Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Vote-weary Spain holds election, hoping to break political stalemate

Published 11/10/2019, 05:50 AM
Updated 11/10/2019, 05:50 AM
© Reuters. General election in Spain

By Clara-Laeila Laudette and Emma Pinedo

MADRID (Reuters) - Spain held its second parliamentary election in just over six months on Sunday, with voters likely to deliver an even more fragmented parliament with no clear winner and a sizeable showing by the far-right.

Opinion polls show the Socialists in the lead but likely to win slightly fewer seats than in April's vote, while the conservative People's Party (PP) could gain strength and the far-right Vox could become the country's third-largest party, just months after winning its first parliamentary seats.

Spain has been struggling to put stable governments together since 2015, when new parties emerged from the financial crisis following decades during which power oscillated between the Socialists and the PP.

Acting Prime Minister Pedro Sanchez called the election - the fourth in four years - betting that a new vote would strengthen his hand after his Socialist Party won in April but then failed to forge the alliances needed to form a government.

Sanchez avoided questions on Sunday about a likely political stalemate.

"Democracy is the best heritage of our parents and we must make the most of it ... I encourage Spaniards to vote and strengthen democracy with our vote," he said after voting in the town of Pozuelo de Alarcon, just west of Madrid.

Voting will end at 8 p.m. (1900 GMT) in mainland Spain. Results should begin emerging in the early evening, with almost all votes counted by midnight.

Esperanza de Antonio, a 64-year old retired history teacher voting in Madrid, said she had changed her vote from the center-right Ciudadanos to the Socialists after the disappointment of seeing no political deal reached after April's ballot.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"In the last election I voted for Ciudadanos because I thought it would be kingmaker, but ... Ciudadanos did not abstain to facilitate a government," she told Reuters.

"The rise of Vox is a danger to democracy. I'm saying this because I’ve taught about fascism for 30 years," she added. Older Spaniards still remember first-hand the dictatorship of Francisco Franco, who ruled from 1939 to 1975.

A minority government led by the Socialists appears the most likely outcome, opinion polls show, but an even bigger question is who the Socialists may ally with and how long any government can last with a very fragmented parliament.

Many voters were still undecided days before the vote, meaning other scenarios are also possible.

TOO MANY ELECTIONS

One thing was certain on Sunday: voters are tired of being called to the polls - there were also regional and European Union elections this year. That alone increases the chances that parties will make more of an effort this time to reach a deal over governing and shy away from a repeat ballot.

"I'm not sure I'll vote again, I was already in doubt this time around," said Jose Antonio Fernandez Cela, a 51-year-old farm manager voting for the PP.

Referring to the likely rise of Vox, he added: "I think it's normal because discontent takes people to the extremes."

Violent protests by separatists last month in the northeastern region of Catalonia have overshadowed the campaign, delivering a boost to the right, and in particular to Vox and the PP, whose fiercely anti-separatist rhetoric has struck a chord with many voters.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Lucia Rodriguez-Jurado, an 18-year old student, said she planned to vote for Vox because she saw it as the only party that can defend national sovereignty.

"We just want the problem in Catalonia to end and for national unity to be restored," she said.

Polls suggest that support for Vox could as much as double, even if pollsters have struggled to estimate the new party's popularity.

The overall result is likely to be very close, leaving the door open to several possible configurations or even a repeat election.

The number of postal votes has dropped by nearly 27% compared with April, the government said on Saturday, in a potential sign that voter fatigue could translate into higher abstention.

Wary of a repeat of last month's riots, Madrid sent 2,500 additional national police officers to reinforce Catalonia's regional police force.

In total more than 92,000 police will be deployed across Spain to safeguard the vote.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.