Elections in Galicia (Spain) showed great support for the ruling People’s Party (PP), which supported the gains in Euro-dollar through the Asian session. In the Basque however, PP failed in garnering votes. The Basque Nationalist Party (PNV) and the EH Bildu dominated the votes, increasing the risk for a referendum on independence. Focus will be on 28 October where regional elections are expected to take place in Catalonia, Spain. In some way Spanish PM, Rajoy may be reluctant to ask the EU for a bailout that will be intertwined with new austerity measures, a move that will make his party less favourite in the eyes of the Kingdom of Spain.
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Thursday, November 1, 2012
Forex Daily Review: Spain Regional Elections and GBP/AUD
22 Oct 2012• Matti Williamson, FX and commodities analyst Spain Regional Elections in Galicia and the Basque
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