demonstration against Spain's economic crisis and its sky-high jobless rate in Madrid (AFP Photo / Pedro Armestre)

(3.0Mb) embed video

TAGS: Election, Crisis, Protest, Politics, Yulia Shapovalova, Employment, Opposition


Spain’s governing Socialist Party has suffered bruising defeats in Sunday’s elections, seemingly in response to its handling of the country's mounting economic crisis. Its rival, the conservative People’s Party, is almost ten percentage points ahead.

With 91 per cent of the votes counted, the opposition People’s Party have won 38 per cent of the vote in the municipal elections, compared with 28 per cent for the ruling Socialists.

We must congratulate the Popular Party since they've won Spain's municipal elections by a wide margin," said Deputy Prime Minister Alfredo Perez Rubalcaba.

In the fight against recession, Jose Zapatero’s government had recently introduced severe austerity measures which added fuel to the growing frustration with high levels of unemployment.

Voting took place amid anti-government protests that have been intensifying across Spain, despite the official ban on political demonstrations in the days leading up to the elections.

At least 30,000 people have occupied Madrid's central square for days over the government's economic policies and soaring unemployment. There were also nationwide demonstrations over the crippling recession.

Demonstrators conducting rallies in Madrid and other cities said the protests would continue for several more days.

Spain's overall unemployment rate jumped to 21 per cent in the first months of 2011, becoming the highest in the industrialized world. Youth unemployment stands at a disastrous 45 per cent.

There are fears that if the situation does not change soon, Spain could be next in line for an EU rescue package.

0 (0 votes)
 
Back to top
next MORE NEWS
It is clear that the United States is losing patience with Netanyahu and the overall situation in Israel. Joshua Roberts / Getty Images / AFP 23.05.2011, 01:46 15 comments

US losing patience with Israel – political analyst

In a speech to the pro-Israel lobbying group AIPAC, President Obama has said Israel will face growing isolation without a credible Middle East peace process and repeated his call for Israel to retreat to pre-1967 borders.

RIA Novosti / Ilya Pitalev 23.05.2011, 03:31 1 comment

Vintage cars rally to capture Muscovites’ hearts

American corvettes and Soviet-era Volgas have been cruising the streets of the Russian capital - instead of the modern-day models which usually rule the roads - in an annual vintage automobile event.

michael walsh May 23, 2011, 23:13
0

There is nothing wrong with Socialism as such. Its failing is the kind of people attracted to it. First there are the incompetent theorists; the lemmings who blindly follow their agenda even when failure is screamingly self-evident. In the real world they couldn’t organise a party in a brewery.

To these must be added the chancers, the parasitical conmen of all societies who have not a thought for the principles of Socialism. Let us not forget the Capitalist Trojan horse who from within manipulate Socialism. In the United Kingdom and Spain some of the richest blood-suckers are closely associated with the so-called parties of Socialism.

Nay Lin Maung May 23, 2011, 05:32
0

Spanish kingdom is in the crisis.

 

There is not easy way out for what spanish people face in today.

 

If spain government needs bail out, he starts to prepare asking help from IMF and European central bank now.

 

In the future, his fund might not sure to get it from IMF or European Central bank.