Market news
11.11.2019, 12:39

PSOE still remains Spain's largest party - ING

Steven Trypsteen, ING economist, covering Spain and Portugal, notes that the biggest winner in Spain's elections was the far-right Vox party. 

  • "In April, they won 24 seats, but this time they won 52 seats, becoming Spain’s third-largest party. The Partido Popular (PP) also gained more seats increasing their share from 66 to 88.
  • The center-right party, Ciudadanos were the biggest losers last night as they lost seats 47 seats coming down from 57 to just 10. Spain's far-left Unidas Podemos party also lost seats. It now controls just 35 seats, compared to 42 previously. This loss is partly due to the split with Más País (green-left and radical left) who gained two seats.
  • Spain's governing Socialists (PSOE) remains the largest party as it gained 120 seats compared to 123 in April.
  • In terms of seats, the power of the main Catalan parties hasn't changed much compared to the previous elections (Republican Left of Catalonia-Sovereignitists loses 2 seats and so now controls 13 seats and Together for Catalonia-Together gains one and so now controls 8 seats ).
  • The two Basque parties: the Basque Nationalists and the Basque Country Unite gained one seat each.
  • The results haven't made us change our view. The political situation remains difficult, but the pressure to find a solution after four elections has risen.  A minority government led by the PSOE remains the most likely outcome."

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location