Tuesday, November 22, 2011

SPAIN – CONSERVATIVE PARTY COMES TO POWER

On Sunday 36 million of Spanish voters marched to the polling booths to elect a new govt. It was a foregone conclusion that the ruling socialists under the President Jose Louis Rodrigues Zapetro is going to bite the dust after eight years of consecutive rule. Though the Socialist Party implemented a few popular measures on the economic front it was an abject failure like most of the European countries such as Iceland, Greece, Ireland, Italy, Portugal where the incumbent rulers were forced to quit due to the precarious economic situation.
As anticipated by observers the Conservative Popular Party of Mario Rejoi romped home with 186 seats to his party’s credit out of a total of 350 seats. The socialists had to be satisfied with a meager 111 seats the first time in History its tally has gone down to such a poor level.
Socialist leader Zapetaro’s austerity measures like five percent salary cut, pension freeze, raising of retirement age from 65 to 67 years and other spending cuts invited the wrath of the people which led to his humble performance at the hustings. Five million unemployed youth are a big burden to any govt coming to power.
The European recession has almost badly affected most of the Eurozone countries and Spain is no exception.
The Conservative Party too has to walk a tight rope like its predecessor, the Socialists and people had expected that the Conservative Party would do something for their betterment. But the victorious leader Maria Rejoi has made it clear that we have no magic wand to reduce the mounting debts of the country and hence austerity measures are here to stay.
The people are disappointed and disillusioned at the current state of affairs and they find no way out of the helpless condition.

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