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Economic Research

Spain: Political Volatility Representative of Wider Eurozone Trend

On April 3, Spain’s Prime Minister, Jose Luis Rodriguez Zapatero, ended months of speculation by announcing his decision not to contest the country’s next general election in March 2012. The Socialist Party leader’s decision was partly in keeping with the recent tradition established by his predecessor, Jose Mari Aznar, where incumbent prime ministers have not a sought a third four-year term in office. However, the prime minister’s plummeting personal popularity was also a major catalyst, with its timing just ahead of next month’s regional and local elections far from[...]

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