Prime Minister Mariano Rajoy’s People’s Party has 862 elected officials across Spain at regional, national and European levels. Only one has called out the premier over allegations that he received illegal cash payments before winning office in 2011.
Five days before Christmas, ex-Deputy Prime Minister Rodrigo Rato was asked by a prosecutor probing the collapse of Bankia SA whether he’d done business with Jaime Castellanos, chairman of Lazard Ltd.’s Spanish unit.
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.
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.
Officials from the regional governments of Madrid and Catalonia, including Madrid’s finance chief, will travel to Las Vegas separately this week to meet Las Vegas Sands Corp. executives, ABC reported, without saying how it obtained the information.
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.