Albert Rivera, center, leader of Spain's center-right Ciudadanos (Citizens) party, leads a campaign rally in Renteria on April 14, 2019. Spain holds a general election on April 28, its third in less than four years.
European politics has entered a period of political fragmentation. Across the Continent, mainstream political parties are losing ground to new competitors, parliaments are becoming more atomized, negotiations to form governments are taking longer and the overall policy direction of countries is getting harder to predict. This development is increasing political risk across the Continent, as companies, institutions and households are forced to operate in a political atmosphere that is becoming harder and harder to read....
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