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L'Espagne de Zapatero : rupture ou continuité ?


  • Sabine Le Bayon


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.

Suggested Citation

  • Sabine Le Bayon, 2008. "L'Espagne de Zapatero : rupture ou continuité ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 5-42.
  • Handle: RePEc:cai:reofsp:reof_104_0005

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    References listed on IDEAS

    1. Henri Sterdyniak, 2004. "Contre l'individualisation des droits sociaux," Revue de l'OFCE, Presses de Sciences-Po, vol. 90(3), pages 419-460.
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    3. Jean-Paul Fitoussi, 2000. "L'avenir de l'Europe : l'ambition d'un autre contrat social," Revue de l'OFCE, Programme National Persée, vol. 75(1), pages 165-182.
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    5. Scharpf, Fritz W., 2002. "The European Social Model: Coping with the challenges of diversity," MPIfG Working Paper 02/8, Max Planck Institute for the Study of Societies.
    6. André Sapir, 2006. "Globalization and the Reform of European Social Models," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 369-390, June.
    7. Tito Boeri & Simona Baldi, 2005. "Europe(s) sociales, convergence et compétition," Revue d'économie politique, Dalloz, vol. 115(6), pages 705-719.
    8. Christine Erhel & Lou Mandin & Bruno Palier, 2005. "The Leverage Effect: the Open Method of Coordination in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00271978, HAL.
    9. Maria Jepsen & Amparo A. Serrano Pascual, 2005. "The European social model: An exercise in deconstruction," ULB Institutional Repository 2013/166129, ULB -- Universite Libre de Bruxelles.
    10. Algan, Yann & Cahuc, Pierre, 2005. "Civic attitudes and the Design of Labor Market Institutions? Which Countries can Implement the Danish Flexicurity Model?," CEPREMAP Working Papers (Docweb) 0517, CEPREMAP.
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    More about this item


    Spain; public finance; economic policy;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe


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