Ousting Spain's Rajoy Would Leave Markets Facing a Bumpy Ride
- Socialists get enough support for no-confidence vote
- Outcome could roil markets though impact may be short-lived
Why It Might Take a Miracle for Rajoy to Stay in Office
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Investors in Spanish assets are watching closely as opposition groups look to complete the ouster of Prime Minister Mariano Rajoy, a move that could ripple through markets.
The Socialist party received enough support Thursday to win a no-confidence vote and Rajoy’s party chief insisted the premier won’t resign to short-circuit that process. That means his time in office is set to be brought to an end by a parliamentary vote Friday.