• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026
LeadershipSpain

Spain veers left, and toward uncharted territory, in elections

By
Ian Mount
Ian Mount
Madrid-based Editor
Down Arrow Button Icon
By
Ian Mount
Ian Mount
Madrid-based Editor
Down Arrow Button Icon
May 25, 2015, 4:22 PM ET
Spain Holds Regional and Municipal Elections
MADRID, SPAIN - MAY 24: A woman casts her votes at a polling station on May 24, 2015 in Madrid, Spain. Spaniards are going to the polls today to vote for mayors and presidents of regional government where new political parties such as 'Podemos' (We Can) and 'Ciudadanos' (Citizens) will face their first test across the country ahead of General Elections by the end of November. (Photo by Pablo Blazquez Dominguez/Getty Images)Photograph by Pablo Blazquez Dominguez—Getty Images

Barcelona’s plentiful sun and Mediterranean breezes gave election Sunday a lazy, unexceptional air. Walking through the central square of the comfortable Sarrià neighborhood, Margarita Tomás said that after seven years of an economic crisis marked by high unemployment and political corruption cases, voters were ready for new faces. But she didn’t expect a major upending of the current order.

“There’s a lot of anger in Spain,” she said. “But there won’t be a giant revolution. It will be more of an intermediate step.”

Reading a newspaper outside her clothing boutique in the seafront neighborhood of Vila Olímpica, María Sánchez wasn’t even sure the upheaval would go that far. “Nothing is going to change,” she said.

What happens over the next few months will determine whether either is right. In a historic blow to the two-party system that has ruled Spain since its transition to democracy almost four decades ago, voters on Sunday put candidates supported by the new left-wing party Podemos (We Can, in English) on the verge of the mayoralty in Madrid and Barcelona, the country’s two largest cities.

In the regional and municipal elections, which served as a dry run for the national elections expected in December, the conservative Partido Popular (PP) of Prime Minister Mariano Rajoy lost its outright majority in much of the country, as young voters flocked to Podemos and another new party, center-right Ciudadanos (Citizens, in English).

Although the PP is still the largest party in Spain, it saw its total portion of the vote drop from 37.5% in 2011 to 27% this year. The other historic party, the center-left PSOE, which lost the government and much of its support in 2011, saw its share drop from 27.8% to 25% over the same period.

What comes next is uncharted territory. Spain does not have direct elections for mayors or governors; instead, voters support a party and each city and region is headed by a local or regional prime minister.

This system rarely presented difficulties in the past, as one party usually had an outright majority (or close to it) in city hall or the regional parliament. That allowed the winning party to choose the prime minister from its ranks. Now, however, the fragmented political environment requires parties to form coalitions or allow the leading vote-getter to rule with a minority government.

Of the 147 cities with more than 50,000 inhabitants, 132 will not have a majority party, up from 67 in 2011. Of the 69 that lost a majority government, 59 had been run by the PP.

“This is a new game. There is no culture of coalition-making and this is going to be a problem,” says Antonio Barroso, a Eurozone analyst at Teneo Intelligence.

The experience of the Podemos-supported candidates in Madrid and Barcelona offer a microcosm of Spanish politics today.

In Spain’s capital, the PP was the most-voted party, with about 34.6% of the vote. But it is likely that the second and third vote-getters – Podemos-supported Ahora Madrid and the PSOE – will form a coalition to install Ahora Madrid’s candidate, former Supreme Court judge Manuela Carmena, as mayor of Madrid.

Barcelona’s fragmented panorama is much more complicated. Anti-eviction housing activist Ada Colau is almost certain to be the next mayor after her party, Podemos-backed Barcelona en Comú, received the most votes.

The issue is that her party received only 25.2% of the vote for 11 of the 41 seats in city hall. To get to the 21-vote majority needed to pass legislation, she will have to attract the votes of several other parties.

“I think Madrid will work relatively okay. I’m more worried about Colau,” says Antonio Roldán, a political risk analyst at the Eurasia Group. “To do anything, you will always need four parties. It will be a disaster. It will be a horribly difficult coalition.”

And then, of course, there is the matter of the secession in Catalonia. The loss of Barcelona – the presumptive capital of an independent Catalonia – to a party that is tepid on secession is a setback for the movement.

“It’s going to be hard to justify going forward when you have a party that is against independence running the main city,” says Roldán.

At the same time, however, pro-secession parties in Catalonia saw their total share of votes in the region go from 38% in 2011 to 45% yesterday, with all of the growth coming in left-wing parties.

Overall, the election results show dissatisfaction with Spain’s traditional parties and a leftward move among younger voters. In its most recent voter poll, the national polling agency, Centro de Investigaciones Sociológicas (CIS), found single- digit support for the PP among voters under 35, far below the PSOE and Podemos. Podemos outpolled both the PP and PSOE among all voters under 45.

Whether this trend will repeat in the national elections is difficult to discern, Barroso notes, as voters who are willing to support a radical local Podemos candidate might be more restrained when they vote on national offices. And Prime Minister Rajoy and the PP are betting that improving employment and GDP data will buoy them ahead of national elections.

For now, though, it appears that Spanish politics are going through a major renovation. “The long term is actually positive because it shakes up the political system, and Spain is badly in need of a shake-up,” says Barroso.

But will the shake-up last?

“We’ll have to see,” says Margarita Tomás, “if the new parties are going to steal like the old ones.”

About the Author
By Ian MountMadrid-based Editor
LinkedIn icon

Ian Mount is a Madrid-based editor at Fortune.

See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
Startups & VentureMost Powerful Women
Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
By Emma HinchliffeJune 13, 2026
3 minutes ago
Aravind Srinivas wearing glasses
SuccessBillionaires
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
15 minutes ago
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
Successchief executive officer (CEO)
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Marco Quiroz-GutierrezJune 13, 2026
20 minutes ago
cyber
Commentarycyber
Accenture cyber leads: why hiring more people won’t solve the cybersecurity talent gap
By Harpreet Sidhu and Vikram DesaiJune 13, 2026
23 minutes ago
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real EstateGen Z
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeJune 13, 2026
27 minutes ago
Raquel Urtasun
SuccessCareers
The ‘AI superstar’ CEO behind a self-driving truck unicorn on why Gen Z is a better hiring bet than industry veterans
By Preston ForeJune 13, 2026
1 hour ago

Most Popular

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
24 hours ago
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
4 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
21 hours ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
2 days ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
3 days ago
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
Success
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
By Preston ForeJune 11, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.