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People's Party Begins Talks To Form Government
Alberto Núñez Feijóo, President of the centre-right People's Party (PP), has told reporters that he has opened coalition talks. Feijóo: “Starting today, I've been talking to parties with the aim of achieving a stable government in Spain… already spoke with [far right] Vox and [regional parties] Coalicion Canarias, UPN and PNV.”
- Feijóo: “We will explore all options to form government… my duty is to lead talks to form a government.”
- The prevailing view is that PP will be unable to find the seats to form a government. Rabo notes: "PP and Vox together are 7 seats short of an absolute majority... it will be a near impossible task to obtain the support of 7 deputies in the opposition, needed to govern."
- Should Feijóo fail to form a government, the center-left PSOE will be granted an opportunity to form a government. A centre-left government will likely hinge on Prime Minister Sanchez' willingness to concede to demands from Catalan separatists. If the PSOE fails to form a government a second snap election will likely take place late this year or early 2024.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.