A Changing Political Landscape

Spain is the latest of the Eurozone countries to have seen a change in their government this week. After winning the Spanish parliament election on Sunday, the People’s Party leader, Mariano Rajoy, pledged to cut the country’s budget deficit and regain the nation’s AAA credit rating. Ireland, Portugal, Greece and Italy have all already appointed new leaders since the emergence of the debt crisis. At home, with the expectation of weak growth, the prospect of more aggressive QE looms large.

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A Changing Political Landscape

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