Last week concluded with a new defeat for the Government in Parliament, which rejected the deficit path proposed by the Ministry of Finance to begin drafting a budget for 2026. This rejection foretells the impossibility of finally approving a budget in this legislature, which began in 2023 and has still not managed to pass the General State Accounts. Spain has been operating since then with the budgets approved in 2022,…
On September 1, 2014, Pedro Sánchez announced that the PSOE (Spanish Socialist Workers’ Party) would hold a convention on democratic renewal in which, among other measures, his party would propose limiting the terms of Prime Ministers to two legislatures, a maximum of eight years. This initiative was intended to “banish the old politics of always.” It followed the self-imposed term limits of José María Aznar—who chose not to continue after…
With a turnout of 49%, Alberto Nuñez Feijóo’s Partido Popular has increased its lead over the PSOE to 4 points (700,000 votes) (when in the general elections a year ago the lead was less than 1.5 points) and has won 22 of the 61 MEPs that Spain sends to the European Parliament. Yesterday, Pedro Sánchez’s PSOE held on, with 30% of the vote and 20 seats, largely at the expense…
For her part, the vice-president of the Government and leader of Sumar, Yolanda Díaz, obtained 4.4% of the votes in her town (Fene) and did not win a single deputy in the regional assembly, so the memes ran last night through the social networks: “Sumar and Podemos double their results to the previous elections: In the previous elections they got nothing, and in these, nothing at all”. Nor did the…
Despite the victory of the Partido Popular with 137 seats (the postal vote count has given it one more seat, 137, at the expense of the PSOE, which is left with 121), Nuñez Feijóo is far from the 176 needed to be able to govern Spain, even if a coalition with Vox, which won 33, were to take place. If those 170 votes were added to those of UPN (1)…
The president of the Euzkadi Buru Batzar of the PNV, Andoni Ortuzar, telephoned the president of the Partido Popular on Monday night, who had tried to contact him earlier in the day. Ortuzar informed Núñez Feijóo of the PNV’s refusal to begin talks with a view to facilitating his investiture as President of the Spanish Government, a decision agreed at the meeting held by the EBB after the 23J elections….
José Hervás (Capital Madrid)| Spain is entering a situation of political deadlock. The result of the elections, in which the PP was the winning party with 136 seats, does not make it easy for Feijóo to form a new Executive as he does not have the necessary 176 seats, together with the 33 seats of VOX, to obtain the necessary majority required for the presidency. A tug-of-war is foreseen between…
Fernando Gonzalez Urbaneja | With half a dozen seats still to be counted, including those from abroad that will be counted on Friday, the outcome of the elections is still uncertain. The risk of a deadlock, i.e. that no one will be able to form a sufficient coalition to install a president, is a reasonable hypothesis. More than ever, it may be concluded that everyone has lost and no one…
The latest polls show a scenario of great uncertainty, in which Alberto Núñez Feijóo’s Partido Popular would win 147 seats in its most likely outcome, ahead of Pedro Sánchez’s PSOE, which would win 108. Sumar would be the third force with 34 seats, ahead of Vox, with 29, and the nationalist parties. ERC retains 10 seats, Junts gets 9, EH Bildu 6, PNV 5, while CUP and BNG would get…
Morgan Stanley| With the general elections just around the corner (July 23rd), Rob Pulleyn has published a report in which he discusses the possible outcomes of the elections (and therefore possible energy policies) and their implications for utilities with exposure to Spain. Overall, he believes that the impact will be significant, but in his baseline scenario, he believes that Spanish utilities will generally do well as a result of the…