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News Summary: Spain PM Resists Resignation Demands

By The Associated Press

STAYING PUT: Spain's Prime Minister Mariano Rajoy on Monday brushed off demands that he resign after text messages emerged showing him comforting a political party treasurer under investigation over a slush fund and secret Swiss bank accounts.

FED UP: The spectacle of alleged greed and corruption has enraged Spaniards hurting from austerity and sky high unemployment with no end in sight.

JURY OUT: Analysts are divided over whether the scandal could prompt an early exit for Rajoy, whose conservative party ousted the ruling Socialists in a 2011 landslide, giving his party an absolute majority in Parliament and no requirement to call new elections until late 2015.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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