Span­ish So­cial­ists hurt­ing af­ter lo­cal elec­tion re­sult

Kathimerini English - - Business & Finance -

MADRID (Reuters) – Spain’s rul­ing So­cial­ists were reel­ing yes­ter­day from sting­ing losses in lo­cal elec­tions and now have to bal­ance voter anger over high un­em­ploy­ment and in­vestor de­mands for aus­ter­ity mea­sures. A week of protests by Spa­niards fed up with the stag­nant econ­omy and the Euro­pean Union’s high­est job­less rate pre­ceded Sun­day’s elec­tions, which left the So­cial­ists out of power in most of the coun­try’s cities and al­most all of its 17 au­ton­o­mous re­gions. Prime Min­is­ter Jose Luis Ro­driguez Za­p­a­tero on Sun­day night con­ceded the So­cial­ists had lost heav­ily but said he planned to stay on to the end of his term in March next year. The cen­ter-right op­posi- tion Pop­u­lar Party has called for the So­cial­ists to re­sign sev­eral times in re­cent months, but leader Mar­i­ano Ra­joy did not call for early elec­tions at a vic­tory rally on Sun­day night.

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