Pressure builds on Rajoy to reveal plans

Fitch urges PP to introduce sweeping reforms after poll win

EL PAÍS / A. S. Madrid 22 NOV 2011 - 20:56 CET

Prime Minister-elect Mariano Rajoy on Tuesday came under increasing pressure from the markets and the international community to unveil how he plans to get Spain's financial house back in order and avoid the fate of Greece, Ireland and Portugal in having to go cap in hand to the European Union and the IMF.

Just two days after the opposition Popular Party won an absolute majority in Sunday's general elections, Fitch Ratings urged the incoming government to come up with new measures to tackle the public deficit.

"The government's fresh mandate, following the victory, with an outright majority, of the Popular Party in Sunday's parliamentary election, provides a window of opportunity," Fitch said. "If it is to improve market expectations of its capacity to grow and reduce debt within the confines of the euro zone, it must positively surprise investors with an ambitious and radical fiscal and structural reform program."

In an editorial published Tuesday, the Financial Times said: "Rajoy has no time to lose. He must not miss the window of opportunity that his weekend election has opened."

In a telegram congratulating him on his victory, German Chancellor Angela Merkel said Rajoy had a "clear mandate" to "rapidly" push through the reforms that both Spain and the European Union need.

Rajoy has yet to name his Cabinet and the new government is not expected to be in place until well into December. Members of his team say he is working to ensure a smooth transition.

Meanwhile, Spain on Tuesday paid more than Greece to issue short-dated Treasury bills.

Otras noticias

Últimas noticias

Ver todo el día

Un gigante en Brasil

Latinoamérica y Brasil pierden con la muerte de Chespirito un importante elemento de integración

La campaña de las primarias de IU acaba con un cruce de pullas

Tania Sánchez arremete contra quienes “amañan y mienten” para que no gane "Nosotros no venimos de dinastías que heredan las concejalías de padres a hijas", dice su rival

El Papa considera lícita la lucha al yihadismo y reclama otras medidas

Francisco apela en Turquía al diálogo entre credos para vencer el fanatismo

Muere Chespirito, el actor que dio vida al Chavo del 8

Roberto Gómez Bolaños (Ciudad de México, 1929), uno de los artistas más populares de América Latina, falleció este viernes a los 85 años


Mexican president dissolves municipal police forces

Peña Nieto announces raft of measures and reforms in bid to halt drug gangs

Venezuelan opposition leader facing plot charges

María Corina Machado is accused of trying to eliminate President Nicolás Maduro to pave the way for a coup

Internal fan battles grow fiercer at Argentinean clubs

Recent skirmishes between rival River Plate factions symbolize close ties between politics and soccer

Kirchner supporters attack judge investigating president’s hotel firm

Argentinean state imposes $350 fine on company for irregularities

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana