Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Pressure mounts on Spain PM Rajoy, but he's safe...for now

Thursday, February 07, 2013 - 01:47

Feb. 7 - Spain Chief Correspondent Fiona Ortiz talks about the latest twists and turns in the alleged corruption scandal engulfing the Madrid government.

▲ Hide Transcript

View Transcript

Prime minister Mac the end of our Korea come to depend character. Theories have media reports. That. A party treasurer for the ruling people's party operated secret slush fund for many years. There have been -- com spontaneous demonstrations they've been fairly small dozens to hundreds of people. Those demonstrations were last week this year we have not seen a repeat of any protests in the street. The prosecutor. Will take. Quite a bit of time to look into it and then decide whether to turn the case over to an examining magistrate to open an official investigation. Corruption cases in Spain traditionally take years and years to even go to trial there several ongoing case that's right now they have been in the investigation phase for four years or more. The corruption scandal. Threatens the credibility of my idea -- Hoyer the prime minister as he fights against a deep recession and the camp questions about the health of the country's finance. The bond auction to PA was well in terms of demand. The country's borrowing costs. Did jump up for the first time in several weeks. Right now it looks. Like the prime minister of Spain have staying power he had an absolute majority in congress so for the time being the opposition could not carry a vote of no confidence. Have a lot more of very scandalous details emerge we could see more street protests that we could see a break out and party solidarity. Add more challenges within the party to -- -- leadership in which case perhaps that could get shake here.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Pressure mounts on Spain PM Rajoy, but he's safe...for now

Thursday, February 07, 2013 - 01:47

Top News »

Rough Cuts »

Technology »

Newsmakers »

Oddly Enough »