MADRID - Spain's Socialists are set to win the greatest number of seats in Sunday's general election, but the fragmented results point to weeks of torturous negotiations for party leader Pedro Sanchez if he is to form a government.
Even if he can win the backing of all his natural allies, he'll still short of a majority in the 350-strong chamber. IN A BIND Sanchez faced similar political math after a general election in April and failed to clinch a majority, forcing Spaniards back to the polls for the fourth time in as many years.
If anything, the situation will be tougher this time around with the collapse of potential centrist partner Ciudadanos."Before there were options and they were ruled out," said Ignacio Jurado, a political analyst with Quantio in Madrid."Now the options are more complicated." The immediate and direct cost of such political paralysis on the economy has been manageable. There have been some signs that Spanish businesses have put some investment plans on hold, but overall the country's economy has continued to grow more robustly than its euro-area peers, such as Germany and Italy.
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