Spain’s Election Results Are a Mess


Mariano Rajoy's balcony speech in Madrid

As Spain’s national parliamentary election results came in on Sunday night, TV news commentators repeated two concepts with notable frequency: “fin del bipartidismo” and “ingobernabilidad.”

Specifically, they noted that the Spain was ending its 33-year period with two party rule. Is the Eurozone’s fourth-largest economy threatening to become ungovernable, just as it emerges from a humiliating bailout and its worst economic crisis in over 20 years?

Spain’s Election Results Are a Mess