In Spain, Political Uncertainty Comes at a Price

Spanish voters will head back to the polls in late June to try to break the political deadlock impeding the formation of a new government. Despite King Felipe VI's last-ditch effort on April 25-26 to mediate the disputes among the country's main political parties, they remain as divided as ever. And though the Spanish economy has finally started to grow again after years of recession, political uncertainty will no doubt take its toll as fragmentation produces more fragile governments in the years to come. ...