Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Half of Rajoy's promised reforms still to be passed

Source: El Pais - Mon 8th Apr 2013
Half of Rajoy's promised reforms still to be passed

Last September Brussels praised Prime Minister Mariano Rajoy's administration for its "well-focused" plan of reforms "with clear deadlines." But of the 72 legal changes the government promised to have in place by the end of March in time for this April's European exam, over half - 41 - have yet to see the light of day.

The government is still to pass such significant reforms as the creation of an independent fiscal authority, new electricity industry rules, the promised professional services regulation and a pension reform.

The changes are all the more pressing since Brussels last summer gave Spain an extra year, until 2014, to lower its public deficit to the three-percent ceiling, as well as awarding it an up-to 100-billion bailout to recapitalize its troubled banks. Since then European authorities have placed Spain under special watch, subjecting both its banks and government policy to quarterly exams.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs