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Rajoy Sworn in as Spanish Prime Minister

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Spanish conservative leader Mariano Rajoy was sworn in as prime minister on Monday by King Felipe, after more than 10 months of political jockeying to form a government following two inconclusive elections.

Rajoy, leader of the People’s Party, is returning to power after losing his absolute majority, and will have to strike deals with opposition parties to pass legislation in a fragmented and hostile parliament.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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