Spain's new socialist government seems intent on changing policy toward the U.S. and the European Union, but the Spanish business community isn't expecting a shift from orthodox economic policies followed by outgoing Prime Minister José María Aznar. Most execs and analysts are betting that Socialist economic guru and former banker Miguel Sebastián will be Finance Minister. Sebastián, who earned a doctorate in economics at University of Minnesota, is well known for promising tight budgets, low inflation, and tax cuts.

Edited by Rose Brady

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