CNBC-->article
Spain's ruling Socialists suffered a crushing defeat to conservatives in  local and regional elections Sunday, yielding power even in traditional  strongholds against a backdrop of staggering unemployment and  unprecedented sit-ins by Spaniards furious with what they see as  politicians who don't care about their plight.
Prime Minister Jose Luis Rodriguez Zapatero said the result was due  punishment of his government for the state of the economy — the jobless  rate is a eurozone high of 21.3 percent. But he said he had no plans to  move up general elections, which must be held by March of next year, and  pledged to press on with job-creating reforms despite the loud outcry  of opposition to his party. 
 
No comments:
Post a Comment