5
Dec

Spanish reactions to conservatives’ victory

Tough times for Spain as austerity will be the rule. Cuts are expected in all social benefits, only pensions will be spared since they benefit 1 out of 5 Spaniards. For political analyst, Arantza de Areilza the public administration will shrink to trim the state deficit to 4,4% next year.

Arantza de Areilza, a professor in IE Business School, said, “They will have to cut the salaries of civil servants by 5% for instance and secondly I think they will reduce the number of civil servant jobs in Spain drastically. They know that they will have to undertake these reforms in the first hundred days. ” Read more…

So the landslide victory for Mr. Rajoy would be a poisoned chalice with unpopular measures that will mean a very short honeymoon with the voters.

 

As published in english.cntv.cn on November 22, 2011.

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