Rajoy sworn in as Spanish Prime Minister
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Last Updated: Wednesday, December 21, 2011, 16:20
  
Madrid: Conservative Mariano Rajoy has been sworn in before King Juan Carlos to become Spain's new Prime Minister.

Rajoy's Popular Party won a landslide victory in Nov. 20 elections on promises to lift Spain out of its economic crisis.

Rajoy took the oath Wednesday in the Zarzuela Palace on Madrid's outskirts. He is to name his Cabinet of ministers later in the day.

He replaces Socialist party leader Jose Luis Rodriguez Zapatero, who took office in 2004.

A real estate bubble in Spain burst in 2009, starting a near two-year recession that has left the country with a eurozone high unemployment rate of 21.5 percent as well as a swollen deficit and a stalled economy.

Bureau Report


First Published: Wednesday, December 21, 2011, 16:20


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