Spain's prime minister Mariano Rajoy in an interview with the Financial Times this week, stated that: “The second half of 2013 is when we will start to see a recovery, and it will come through very clearly in 2014.”
But now he has a full-grown domestic political crisis on his hands ,with El Mundo newspaper revealing that, as recently as 2009, his party was part-paying salaries to senior officials in black money. A €22mILLION Swiss account controlled by former party treasurer Luis Barcenas is at the centre of the scandal.
As austerity bites, taxes rise and services are cut, Spaniards will want to know – if the allegations are true ,why Rajoy's party felt it did not have to pay taxes and why it was allowed to happen while the prime minister was party boss. guardian.co.uk
For the moment, party officials deny wrongdoing. But Rajoy's biggest rival in the party, Esperanza Aguire, has already come out fighting, calling it a “grave institutional crisis”. "The courts should act, interrogating whoever needs to be questioned and whoever falls must fall.