Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
HISTORIC Election Results In Spain
Posted
December 22, 2015
Views
69,943
Likes
1,451
Comments
444
Engagement
2.71%
December 22, 2015
69,943
1,451
444
2.71%
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8:38Now PlayingFollowing the recent general election Spain faces a level of political instability that it hasn't had ever since transitioning to democracy. Cenk Uygur and John Iadarola of The Young Turks discuss. Tell us what you think in the comment section below.
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"Two leftist parties that won nearly half of the votes in Spain’s election said they would try to block Prime Minister Mariano Rajoy’s bid to keep his job, setting the stage for prolonged uncertainty about the country’s rebound from recession.
Sunday’s vote—in which Mr. Rajoy’s conservative party finished first, but far short of a majority—sent the benchmark stock index in Madrid down 3.6% Monday, the worst performance in Europe.
During four years under Mr. Rajoy, Spain’s economy emerged from recession and is growing at 3% this year, but discontent over low-paying jobs and continued high unemployment—still above 20%—cost his Popular Party its control of the 350-seat parliament.
Investors said they were worried about political gridlock during expected weeks of negotiations over forming a new government, and the possibility of the two major left-wing parties forming an antiausterity pact."
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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