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L'Espagne de Zapatero : rupture ou continuité ?

Author

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  • Sabine Le Bayon

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

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.

Suggested Citation

  • Sabine Le Bayon, 2008. "L'Espagne de Zapatero : rupture ou continuité ?," SciencePo Working papers Main hal-03473698, HAL.
    • Handle: RePEc:hal:spmain:hal-03473698
    DOI: 10.3917/reof.104.0005
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03473698
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    References listed on IDEAS

    as
    1. M.ª de los Llanos Matea, 2006. "Las medidas de la política de vivienda en materia de alquileres y vivienda protegida," Boletín Económico, Banco de España, issue JUL, pages 89-98, Julio-ago.
    2. Javier Alonso Meseguer & J. Ignacio Conde-Ruiz, 2007. "Reforma de las pensiones: la experiencia internacional," Working Papers 2007-18, FEDEA.
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