L'Espagne de Zapatero: rupture ou continuité ?

Sabine Le Bayon

Revue de l'OFCE, 2008, vol. n° 104, issue 1, 5-42

Abstract: Succeeding the conservative José Maria Aznar, the socialist Luis Rodriguez Zapatero became Prime Minister in March 2004. Economics? growth was strong with an important reduction of unemployment and a public deficit close to zero, but many imbalances were pointed out (low productivity, high inflation, a fall of competitiveness, overvalued house prices, precariousness on labour market and low social security benefits). As the end of his term approaches, this article aims at analyzing his economic policies. Zapatero undertook many reforms (on labour market, pensions...), resulting from a delicate trade-off between the social promises and the will to preserve a budget surplus. But these reforms haven?t been ambitious enough to deeply modify the Spanish economy. Finally, Zapatero?s economic policies seem very similar to those of Aznar, with the exception of social ones and investment. JEL classification: E2, E62, O52.

Keywords: Spain; public finance; economic policy (search for similar items in EconPapers)
JEL-codes: E2 E62 O52 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_104_0005 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2008-1-page-5.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:reofsp:reof_104_0005

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().