Between 2014 (European elections) and the last general elections (December 2019) there have been six elections in which the sum of the bipartisanship oscillated between 45 and 55%. With an electoral support of around 30% of the votes (for the most voted party) and around 50% of the sum of the two parties (compared to more than 70% during the previous forty years) both parties continue to be essential to govern. Both still have a social and electoral base to survive despite their evident management errors.Read More
The coalition between the Socialist Party and the extreme left Podemos raised serious doubts on its ability to run the economy. Its agreed platform trumpeted a massive increase in social expenditure, coupled with tax rises plus extensive public regulation in many key markets, ranging from power supply to housing rentals. No wonder it aims now to pedal back to check the foreseeable loss of confidence.