After twisting and turning of various coalitions, all of which failed, Spain is headed for new election barring a last minute out of the blue coalition which no one expects.
Via translation from El Pais, Spain’s King Does not Propose any Candidate so New Elections in June.
King Felipe VI notes with parties unable to agree, a new election will be on June 26.
After completion of the third round of contacts in which verified the failure of the eleventh legislature, King Felipe will not propose any candidate for investiture, so in the absence of an agreement last minute on Tuesday, Felipe will dissolve the parliament and call new elections.
Another Hung Outcome?
The Spanish political parties have such cross goals, the most likely result of a new election may very well be another election in which no coalition forms.
At best, an unstable coalition will form.
The essential problem is the two main leftist parties could form a coalition but one of them is eurosceptic and open to Catalonia independence, while the other isn’t.
A staunchly united-Spain party could form a coalition with current Prime Minister Mariano Rajoy, but they disagree with Rajoy on nearly everything else.
Will the results of the next election be any different?
Mike “Mish” Shedlock
Spain is exactly like Greece: another extreme leftist basket case where a brain dead electorate somehow thinks more socialism is the solution to their debt problem. I hope they and everybody else who follows in their path, end up like Greece. They absolutely deserve it.
The PIIGS have been some of the most right-leaning countries in Europe over the past few decades. The left-wing countries of Europe are places like Sweden, Norway, Denmark, Finland, France, and to a lesser extent, Germany, Switzerland, and Iceland. Draw what conclusions from that you may but get your facts straight, the PIIGS are certainly less “socialist” than the countries I just mentioned.
Although there are different layers of socialism at work in the country (regional, EU for example) they are by no means greater than northern Europe . The main problem with Spain is that its productive model is a fraction of the value set during the (mostly property and derivative) boom after Euro entry . In other words the whole government budget is based on a false GDP assumption which they have been trying to support via deficit .
Unfortunately the country is destined to fail in its objectives , and it is paying a steady price for that failure .
That is the cost of running up lots of debt in someone else’s currency , the Euro is not Spain’s currency in the proper sense as it does not own it .
What is so corrupt is watching the Spanish government trying to manage the country in accordance with its new foreign financiers – traditionally in a sovereign fiat state the government owned the banks as much as they owned it , and those banks accounting was based in local currency with the backing of local sovereign issuance – international investment was based on a judgement of the validity of the sovereign project in terms of currency value and economic and social stability .
I feel sorry for them, they just see that it is the ‘Euro’ that is the cause of all their problems.
Spain was doing OK until their South American slaves were freed. Work doesn’t fit their hand.
Since Franco, Spain has been the purest experiment in runaway progressivism available. It’s an absolute trainwreck on every single front.
So many of progressives’ “heroes” gained their street cred fighting Franco, that his regime, and everything it stood for, was pretty universally accepted as the ultimate evil. While the Soviets were a-ok, of course…..
So, with Franco gone; the entire, combined weight of world wide progressivism descended on Spain, and didn’t relent until the country became a virtual caricature of every idiocy progressivism stands for. Meaning, every idiocy ever conceived.
Economically, Spain is all debt, and all accumulated to buy ever cheesier and less functional real estate. “Homes” as the cheese peddlers call them over here. And, what really makes it more thoroughly progressive/clueless than even other Western countries similarly affected, is the proportion of the houses that are second homes. Owned by foreigners that are rarely there. All debt funded, of course. And salaries in the shoody-home construction industry have largely prevented any genuinely productive Spanish industry from setting roots. So there are no other decent jobs, than continuing to build junk for debt junkies.
Then socially, the feminist wing of the World Wide Congress of Universally Destructive Progressives, managed to convince every single Spanish girl that their mom was Franco’s slave because she happened to have a kid, instead of pursuing infertility and prostitution full time. So, Spain, in a matter of a little over a generation, has gone from being fairly young, to a Hail Mary attempt of catching Japan in the race to be the first larger country with no working age people left at all. And the two or three kids that somehow managed to slip by, are born out of wedlock. Probably not knowing who their father is. Since, after all, “submitting” to a husband, is basically accepting Franco and all….
Like Cali over here, our version of most advance highly advanced basket case, they have nice weather and nice beaches. And they are, thankfully, spared the full curse of lawyers Californians are stuck under. So you can actually ride your JetSki up to a million right-on-the-water bars and have some Champagne with your balearic beats.
But aside from that, it’s basically a whorehouse, where the whores are pushing fifty and the johns pay for them with borrowed funds.
Aside from the possible aesthetic consequences of demanding burkas on the beach, the Muzzies can’t “rescue” that place fast enough. It’s seriously so bad, that Iranians should look at it as a terror example of what could very well happen to their own far-from-paradise, should the Mullahs fall and the progressives manage to do a Spain like hack job on them. Which is not at all unlikely, considering current sentiment towards the regime in Iran, along with the attendant “Grass is Greener in Europe” (by now mostly) fallacy.
If Francisco Franco’s still much-reviled dictatorship accomplished nothing else than to postpone for several decades the onset of the progressive train wreck that so well characterizes Spain’s predicament today, then Franco’s rule was, at the very minimum, a qualified success. One need not be an expert in Spanish history to conclude that the political situation that obtained during and after the Popular Front gained power in 1936 was most unlikely to achieve a satisfactory resolution for the great majority of the Spanish people. Spaniards themselves have a saying, “What the Spanish people need in order to be satisfactorily governed are bread and a stick”—or, in the vernacular, “pan y palo”. After many centuries of experience, who would know better than they?
The progressive you talk about only really kicked in in the 90’s , and saturated the country during the Euro boom . That influence has been almost entirely from EU . With regards to the US, Spain seems to have much stronger connections to the right . With regards to South America both , the right more at a business and financial level , the left as a social undercurrent.
Spain has the lowest Muslim population as % in EU , even the adaptive (in every sense) Chinese have difficulty dealing with Spain , such is the diversity of bureaucratic allegiance that is encountered in the country .
Right you are. My use of the word ”progressive” was meant to serve as a sarcastic placeholder for the socialists, syndicalists, anarchists, and communists that joined together to make Spain the political zoo that prevailed in the country at the time of the 1936 alzamiento against the Popular Front government. The radical left harbored big, big plans for Spain, plans which Franco ruthlessly thwarted throughout his tenure. Although one may argue about what the specific nature and extent of the radical left’s plans actually were, the fact is that (as you maintain) once the Franco regime passed into history, the version of the left that then emerged is a pale shadow of its former incarnation—so far. Sorry for the confusion.
After overshooting last year’s deficit completely, Spain is now forecast behind on this years new deficit target which is penciled in as last years target , instead of the lower objective previously set. Government revenue dropped nearly 2% in 1Q also.
I say pencilled in because the government in functions cannot make any changes to this years budget, and so Brussels will have to wait till it has a full government to work with before making its demands.
So there is likely to be some form of shaky coalition eventually whose first serving will be to decide and agree on dishing out spending cuts and increasing revenue. Given that coalitions never occurred at the best of times, I find it hard to imagine they will play along as suitors to Brussels… the newer parties watched and profited from those who previously did so.
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