Hope for Spain's Struggling Economy? - Page 2
These new international alliances have delighted Spain’s conservative prime minister Mariano Rajoy. The opposition, however, is voicing concerns that conditions established by the Mexican oil company in the contract—which the regional government refuses to make public—may not be all they’re cut out to be. In response to reactions by the opposing socialist party, the president of the Galician region has extended a public and somewhat controversial apology to Pemex.
Environmental worries are also afloat. People are wondering about the safety of Galicia’s beautiful, sometimes rough coastline. There is no choice but to trust the Chinese company's promise that they will use environmentally friendly, cutting-edge technology. The interest of Pemex in Punta Langosteira outer harbor and whether it may have a negative effects on the environment is not yet as clear.
Everyone seems to want a piece of the pie. Small property owners regard these recent events as a way of keeping land prices from dropping still further by encouraging real estate investors to purchase buildable land or other properties in the area.