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Free AccessPro-Union Parties Secure Catalan Majority, But Gov't Formation Difficult
The 12 May regional election in Catalonia delivered a strong result for the centre-left pro-union Socialists' Party of Catalonia (PSC), the sister party to Spanish PM Pedro Sanchez's PSOE. The PSC retained a plurality, with its seat total rising from 33 to 42 out of 135. The pro-independence parties lost their overall majority in the Parliament of Catalonia, with the hard-line separatist Junts per Catalunya taking 35 seats (up three), but the leftist Republican Left of Catalonia (ERC) saw its representation fall from 33 to 20.
- While the result will be seen as a strong one for the PSC and a vindication of party head Salvador Illa (Spanish health minister during the pandemic) and PM Pedro Sanchez (following a torrid few weeks amid resignation speculation), forming a regional gov't could prove difficult.
- While the pro-union parties now hold a majority, they hail from varying ends of the left-right spectrum, making working together nigh on impossible. Instead, the PSC may seek to work with the ERC, as was the case between 2003-10.
- Alternatively, Junts leader Carles Puigdemont - who remains in exile until the enactment of the Amnesty Law for those involved in the illegal 2017 independence referendum - has said he will seek to put together a minority administration. Given the lack of a majority for the pro-independence parties (Junts, ERC, far-left Popular Unity Candidacy, right-wing nationalist Catalan Alliance), it will be a struggle for Puigdemont to win an investiture vote to become reigonal president for a second time.
To read the full story
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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.