Spanish Elections End in Another Stalemate After Brexit

The conservative Popular Party of Mariano Rajoy, Spain’s caretaker prime minister, won the most votes in Spain’s repeat national elections on Sunday, as the Socialists held off a challenge from the Podemos Party to remain the largest left-wing formation.

The fragmented result, however, did not settle who will form the country’s next government. Instead, Mr. Rajoy and the leaders of Spain’s other parties face another tricky round of coalition negotiations. National elections in December were also inconclusive.

The Popular Party’s advance appeared to show that conservative voters responded to Mr. Rajoy’s last-ditch warning against the kind of radical overhaul demanded by Podemos at a time of political crisis in the European Union. The Spanish elections took place three days after the British voted to leave the European Union, in a referendum that sent financial markets in Spain and throughout the world tumbling on Friday.

via CNBC

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