Spain: Decreeing Structural Reform
How is the Spanish Prime Minister using an old political tactic to modernize Spain’s economy?
November 4, 2013
1. Mariano Rajoy, Spanish Prime Minister, issued more emergency laws than any of his predecessors in his first year of office.
2. Although the decrees have been largely used to push economic reform, it has sparked concern that reliance on so-called “royal decrees” is weakening Spain’s parliament.
3. In 2012, his first full year as prime minister, Rajoy issued 29 royal decrees.
4. Since Spain’s transition to democracy in the late 1970s, governments have issued 14 decrees a year on average.
From Spain rules by decree to drive reform by Tobias Buck and Miles Johnson (Financial Times)
Takeaways
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The Globalist
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