Tag: Elections

It’s still too early to reliably say what is going to happen in November; virtually every outcome is within reach for both parties. But we can look at a few of the more likely outcomes and start to evaluate what that might mean for businesses, trade, and other credit issues in 2025.

A general election held in July 2023 resulted in a significant seat gain for the main opposition PP and fewer losses than expected for the member parties of the incumbent minority government headed by Prime Minister Pedro Sánchez. However, neither the center-right PP nor Sánchez’s center-left PSOE won enough seats to claim a majority and a lack of parliamentary allies doomed PP leader Alberto Feijóo’s efforts to secure confirmation of a minority government to failure.