- Spain will hold a repeat general election in June after King Felipe VI yesterday gave up trying to persuade the country's major parties to form a government following three rounds of talks.
- A caretaker government has been ruling Spain since an inconclusive vote in December, when upstart or minor parties won almost 40% of seats in parliament. That left the two establishment parties, the conservative Popular Party and the Socialists, too weak to form a new government.
- Investors seem to be unfazed and the Ibex 35 is +0.3%.
- ETFs: EWP, QESP, HEWP, DBSP