Rajoy sworn in as Spanish Prime Minister

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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