🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Spain's Socialist leader loses first vote to become prime minister

Published 03/02/2016, 02:22 PM
Updated 03/02/2016, 02:30 PM
© Reuters. Spain's Socialist Party leader Pedro Sanchez attends an investiture debate at parliament in Madrid

MADRID (Reuters) - The leader of Spain's Socialists Pedro Sanchez lost a parliamentary vote to become the country's next prime minister on Wednesday, securing the backing of only 130 representatives in the 350-strong assembly.

The Socialists and liberal newcomer Ciudadanos voted in favor of Sanchez while the ruling conservative People's Party (PP), anti-austerity upstart Podemos, the former communist Izquierda Unida and four regional parties from the Basque Country and Catalonia voted against him. A small party from the Canary Islands abstained.

© Reuters. Spain's Socialist Party leader Pedro Sanchez attends an investiture debate at parliament in Madrid

Sanchez can still be elected Prime Minister if he wins a simple majority of seats in a second vote on Friday although that scenario is unlikely too, as parties who voted against him on Wednesday have already said they won't change their vote.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.