Magical Trade
Sunday, October 1, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Spain’s conservative PP elbows Socialists out in regional elections

by
May 29, 2023
in Trade News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Analysts Say These 2 Stocks Are Their Top Picks for the Rest of 2023

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

The president of the People’s Party of Mallorca and candidate to the Consell, Lloren? Galmes, during the monitoring of the election day at the headquarters of the PP of Palma de Mallorca, on May 28, 2023.
Europa Press News | Europa Press | Getty Images

Spain’s ruling Socialists suffered heavy losses to opposition conservatives in Sunday’s local election, with around 95% of the votes counted, showing their electoral vulnerability ahead of an end-of-year general election.

Only three of the 12 regions holding elections will retain Socialist dominance by very narrow margins, with the rest likely go to the conservative People’s Party, albeit with coalitions or informal support agreements with the far-right Vox party.

“The map changes completely and is a boost for Alberto Nu?ez Feijoo – the new leader of the PP – ahead of the elections at the end of the year,” said Ignacio Jurado, professor of political science at the Carlos III University.

The gains for the People’s Party (PP) indicate the conservatives could unseat the current left-wing coalition led by the Partido Socialista Obrero Espa?ol (PSOE) if they replicate the performance in national elections by December.

The numbers showed few clear majorities, except in the Madrid region where regional president Isabel Diaz Ayuso of the PP looked set to win re-election with an absolute majority.

“In votes the right-wing bloc expands but not dramatically. But that swing is enough to shift the centre of gravity from the left to the right,” Jurado said.

The main setbacks for the Socialists came from losses in the Valencia, Aragon and Balearic Island regions, as well as in one of the most important Socialist fiefdoms, the southwestern Spanish region of Extremadura.

“The tsunami that has swept through all the Spanish regions today has also swept through us,” Javier Lamban, the outgoing Socialist president of Aragon, told a press conference where he admitted defeat.

Leadership in the Canary Islands will be decided by pacts but PSOE have few chances of retaining power.

PSOE spokesperson Pilar Alegria told a press conference that the results were not “what we hoped for.”

In big cities such as Valencia and Seville, where mayors were also elected, the count turned in favour of the PP, which also won an absolute majority in the city of Madrid.

Barcelona was an outlier among big cities, with a pro-independence party winning the most votes by such a narrow margin that it will need an agreement with the Socialists to unseat the current mayor, far-left Ada Colau.

Campaigning had been marked by several controversies, from allegations of voter fraud in small towns to an unprecedented case of kidnapping.

The counting showed a return to a two-party system dominated by the PSOE and PP after a decade of greater involvement by smaller parties such as the left-wing Podemos and centrist Ciudadanos, which appeared largely to have lost its seats to the PP.

ShareTweetPin

Related Posts

Analysts Say These 2 Stocks Are Their Top Picks for the Rest of 2023

by
October 1, 2023
0

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

by
October 1, 2023
0

Is StreetBeat The Best Automated Trading Software? Insights from Everyday Traders

by
October 1, 2023
0

Is SoFi Invest The Best Automated Trading Software? Unraveling the Truth

by
September 30, 2023
0

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

by
September 30, 2023
0

Next Post

TSMC or Samsung? One chipmaker is the better play on A.I., geopolitics and earnings, analyst says

JPMorgan analysts love these energy stocks — and give them at least 40% upside

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years

    0 shares
    Share 0 Tweet 0
  • Interactive Brokers’ Thomas Peterffy sees the stock market dropping another 15% from here

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net