Posted on 12/13/2011 5:23:05 PM PST by Kaslin
Spain's recent elections produced one of the most lopsided results since the country's return of democracy in 1975.
With a 186-seat parliamentary majority and more than 44% of the vote, the conservative Popular Party managed its best performance ever, while the ruling Socialists suffered their worst defeat. If incoming President Mariano Rajoy doesn't deliver his country from economic catastrophe, it won't be because he lacks political support.
Of all the troubled countries in Europe, Spain is the most significant. Given their relatively small sizes, Greece, Ireland and Portugal — the countries already temporarily "rescued" by the European Union — do not represent the core of the euro zone. And Italy, whose troubles are comparable to Spain's, has a long history of getting into trouble and muddling through. So Italy's problems raise few eyebrows.
But Spain was supposed to be different. Spain was the great success story of modern Europe, a nation that leapt from political isolation, economic backwardness and social repression to modernity. Its current plight, therefore, is more consequential.
Spain's problems, frankly, should have been anticipated. Somewhere during that splendid leap forward, many Spaniards lost the connection between effort and reward. They forgot that working, saving and investing real assets is the path to success. They decided to reap the rewards without renewing the effort, not realizing that sooner or later prosperity would stop.
(Excerpt) Read more at news.investors.com ...
Yep, we’ve heard of the stain of rain on the plain in Spain.
Especially because 90% of the legislators are full blown marxist.
If the foolish people don’t want to tighten their belts, let them starve. People who want socialism need to experience it in its full blown effect.
Ah, Espana...Con sus nubes altas se reflejan en...
Oh, that was part of another commercial.
There is no Spanish President.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.