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Spanish Political Turmoil Clouds a Sunny Outlook

10Nov

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World

Spanish Political Turmoil Clouds a Sunny Outlook

Spain remains in a period of deep political uncertainty that could threaten an otherwise strong economy, despite negotiations for a new government nearing a conclusion.“We are going to see a period of inflamed tensions and really intense political noise,” said Angel Talavera, head of European economics at analysis firm Oxford Economics.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Spain’s Prime Minister Toys With Separatism

Updated Nov. 9, 2023 7:59 pm ETRemember last summer when everyone was afraid that a far-right party could perform well in a Spanish election and endanger Spain and the European Union? Well it’s starting to look like the alternative was worse, after Prime Minister Pedro Sánchez on Thursday struck a deal with regional separatists to stay in power.Spain has suffered months of political uncertainty since an indecisive election in July. The center-right Popular Party led by Alberto Núñez Feijóo was the biggest winner, with a plurality of popular votes and legislative seats, but right-leaning parties failed to win enough seats in total to form a coalition government. Partly this was because voters rebuffed the Vox party, which is further to the PP’s right, amid a global media campaign warning t...

Flights to Europe Are Becoming Cheap Again

Listen to article(2 minutes)Flying to Europe in 2024 without spending a fortune is in the cards after a long stretch of sky-high prices.Airlines have added new routes between the U.S. and Europe and announced plans to increase flights on some routes next spring and summer. The added capacity means travelers can get a break from the run of high airfares in the past couple of years. Some prices are still high—the average cost of round-trip airfare to Barcelona is over $1,000, according to travel-search website Kayak. But deals now exist that didn’t before, and industry watchers say they expect more to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8