AFP, Madrid :
With a minority government, Spain will have limited room for manoeuvre to confront the economic challenges casting a cloud over its attempt return to growth, starting with the deficit and unemployment.
After winning a parliamentary confidence vote, conservative Prime Minister Mariano Rajoy is back in power after Spain experienced 10 months without a fully-functioning government following two inconclusive general elections.
First and foremost, the premier will need to get a 2017 budget approved by parliament, a key move that has been delayed by Spain’s political deadlock.
Under EU scrutiny, Spain must reduce its deficit to 4.6 percent of its GDP this year, and 3.1 percent in 2017.
With a minority government, Spain will have limited room for manoeuvre to confront the economic challenges casting a cloud over its attempt return to growth, starting with the deficit and unemployment.
After winning a parliamentary confidence vote, conservative Prime Minister Mariano Rajoy is back in power after Spain experienced 10 months without a fully-functioning government following two inconclusive general elections.
First and foremost, the premier will need to get a 2017 budget approved by parliament, a key move that has been delayed by Spain’s political deadlock.
Under EU scrutiny, Spain must reduce its deficit to 4.6 percent of its GDP this year, and 3.1 percent in 2017.
