Spanish election: It’s the economy, stupid

Spanish Economy Minister Luis de Guindos has told CNBC he believes the Spanish electorate is “mature” and will not take the country back to 2010 or 2011 when it heads to the polls in less than three weeks’ time.

“I do not believe that the Spanish population wants to take Spain back to the position we were in in 2010 or 2011, I am totally sure they would not repeat that mistake,” De Guindos told CNBC Tuesday.

“I think that the Spanish population is mature, they are wise. They know perfectly where we are stood only four years ago and where we stand today. And I think that this contrast is a clear indication of the efforts that we have implemented.”

De Guindos is a member of Spain’s conservative People’s Party led by Mariano Rajoy which took over from the socialists in 2011.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam