Spain Votes Today

Socialist Prime Minister Zapatero is stepping down as the Spanish economy continues to plummet.

It’s election day in Spain, where a rough economic crisis has sent longtime Prime Minister and Socialist party Leader Jose Luis Rodriguez Zapatero packing. If the polls are accurate, the conservative Mariano Rajoy will likely win with his commitment to reduce the deficit any way he can. Rajoy has suggested tax cuts for businesses, though he says he will not cut pensions. Spain currently has a 21.5-per-cent unemployment rate, rising to 45 per cent among the young. The results of the election will be announced this evening. Since Zapatero called the early election and did not run for a third term, Spain will soon be home to the third government this month to lose power over the dire financial situation in Europe.