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Socialists suffer a severe defeat in Spain. Conservatives won absolute majority in Parliament.

Spanish Conservative Leader Mariano Rajoy Photo Credit Paul White / AP

Madrid:  An exit poll said that Spain’s Opposition conservatives (“Partido Popular” PP) scored a landslide win to oust the ruling Socialists PSOE in general elections held on Sunday that were dominated by a low voter turnout, a staggering unemployment rate and Europe’s debt crisis.

The PP led by Mariano Rajoy has won an absolute majority in spanish parliament, according to the TNS-Demoscopia survey by Spain’s state-run television “Televisión Española” said, obtaining between 181 and 185 seats, compared to 154 in the last legislature. A majority in the 350-seat lower chamber is 176.

“The political change led by Mariano Rajoy has won tonight in Spain,” PP campaign manager Ana Mato said, although…READ MORE HERE

How this new change will fit into the political landscape of Southern Europe with technocratic governments in Italy and Greece, is still a problem to solve. The low voter turnout in Spain reveals a major popular discontent with the political and economic functioning of the system. One of every two spanish young people are unemployed. Major budget cuts are now on the table.