Spanish General Election 2011

[Beet]

Might be thinking that there's no point in stretching things out any further.

The earlier the better, actually.

[Beet]

This is why you guys should all take more of an interest in economics. Economics dominates politics, election-wise.

With that being said, I'm going to say the opposite of what I said with Italy, because I want to look smart it's what I think: this could end up being good news, even if you oppose PP. Why? Because your bets are hedged. The PP will have a strong majority & mandate to do everything asked of it by the EU. Germany will not be able to say Spain did not put forward a strong effort, the ECB will not be able to say Spain did not try to reform itself. If the EU/ECB still refuses to help Spain after that, then we'll know who to blame. Second, if PP is successful, then the Spanish economy recovers and things turn around, which is good for Spain. If PP fails, PP will be discredited. Either way, it's a win/win. The only wild card is that the next elections may not get held for 4 years, so they will have a good amount of leeway to perform until we can judge their record.