June 26 Spanish Election Favors Socialists

Mish: Spanish Election June 26: Socialists Set to Oust Rajoy
Bloomberg: Podemos Wants to Talk to Investors About Easing Spain’s Debt
The anti-establishment party Podemos plans to explore ways to lighten the burden of Spain’s 1.1 trillion euros ($1.2 trillion) of public debt in talks with creditors if it can seal a role in government after next month’s vote.

Podemos, an insurgent group that came within 350,000 votes of overtaking the second-placed Socialists in its first general election in December, will try to persuade debtholders that they will benefit from giving Spain more breathing space within the European Union’s debt constraints, the party’s head of political strategy, Inigo Errejon, said in an interview this week.

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