World News Insights
1-3 Minute Gist

All Topics Article

What Spain owes the ejected Mariano Rajoy

The Economist Original article ›
LyrArc Article Gist
This editorial in the Economist says Spain's economy has recovered to pre crisis levels by 2018 with growth at 3 percent. It says Spain had a bigger crisis than Italy and took stronger measures under prime minister Rajoy to fix problems in its banking system, address the housing crisis, and unemployment. Italy's steps by comparison were timid and faltering. Mr. Rajoy had his problems including corruption scandals in his party and a poor handling of the Catalan drive for independence. Yet Spain owes muchas gracias to Rajoy for his leadership in bringing Spain out of the housing and economic crisis, and for running the country for two and a half years after losing his majority in parliament. 

Another difference with Italy is the generally favorable attitude to immigration for all parties. Of the newer parties Ciudadanos remains at the centre and the Podemos party remains to the left in politics, as part of the populist changes in Spain during the economic crisis. The new government of Pedro Sanchez has a positive attitude to immigrants and to women, with the largest number of women in the cabinet of any European country.


Actions taken by Spain's government of Mariano Rajoy to improve the competitiveness of the economy- 2012-2014

02/08/2012

Grouped Articles

Spain Emerges From Recession but Sees More Austerity Ahead

Wall Street Journal 09/23/2013

Departing EADS Chief Urges Europe to Recommit to Industry

New York Times 04/12/2012

Spain Plans to Burn Its Bridges to Keep Vacationers on the Job

Wall Street Journal 02/08/2012

Spain Approves Changes to Labor Policy

New York Times 02/10/2012

Germany's Inflated Fear of Inflation

Wall Street Journal 02/14/2012

The Rest of Europe vs. Germany

New York Times 02/16/2012

Bad loans in Spain's banking system from the housing bubble

04/04/2009

Grouped Articles

The Spanish Reform Model

Wall Street Journal 09/28/2011

The Pain in Spain Falls Mainly on the Cajas

BusinessWeek 02/25/2010

Spain's Banks Boost Books by Refinancing Loans to Homeowners

Wall Street Journal 11/07/2013

The mess in La Mancha

Economist 04/04/2009

Spanish House Prices Decline Again

Wall Street Journal 05/28/2014

Spain Still Suffering Fallout From Housing Bust

Wall Street Journal 05/28/2014

Spain's sale of a 7.5% stake in Bankia in Feb. 2014

02/28/2014

Grouped Articles

Spain Launches Privatization of Bankia

Wall Street Journal 02/28/2014

What Spain owes the ejected Mariano Rajoy

The Economist 06/11/2018

Spain's unemployment rate in 2013, and the beginning of a turnaround

07/25/2013

Grouped Articles

Spanish Jobless Rate Has First Drop in Two Years

Wall Street Journal 07/25/2013

Spanish Job Market May Be Turning Around

Wall Street Journal 01/24/2014

Spain’s Unemployment Declines in 2014

Wall Street Journal 01/05/2015

Eurozone unemployment hits lowest level in eight years | Business | DW | 31.07.2017

DW.COM 07/31/2017

What Spain owes the ejected Mariano Rajoy

The Economist 06/11/2018

Spain's Ada Colau and the PAH (Platform for People Affected by Mortgages)

12/20/2013

Efforts to change Spain's banking and mortgage laws that have affected many Spanish people during the housing crisis and introduce fair practices.

Grouped Articles

Leading the Charge Against Spain’s Mortgage Crisis

New York Times 12/20/2013

Spain Still Suffering Fallout From Housing Bust

Wall Street Journal 05/28/2014

Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers

Wall Street Journal 04/14/2015

What Spain owes the ejected Mariano Rajoy

The Economist 06/11/2018

Spain's cleanup of bad bank assets under prime minister Rajoy in 2012-2013

09/28/2011

Grouped Articles

The Spanish Reform Model

Wall Street Journal 09/28/2011

Spain Emerges From Recession but Sees More Austerity Ahead

Wall Street Journal 09/23/2013

Spain Weighing a Fast, Costly Cleanup of Banks

Wall Street Journal 12/07/2011

Why European Banks Are Sacrificing Growth

BusinessWeek 12/15/2011

Spain's Rajoy Takes Aim at Deficit

Wall Street Journal 12/20/2011

A Central Bank Doing What Central Banks Do

New York Times 12/21/2011

Spain's prime minister Mariano Rajoy's handling of the economic and banking crisis in Spain

09/28/2011

Rajoy's history cautiously embracing politics as Spain emerged from the Franco era, his father's advice to avoid politics after the searing experience of his grandfather in Galicia, the early years in Pontevedra, Galicia, and regional pride in Galicia, are described in Rajoy's book "En Confianza." Regional pride and the European experiment appear to be intertwined, just as Germany would like to see its political entity merged with a European entity, Spain would like to see its political entity merged with the European entity, because of a searing interwar period. Rajoy would genuinely like to see the European experiment go forward as he made the decision to accept EU aid.

Grouped Articles

The Spanish Reform Model

Wall Street Journal 09/28/2011

Spain Emerges From Recession but Sees More Austerity Ahead

Wall Street Journal 09/23/2013

Spain Plans to Burn Its Bridges to Keep Vacationers on the Job

Wall Street Journal 02/08/2012

Mariano Rajoy of Spain Steps Up in Debt Crisis

New York Times 06/10/2012

EU: Spain Banks Will Be Monitored

Wall Street Journal 06/11/2012

Spain's Handling of Bankia Repeats a Pattern of Denial

Wall Street Journal 06/11/2012

Spain's economy in 2016

03/07/2016

Grouped Articles

Spain’s Political Deadlock Dents Economic Rebound

Wall Street Journal 03/07/2016

Spain’s Long Economic Nightmare Is Finally Over

The New York Times 07/28/2017

What Spain owes the ejected Mariano Rajoy

The Economist 06/11/2018

Spain's May 2015 local elections and new faces in major cities- activist Ada Colau in Barcelona and retired judge Manuela Carmena in Madrid

05/24/2015

Grouped Articles

Ruling Party Loses Hold as Leftists Surge in Spain

New York Times 05/24/2015

New Wave of Leftists Takes Power in Spanish Cities

Wall Street Journal 06/15/2015

Spain’s Ruling Popular Party Loses Parliamentary Majority in Elections

Wall Street Journal 12/21/2015

Spain: Socialist Aims to Form Coalition

New York Times 02/02/2016

Venezuela Casts a Long Shadow on Elections in Spain

The New York Times 06/19/2016

Spaniards, Exhausted by Politics, Warm to Life Without a Government

The New York Times 10/02/2016

The impact of the housing bubble related banking crisis on small and medium sized business in Spain

02/25/2010

About 60% of the economy and 80% of the jobs in Spain are with small and medium sized business. The consolidation of banks is leading to loss of local contact. The need to build capital reserves to cover bad loan losses means banks are calling in loans to these businesses. This is happening in smaller towns and cities across Spain, and will worsen the already high 25% unemplyment rate. The credit squeeze is hurting the recovery.

Grouped Articles

Europe’s credit crunch: Mend the money machine

Economist 05/16/2013

The Pain in Spain Falls Mainly on the Cajas

BusinessWeek 02/25/2010

For Some in Europe, High Lending Rates Hamper Recovery

New York Times 05/12/2014

E.C.B. Plots Strategy for Staving Off Deflation

New York Times 05/26/2014

Spanish Loan Data Suggests Modest Recovery

Wall Street Journal 10/25/2014

In Spain, Banks Find Dry Lending Landscape

Wall Street Journal 12/04/2014


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us