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Toledo Pact
The Toledo Pact ( es, Pacto de Toledo) was an ambitious reform of the Spanish social security system approved by the Spanish parliament on 6 April 1995, aimed at streamlining and guaranteeing the future of the Spanish social security system. The background to the reform was a series of recommendations by the World Bank in 1987 and the Delors White Paper in 1993.Boletín Oficial de las Cortes Generales, Congreso de los Diputados, 12 de abril de 1995. Número 134 Background In June 1993, the Spanish Socialist Workers' Party (PSOE) had lost seats to the conservative Partido Popular in the general election A general election is a political voting election where generally all or most members of a given political body are chosen. These are usually held for a nation, state, or territory's primary legislative body, and are different from by-elections ( ..., leaving it without an overall majority. The PSOE depended on the support of the Catalan party Convergencia i Unio, who proposed ...
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Social Security
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and publ ...
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Cortes Generales
The Cortes Generales (; en, Spanish Parliament, lit=General Courts) are the bicameral legislative chambers of Spain, consisting of the Congress of Deputies (the lower house), and the Senate (the upper house). The Congress of Deputies meets in the Palacio de las Cortes. The Senate meets in the Palacio del Senado. Both are in Madrid. The Cortes are elected through universal, free, equal, direct and secret suffrage, with the exception of some senatorial seats, which are elected indirectly by the legislatures of the autonomous communities. The Cortes Generales are composed of 615 members: 350 Deputies and 265 Senators. The members of the Cortes Generales serve four-year terms, and they are representatives of the Spanish people. In both chambers, the seats are divided by constituencies that correspond with the fifty provinces of Spain, plus Ceuta and Melilla. However, the Canary and Balearic islands form different constituencies in the Senate. As a parliamentary system, the C ...
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Social Security In Spain
The social security system (Spanish: ''seguridad social'') in Spain is its principal system of social protection. The concept of social security first appeared in Spain in 1883 under the Committee for Social Reform, it was expanded several times during the twentieth century and finally the right to social security was enshrined in the Spanish Constitution of 1978 under Article 41 which states "that the public authorities shall maintain a public social security system for all citizens, guaranteeing sufficient support and social benefits in situations of need, especially in the event of unemployment, and that the support and additional benefits shall be free". History The starting point of protection policies is established during the Liberal government of Posada Herrera, who set up in October 1883 a government commission — the Social Reform Commission— to examine issues that were of interest to the improvement and well-being of the working class. In 1900 it was approved the fir ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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Delors White Paper
Jacques Lucien Jean Delors (born 20 July 1925) is a French politician who served as the 8th President of the European Commission from 1985 to 1995. He served as Minister of Finance of France from 1981 to 1984. He was a Member of the European Parliament from 1979 to 1981. As President, Delors was the most visible and influential leader in European affairs. He implemented the policies that closely linked the member nations together and promoted the need for unity. He created a single market that made the free movement of persons, capital, goods, and services within the European Economic Community (EEC) possible. He also headed the committee that proposed the monetary union to create the Euro, a new single currency to replace individual national currencies. This was achieved by the signing of the Maastricht Treaty in 1992. French politics Born in Paris in a family originating from Corrèze, Delors first held in the 1940s through the 1960s a series of posts in French banking and sta ...
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Spanish Socialist Workers' Party
The Spanish Socialist Workers' Party ( es, Partido Socialista Obrero Español ; PSOE ) is a social-democraticThe PSOE is described as a social-democratic party by numerous sources: * * * * political party in Spain. The PSOE has been in government longer than any other political party in modern democratic Spain, namely from 1982 to 1996 under Felipe González; from 2004 to 2011 under José Luis Rodríguez Zapatero; and currently since 2018 under Pedro Sánchez. The PSOE was founded in 1879, making it the oldest party currently active in Spain. The PSOE played a key role during the Second Spanish Republic, being part of coalition government from 1931 to 1933 and from 1936 to 1939, when the Republic was defeated by Francisco Franco in the Spanish Civil War. The party was then banned under Franco's dictatorship and its members and leaders were persecuted or exiled. The PSOE was only legalised again in 1977. Historically a Marxist party, it abandoned Marxism in 1979. Just like ...
