Spain's Economic Outlook After Elections

Nov 23, 2011 | 11:51 GMT

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Outgoing Spanish Prime Minister Jose Luis Rodriguez Zapatero’s decision to call for early general elections, held Nov. 20, allowed Spain to have a smooth political transition. While the arrival of a new government in Spain will be quieter than in other members of the eurozone, such as Italy and Greece, the new government of Mariano Rajoy has immediate challenges — among them high private debt, a fragile banking system and growing unemployment — that threaten the new administration.

While the political situation in Spain is not as turbulent as it is in Italy or Greece, Madrid still faces deep economic problems that will threaten the new administration....

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