26 May 2015
Political risk on the rise in Spain – Danske Bank
FXStreet (Edinburgh) - Senior Analyst Sverre Holbek at Danske Bank reviewed the recent results in the Spanish regional elections.
Key Quotes
“Spanish election outcome points to increasing political risks”.
“Elections taking place in 13 of Spain’s 17 regions over the weekend saw the governing People’s Party (PP) lose support”.
“While the PP attracted the most votes, its overall share fell by 10 percentage points to 27% and the party has lost absolute majorities in several regional parliaments, including historical strongholds Barcelona and Madrid”.
“Meanwhile, support increased for anti-austerity parties like Podemos, leaving Prime Minister Rajoy looking vulnerable ahead of the general elections due in December this year at the latest”.
Key Quotes
“Spanish election outcome points to increasing political risks”.
“Elections taking place in 13 of Spain’s 17 regions over the weekend saw the governing People’s Party (PP) lose support”.
“While the PP attracted the most votes, its overall share fell by 10 percentage points to 27% and the party has lost absolute majorities in several regional parliaments, including historical strongholds Barcelona and Madrid”.
“Meanwhile, support increased for anti-austerity parties like Podemos, leaving Prime Minister Rajoy looking vulnerable ahead of the general elections due in December this year at the latest”.