Prime Minister Jose Luis Rodriguez Zapatero announced Friday that Spain's general elections, originally set for March 2012, will take place on November 20.
His "well-considered" move, which came the same day rating agency Moody's said it may downgrade Spanish debt, is intended to "project political and economic certainty" in a difficult situation, the Socialist premier told a press conference.
Zapatero, 50, who said months ago that he would not be seeking a third four-year term, broke the news after the weekly Cabinet meeting.
The announcement ends weeks of speculation about the possibility of early elections, something the main opposition Popular Party has been demanding with greater insistence since the conservatives made big gains in May's regional and local balloting.
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Spain's prime minister is announcing a new plan to tackle his country's budget crisis, amid concerns that problems afflicting Greece may spread.
