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For the first time since the current administration took office, Prime Minister Mariano Rajoy and socialist opposition leader Alfredo Pérez Rubalcaba have agreed to submit a joint demand for more flexible austerity measures at the next European Council meeting on June 27.
Catalan and Basque nationalist parties, which occupy 15 per cent of the seats in parliament, refused to endorse the text which notably demands the fast-tracked launch of a European youth employment plan and the adoption of measures to boost the real economy, including special funding for small and medium sized enterprises from the European Investment Bank (EIB).
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