Esperanza Aguirre News
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Spanish Prime Minister Mariano Rajoy rejected calls by a rival to loosen control over his allies in parliament, deepening divisions in the ruling party.
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Esperanza Aguirre, a one-time challenger to Spanish Prime Minister Mariano Rajoy, resigned as president of the region of Madrid, citing personal reasons.
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Spanish regions should return some powers to the central government to save money, said Esperanza Aguirre, president of the region of Madrid.
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Prime Minister Mariano Rajoy said Spain’s future is on the line in its battle to tame surging bond yields, as the head of the nation’s second-largest region proposed handing back powers to the government to cut costs.
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Madrid’s suspended its plan to build an airport for business jets and general aviation south of the city in El Alamo, a victim of budget cuts and demand forecasts, Cinco Dias reported, citing unidentified people.
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Losing two elections may be the best thing that ever happened to Mariano Rajoy’s career.
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Prime Minister Mariano Rajoy’s credibility is being undermined by the role of his People’s Party in the failure of the Bankia group, Spain’s third-biggest lender, and the emergence of more unpaid government bills.
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Spain’s efforts to calm investors with an additional 10 billion euros ($13 billion) of budget cuts in education and health failed to stem concerns the nation may be the fourth euro member to need a bailout.
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Mariano Rajoy, who has become Spain’s prime minister after an eight-year wait, will have to act quickly as borrowing costs approach euro-era records and the country risks becoming the next victim of the region’s debt crisis.
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Spanish Prime Minister Mariano Rajoy won the backing of his party’s regional leaders for austerity plans that include reduced spending on health and education.
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