Steven Trypsteen, Economist at ING, suggests that in addition to the political problems in Catalonia, the Spain’s minority government has now to face the immediate threat of a motion of no confidence. Key Quotes “After the PP party was sentenced in a corruption case, the PSOE, the socialist party, filed a motion of no confidence against the PP-led minority government of Mariano Rajoy. The motion needs an absolute majority, 176 of the 350 MPs, and it is not certain that this majority will be met.” “Podemos said it will support the motion. But as the PSOE has 85 seats and Podemos 71, they are still 20 seats short to get the needed majority. Other parties will have to give their support too.” “Article 155 is still in force in Catalonia. As long as there is no regional government in Catalonia, this will be the case. Sanches, the leader of Ciudadanos, said a strong government is needed to tackle the challenges in Catalonia.” “Meanwhile, the spread between Spanish and German government bond yields increased slightly. The spread could widen further if tensions intensify.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next More volatility is on the cards – Nordea Markets FX Street 5 years Steven Trypsteen, Economist at ING, suggests that in addition to the political problems in Catalonia, the Spain's minority government has now to face the immediate threat of a motion of no confidence. Key Quotes "After the PP party was sentenced in a corruption case, the PSOE, the socialist party, filed a motion of no confidence against the PP-led minority government of Mariano Rajoy. The motion needs an absolute majority, 176 of the 350 MPs, and it is not certain that this majority will be met." "Podemos said it will support the motion. But as the PSOE has 85 seats and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
