BackSpanish vote heralds more austerity
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18 Nov 2011, 09:01 PM IST
Spanish vote heralds more austerity
PremiumElection frontrunner: Popular Party leader Mariano Rajoy greeting supporters at the Plaza Valencia bullring in Valencia on Sunday (Getty Images)
Madrid: Spaniards look poised to elect a new government with a clear mandate for change, at a time when political turmoil in Greece and Italy has brought a sharp escalation of Europe’s debt crisis.
Election frontrunner: Popular Party leader Mariano Rajoy greeting supporters at the Plaza Valencia bullring in Valencia on Sunday (Getty Images)
Also Read | Spanish bad loans rise
A growing chorus of economists and euro zone politicians are saying the only way to the stem the crisis is for the European Central Bank (ECB) to aggressively ramp up its purchases of government debt.
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Published: 18 Nov 2011, 09:01 PM IST
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