Another week, another sign of political upheaval in Spain.
Monday brought a fresh poll showing that Podemos, the upstart anti-establishment party, is now the most popular political movement in the country. The survey, published in the El Mundo daily, gave Podemos 28.3 per cent of the vote, two points ahead of the ruling Popular party and more than eight points ahead of the opposition Socialists. Not bad for a party founded just 10 months ago by a group of political scientists
It was not the first time that the new party has come first in an opinion poll. But the latest survey made clear that the Podemos surge is no statistical aberration. Fuelled by wide-spread disdain for Spain’s political class and a festering social crisis, the new party appears to be on course to shatter Spain’s established two-party system – and render any prediction as to who might govern the country after next year’s general election obsolete. Read more
People wait in line at a government employment office in Madrid – Getty
A strong, broadly based economic recovery in the eurozone is nowhere in sight – as will become clear on Friday, when Eurostat, the EU agency, and several national statistical offices publish estimates for gross domestic product growth in the third quarter of this year. Read more
It was an interesting week to visit Spain. On Tuesday, I interviewed Mariano Rajoy, the Spanish prime minister, on stage at an FT conference in Madrid. We spoke, just as dramatic news was emerging from Catalonia that the regional government there was calling off its independence referendum.
Rajoy was understandably pleased. He pronounced that this was “excellent news”. But just as the Spanish prime minister was leaving the stage, so Artur Mas – the head of the devolved Catalan government – was beginning a press conference in Barcelona. His contribution muddied the waters. Read more
Spain’s forward Fernando Torres after Spain lost their Group B World Cup football match against Chile Credit: Getty
By now, the FT’s award for worst team of the World Cup is possibly as prestigious as the golden trophy pocketed by the winner. The US won our inaugural prize in 1998, Saudi Arabia in 2002, Serbia in 2006 and France in 2010. All were terrible teams, but none sealed the award just six days into the tournament. That distinction belongs to the FT’s worst team of 2014: Spain.
The Spaniards landed here not merely as world champions but – after two straight European titles – as the most successful national team ever. However, they started with a classic mistake: picking players because they had been world champions before. By that logic England should have sent their 1966 team, while Diego Maradona would be here as Argentina’s playmaker, not as a TV pundit who can’t always even get into the stadium. Read more
The focus in last week’s European elections was on the seismic waves of the distinct currents of Euro-populism and reaction that “earthquaked” to the top of the polls in France, Britain (or at least England), Denmark and Greece. But arguably the most intriguing insurgency was Podemos (We Can) in Spain, a phenomenon worth examining outside the swish and swirl of populism.
Much of what I have seen written about Podemos has them “coming out of nowhere” – a cliché employed by politicians and analysts that means “we didn’t see them coming”. Yet a three-month-old party with a budget of barely €100,000 shot into fourth place with one and a quarter million votes and five seats in the European Parliament – similar to Syriza, the Greek left-wing party they plan to hitch up with.
The eruption of Podemos and its compellingly outspoken leader, Pablo Iglesias, has already triggered the fall of Alfredo Perez Rubalcalba, the Socialist secretary general who has presided over the party’s worst electoral performance since democracy was restored in 1977-78. But while obviously a rising current of a new left, Podemos could be a broader catalyst for political change in Spain and beyond. Read more