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Spain PM: Election Victories in Galicia Vindicate Austerity Program

Spanish Prime Minister Mariano Rajoy’s People’s Party said victory in regional elections yesterday that extended its majority in Galicia vindicated his austerity program.

“The steps that we have explained have to be taken to resolve the crisis have had overwhelming support,” Carlos Floriano, the party campaign chief, said in an interview on public broadcaster Radio Nacional de Espana. “There is no precedent in this crisis situation of a government not just defending but increasing its majority.”

Source: Bloomberg. Read full article. (link)

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