by Mamta Badkar
Spain’s ruling People’s Party failed to secure a majority in Andalusia’s regional elections on Sunday. In his latest note, Nomura’s senior political analyst Alastair Newton said this would be a significant setback to efforts to bring in Spain’s deficit.
Constitutional autonomy in many of these regions makes party links crucial to determining the policies of the regional governments. From Newton:
“Governance of Spain’s regions is a key factor in deficit control, with [...]