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Rajoy Sworn in as Spanish Prime Minister

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Spanish conservative leader Mariano Rajoy was sworn in as prime minister on Monday by King Felipe, after more than 10 months of political jockeying to form a government following two inconclusive elections.

Rajoy, leader of the People’s Party, is returning to power after losing his absolute majority, and will have to strike deals with opposition parties to pass legislation in a fragmented and hostile parliament.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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