Post-electoral panorama

The elections on 23 July have provided a different result to that which was forecast in the pools, and an outcome in which the party which obtained most votes, the PP, cannot form a Government, while the second party, the PSOE, could end up achieving a new version of the so-called “Frankenstein Government” ensuring that Pedro Sánchez remains in the Palace of Moncloa.

It is clear that Sánchez’s policy has achieved great success, making so many people really believe that his Government is synonymous with “advances” while the alternative of the centre and the right is “backward”. The cost of the PP’s electoral and political strategy in relation to VOX has also ended up being clear, this strategy was based on highlighting their differences while the electorate felt that the most natural and credible thing would be for them to partner.

Based on these findings, however, the situation is uncertain. The matter cannot be reduced to the surrender of socialists and communists before the nationalists who, protected by their position of strength, now with the key in the hands of Puigdemont in Waterloo, will demand their top programme of amnesty and independence or self-determination. This is not going to happen, and the nationalists, quite divided amongst themselves, know it. So too does Sánchez, who can always, before or after, threaten to break or directly break the deck and distance himself from the de las reglas fiscales de la Unión Europea en 2024. nationalists in search of the moderate vote, and present himself as defender of the unity of Spain. His excellent result in Catalonia supports him. Without forgetting, naturally, the strength of the PP in terms of territorial power and its absolute majority in the Senate.

Pero de eso hablaremos cuando llegue el otoño, que bastante complicado está ahora el panorama político como para que le añadamos el económico.

Meanwhile, citizens are witnessing the spectacle of politics, a spectacle that, of course, they are fully funding, and which has a worrying economic dynamic in terms of public funding and inflation, within a context of poor growth and the re-establishment of the fiscal rules of the European Union in 2024. However, we will talk about that when autumn arrives, right now the political panorama is quite difficult for us to add economics to it.