Spain falls into troika trap
In the end, Mariano Rajoy was bluffing - Spain is Greece, Ireland and Portugal after all, writes Joe Haslam in Madrid.
Even by the standards of a chamber that has bullet holes in its roof, last Wednesday was a dramatic morning in the Congreso de los Diputados, the lower house of the Spanish Parliament.
Enter Mariano Rajoy, prime minister since last December and leader of the Conservative Partido Popular. After a brief introduction to say how much he disliked having to do what he was about to, he proceeded to outline a series of budget cuts...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team