The political scene in Spain has been like a roller coaster in the last ten days since the approval of the general proposals of the State which seemed to give stability to the Government until the triumph on Friday of the motion of censorship that has given the Presidency of the country to the socialist Pedro Sánchez.
The Congress of Deputies decided today to end with six and a half years of the government of Rajoy (2011-2018) and give their confidence to the leader of the Spanish Socialist Workers Party Pedro Sanchez through a motion of censure that was approved by 180 votes in favor 169 against and 1 abstention.
It is the first time since 1977 when democratic reform began in the country that a government is defeated with a motion of censure: the previous three did not prosper.
The initiative the most serious one that the Spanish Constitution foresees to expel a president was presented after the National Court issued on May 23 the ruling on the Gürtel case in which the PP was sentenced for benefiting from " a plot of corruption for lucrative title "and that accredited that the formation had since at least 1989 a structure" financial and accounting parallel to the official “.
The approval of the motion implies the beginning of a new stage of political and economic turmoil because governance seems impossible without holding early general elections.
In addition it is increasingly difficult to form a Government with a majority before the appearance of the new major parties at the national level. Spain had to hold two general elections on December 27 2015 and June 26 2016 and for ten months had an acting Executive.
According to some economic analysts the consequences of the uncertainty would be the reduction of both public and private investments the reduction of job creation the suspension of work for the reform of the pension system.
The Organization for Economic Cooperation and Development (OECD) raised its growth forecasts for Spain on May 30 in five tenths for 2018 to 2.8 percent after noting that "the economic consequences of political uncertainty have been contained existing in Catalonia ".
However MEPs from both the PP and the PSOE have declared today that the motion will not undermine the role of Spain in the European Union.