by Mike ‘Mish’ Shedlock
Mish Talk
The 2015 Spanish national elections ended in a deadlock with no one able to form a majority. A second round of elections was held on June 26. Voter turnout was a lowest in history 66.5%.
Mariano Rajoy’s People’s Party (PP) was expected to lose seats. Instead PP picked up seats, but still not enough to for a majority except in a three-way coalition or scenarios involving abstentions.
Rajoy makes his case before Parliament today.
Bloomberg reports Rajoy Seeks Support to Avert Spain’s Third Election in a Year.