Spain’s Prime Minister Accused Of Receiving Illegal Cash Payments As Corruption Scandal Widens
2013 02 07
By Agustino Fontevecchia | Forbes.com
A corruption scandal blew up in Spanish Prime Minister Mariano Rajoy’s face over the past few days, sending the stock market down in a crash as bond yields surged dramatically. As opposition leaders call for his head, Rajoy rejected accusations that he and other top members of the Popular Party (PP) received illegal cash payments, promising to post his tax returns online so that “truth may prevail.” It appears unlikely that the so-called Gurtel Scandal will force Rajoy out, but the return of political rumblings have unsettled markets after months of relative calm, raising fears that the European sovereign debt crisis might flare up once again.
“Never, and I repeat, never have I received, nor distributed black money,” Rajoy said last Saturday, responding to accusations that he had formed part of a corruption ring that received money from a construction company in exchange for public contracts.
Mariano Rajoy with Germany’s Angela Merkel at a press conference in Berlin on Monday | |
The scandal, uncovered by Spanish daily El Pais over the past few days, bulldozed market confidence in Madrid, sending the stock market down nearly 4% on Monday. After months of continued improvement, Spanish bond markets deteriorated as well, with the yield on 10-years jumping dramatically to 5.44%, hitting its highest levels since mid-December.
Rajoy referenced the case again Monday in Berlin, where he was meeting German Chancellor Angela Merkel, saying “everything that refers to me […] is totally and absolutely false.” The Prime Minister has found himself tied to a corruption scandal that involves the PP’s former national treasurer, Luis Barcenas, who has reportedly stashed €22 million ($30 million) in a Swiss bank.
[...]
Read the full article at: forbes.com
Related Articles
Spain Now Faces a Systemic, Societal, and Sovereign Collapse
Red Cross makes Spain appeal as economic crisis bites
Eurozone crisis: Spain inching closer to a meltdown
Anti-austerity clashes in Spain (Photos)
Storm looming in eurozone as Spain economy falters
IMF Head and Sarkozy embroiled in new corruption inquiry
Barclays rate rigging crisis shows ’corruption at heart of banking’
Latest News from our Front Page
|
So It Begins: Darpa Sets Out to Make Computers That Can Teach Themselves
2013 06 18
The Pentagon’s blue-sky research agency is readying a nearly four-year project to boost artificial intelligence systems by building machines that can teach themselves — while making it easier for ordinary schlubs like us to build them, too.
When Darpa talks about artificial intelligence, it’s not talking about modeling computers after the human brain. That path fell out of favor among computer ... |
Atacama Humanoid: Stanford-Geneticist Says Specimen "not worth scrutiny"
2013 06 18
The documentary SIRIUS has intrigued and shocked many, and has stirred debate about the scientific findings regarding the ’Atacama Humanoid’.
Recently, daily German science news site GreWi.de followed up with Dr. Garry Nolan, the Stanford geneticist that headed the investigation into the mummified remains.
grenz|wissenschaft-aktuell reports:
Since the documentary movie "Sirius" showed the first results of an investigation of a just 15 ... |
The Illuminati Depopulation Agenda
2013 06 18
While the global elite construct underground bunkers, eat organic and hoard seeds in Arctic vaults; the global poor are being slowly starved thanks to high commodity prices and poisoned with genetically modified (GMO) food. Austerity measures aimed largely at the poor are being imposed on all the nations of the world. Weather events grow more deadly and brushfire wars more ... |
Ron Paul on Syria: This Is How Vietnam and Iraq Started
2013 06 18
President Barack Obama’s pledge to initiate a limited operation in Syria will likely escalate into a full-blown war, with Americans supporting a rebel cause that is backed by al-Qaida, retired Texas Rep. Ron Paul is arguing.
"The president has opened a can of worms that will destroy his presidency and possibly destroy this country. Another multibillion dollar war has begun," Paul ... |
Google’s deep CIA and NSA connections
2013 06 18
The Western media is currently full of articles reporting Google’s denial that it cooperated in a government program to massively spy on American and foreign citizens by accessing data from Googles servers and those of other U.S. software companies.
The mainstream media has, however, almost completely failed to report that Google’s denial, and its surface concern over ’human ... |
| More News » |
|
|
|
|
