November 29, 2011

Zapatero's Dismal Legacy

Christopher Caldwell, Weekly Standard

AP Photo

Just as incoming American presidents are given the atomic “briefcase” by their predecessors, along with the codes for launching a nuclear attack, perhaps Spanish prime ministers will henceforth receive a begging cup and a German phrasebook. It was al Qaeda that made José Luis Rodríguez Zapatero of the Socialist Workers’ party (PSOE) Spain’s prime minister; Lehman Brothers and the euro crisis have unmade him, putting his country at the financial mercy of its European neighbors.

Read Full Article ››

TAGGED: Mariano Rajoy, Jose Luis Rodriguez Zapatero, Spain, Eurozone

RECOMMENDED ARTICLES

May 18, 2012
Apocalypse Fairly Soon in Europe
Paul Krugman, New York Times
For the past two-and-a-half years, European leaders have responded to crisis with half-measures that buy time, yet they have made no use of that time. Now time has run out. more ››
The Spanish snub to the Queen smacks of a government that is anxious to distract public attention from its domestic woes. more ››
May 18, 2012
Are Germans Destined to Save the Euro?
Jeremy Warner, Daily Telegraph
To make it work, the euro will have to become a very different kind of monetary union. Whatever the historic mission, it's not clear that Germans are yet ready - politically, culturally, constitutionally or economically... more ››
May 14, 2012
Everyone's Bluffing, Including the Greeks
Matthew Yglesias, Moneybox
Is a Greek departure from the Eurozone imminent? The smart set in the world media seems to have decided overnight that it is, but I'm not so sure. more ››
Although the new French president, Socialist François Hollande, will not introduce great changes in France's European policy, his election may lead to its re-evaluation. Whether he undertakes structural reforms to boost... more ››