Spain: economy rises while Parliament is blocked

The possibility that the Spanish come back for the third time at the polls, now, is a more realistic scenario. Mariano Rajoy, on Wednesday, has received the rejection of the Parliament with 180 "no".
The Spain's acting Prime Minister will try again in the second vote tomorrow, even if it becomes more and more concrete prospect of returning again to the polls later this year.
About the situation, the Minister of Finance Luis de Guindos warned that the Iberian economy will continue to proceed "at a slow pace" if it does not exit from the political stalemate that the country is experiencing, for several months.

The economic data, however, seem to blame him. Over the past nine months, corporate earnings, as says the National Statistics Institute, growing with an annual average of 2.3% in June, driven by trade and non-financial services. Inflation has slowed and wages rose, albeit slightly, with the exception of the construction sector. Also increase the employed. Yet the 252,300 jobs created during the past eight months, the fixed-term contracts have tripled compared to those indeterminate, a 5.45% versus 2%. Nearly four million Spaniards have a fixed-term contract and a little more than two part-time. These 6.43 million people are in essence little more than 40% of the country's salaried.