Conservative victory could save euro

The election victory of Spain's Conservatives could be a turning point in the euro crisis, writes the conservative daily Le Figaro: "Unlike Italy and Greece, Spain has a major advantage in this difficult phase of reforming its budget. The government has broad-based support among the population and has a comfortable majority in the two chambers of parliament. ... In forming a new cabinet and with his first measures Mariano Rajoy now has the chance to create a favourable climate that will hopefully calm the markets. ... Nothing is for sure yet, but if Spain manages to extricate itself from the crisis and pull the other southern European economies out with it, the change of government in Madrid could be a turning point in the euro crisis."

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