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People's Party (Spain)
The People's Party ( es, Partido Popular ; known mostly by its acronym, PP ) is a conservative and Christian-democratic political party in Spain. The People's Party was a 1989 re-foundation of People's Alliance (AP), a party led by former minister of the dictatorship Manuel Fraga and founded back in 1976 as alliance of post-Francoist proto-parties. The new party combined the conservative AP with several small Christian democratic and liberal parties (the party call this fusion of views "the Reformist Centre"). In 2002, Manuel Fraga received the honorary title of "Founding Chairman". The party's youth organization is New Generations of the People's Party of Spain (NNGG). The PP is a member of the centre-right European People's Party (EPP), and in the European Parliament its 16 MEPs sit in the EPP Group. The PP is also a member of the Centrist Democrat International and the International Democrat Union. The PP was also one of the founding organizations of the Budapest-based Ro ...
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Spanish General Election, 1993
The 1993 Spanish general election was held on Sunday, 6 June 1993, to elect the 5th Cortes Generales of the Kingdom of Spain. All 350 seats in the Congress of Deputies were up for election, as well as 208 of 256 seats in the Senate. The Spanish Socialist Workers' Party under Felipe González achieved the largest number of votes and seats for the fourth consecutive time, though it lost the absolute majority it had held in both chambers of the Cortes since 1982. In contrast, José María Aznar's People's Party won a large share of the vote, thus increasing their seats in both the Congress and the Senate and consolidating its position as the main opposition party. For the first time since 1979, the election brought in a hung parliament, forcing the governing PSOE to seek the support of nationalist groups in order to renew its mandate and secure a fourth term in government. In the aftermath of the election, the PSOE saw itself under increased pressure due both to political instabil ...
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Convergencia I Unio
Convergence and Union ( ca, Convergència i Unió, CiU; ) was a Catalan nationalist electoral alliance in Catalonia, Spain. It was a federation of two constituent parties, the larger Democratic Convergence of Catalonia (CDC) and its smaller counterpart, the Democratic Union of Catalonia (UDC). It was dissolved on 17 June 2015. CiU was a Catalan nationalist coalition. It was usually seen as a moderate nationalist party in Spain, although a significant part of its membership had shifted to open Catalan independentism in recent years and in 2014 demonstrated its intention to hold a referendum on Catalan independence. There is some debate as to whether the coalition was conservative or centrist. Liberal tendencies dominate the larger CDC, while the smaller UDC is a Christian democratic party. As for its position in the nationalist debate, it was deliberately ambiguous so as to appeal to the broadest spectrum possible, from voters who seek full independence from Spain to those wh ...
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Social Security Reserve Fund (Spain)
The Social Security Reserve Fund (nicknamed , "the piggy bank of the pensions") was created in 2000 with the aim of investing current social security surpluses to finance future State Pension Scheme shortfalls. It was created as one of the recommendations of the tri-partite of 1995 between government, employers and trade unions. In 2009 the fund amounted to 60 Bn€ and in 2010 assets had increased to 64 Bn€. Origins The establishment of the Social Security Reserve Fund was part of the 1994 Toledo Pact agreement between government, employers and unions. Under the agreement the surpluses of the social security system were to be paid into the reserve fund with the aim of security pension payments in the future when demographics bring the pensions system into deficit. Finances Starting in 2000 and until 2008 the Spanish government paid 45 Bn euros into the fund while investment income from the fund reached a total of 17 Bn eur. The economic crisis caused a significant reduction ...
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Politics Of Spain
The politics of Spain takes place under the framework established by the Constitution of 1978. Spain is established as a social and democratic sovereign countryFirst article. wherein the national sovereignty is vested in the people, from which the powers of the state emanate. The form of government in Spain is a parliamentary monarchy, that is, a social representative democratic constitutional monarchy in which the monarch is the head of state, while the prime minister—whose official title is "President of the Government"—is the head of government. Executive power is exercised by the Government, which is integrated by the prime minister, the deputy prime ministers and other ministers, which collectively form the Cabinet, or Council of Ministers. Legislative power is vested in the Cortes Generales (''General Courts''), a bicameral parliament constituted by the Congress of Deputies and the Senate. The judiciary is independent of the executive and the legislature, admin ...
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Economic Policy In Europe
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ...
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