10 October 2010

SPAIN: Economic Crisis Zaps Zapatero's Standing And Future.

NYT/   By RACHEL DONADIO and RAPHAEL MINDER /
     Prime Minister José Luis Rodríguez Zapatero is at his weakest point since being elected in 2004 as continued 20 percent unemployment and a series of unpopular new austerity measures plague his nation's economy.
    “Never in the history of Spanish democracy has a government taken such negative measures,” said union president Cándido Méndez, and an organizer of a recent national strike. “If the Spanish market were so rigid, then so many people wouldn’t have lost their jobs,” he added.
The IMF predicts a mere 0.7 percent growth for the Spanish economy next year.
“In my view, Zapatero is dead now politically,” said a newspaper editor. “The Socialist Party just needs to decide when to hold the funeral.”