FXStreet (Delhi) – Research Team at ING, suggests that in Europe, the main story will be the outcome of the Spanish elections, and it is more than likely that no single party will be able to form a majority government. Key Quotes “Looking at recent opinion polls, the anti-austerity party, Podemos, seems to lag notably, reflecting Spain’s decent economic results and the disappointment of Syriza in Greece. The political debate is refocused on the centre of the political spectrum.” “With the growing popularity of Ciudadanos (centre-right party) and the still significant support for the PP (liberal party), we expect a coalition including at least one of the two parties and a government that would not radically change ongoing reforms. Moreover, the opacity of the decision-making process is likely to be challenged and corruption issues tackled in the next legislature. However, as four parties are in the contest, it remains a close call.” For more information, read our latest forex news.