A quick guide to the Spanish general election with Jose Ignacio Torreblanca Political Science Professor at UNED and Director of ECFR Madrid. 1. What are polls saying? What polls are telling us is that a long cycle in Spanish politics may end on Sunday. Since 1982, two parties, Conservative (PP) and Socialist (PSOE), have been able to form government and replace each other. Together, they’ve gathered 75-85% of the vote. But having already seen the collapse of the socialists, going from 44% of the vote in 2008 to 28% in 2011, and now to a further decrease likely to leave them 21%, we now see the Conservatives likely going down on a similar path, from having 44 in 2011 to showing just 27.5% according to the average of polls. The shrinking of the two main parties, from 83% of the vote in the last general election before the crisis, to just under 50%, runs in parallel to the emergence of two new parties: Ciudadanos, on the centre-right, headed by Albert Rivera, with polls giving them 20% of the vote, and Podemos, left of the Socialistas, headed by Pablo Iglesias, getting as much as 16%. 2. If the economy is growing, why the government is doing bad? The economy is doing well on the aggregate, with exports picking up and firms deleveraging, but the effects of the economic recovery are not trickling down to those who’ve have been hardest hit by the crisis. Sentiment is very negative with 2/3 of the Spaniards thinking that both the economic and political situation is bad or very bad and it is not likely to improve in the next year. 3. Who’s likely to govern? Seats projections based on these numbers indicate that, even if they will still be the most voted party, the Conservatives will lose their current majority and will be unable to form government on their own (absolute majority is placed at 176 seats in a Parliament of 350 seats, with the PP currently having 186). From there, the most likely alternative majority is one adding PP and Ciudadanos, but Rivera has openly said that he will not support a PP government headed by Rajoy because of the party’s bad corruption and economic management record. Another possible coalition is one including the Socialists, likely to finish second, with Ciudadanos. However, here too, Rivera has said he will not enter into coalition with the Socialists, whom he sees as a party of the past. As for the other possible coalition, one including the Socialists and Podemos, this is the least likely for two reasons: first, the numbers may just not add up to that; second, Pablo Iglesias says he will not support the So- cialists if he gets lets votes than them, i.e. the would only accept a coalition if Podemos was first. 4. Should we worry about political instability after the elections? Albert Rivera and Ciudadanos are going to be the King makers. They can support the Conservatives or the Socialists and therefore open the way for a stable government. However, Rivera has said he does not want to end like the Liberals in the UK, being heavily penalized by voters after promising change but supporting the statu quo. Rivera’s calculations will be key: if he thinks that by not throwing a life line to Rajoy he can provoke his resignation and a crisis within the PP, he may be tempted to sit and wait for a next elections annihilating the Conservatives and turn his party into the new big party of the Spanish centre-right. The same goes for Podemos, which may also be tempted, much as it happened in Greece with Syriza and the PASOK, to provoke tensions within the Socialists and finish them off at a later stage. So, stability much depends on how parties, especially the new ones, read the results, and whether they think they can do better off by not cooperating with the old ones. 5. Podemos was very strong in January, why has Podemos decreased in support? Podemos has been very effective in representing discontent with the old parties, complains about political corruption, the rise of inequalities, austerity cuts in the health and education system and the steep increase in unemployment, especially among the young people. But they’ve happened to be better at pointing what was wrong than at proposing solutions, the latter aspect at which they are often considered too radical or just unfeasible by many voters. Also, because of the appearance of Ciudadanos, Podemos has been losing support in the centre, where the bulk of the unsatisfied voters was. 6. What makes Ciudadanos so popular? Ciudadanos is a party that is quite effective on different fronts and different people. It addresses the concerns of the most anti-nationalist voters in Catalonia as well as those unhappy with corruption and traditional politics. It’s also a party which appeals to young voters and urban middle classes. And its economic proposals are pragmatic and centred. Contrary to Podemos, represents change but does not scare voters who may worry about the radicalism of Podemos.