Spain's Rajoy says no-confidence motion is bad for Spain's interests

Spanish prime minister Rajoy speaks in a press conference

  • No government member was among corruption convictions
  • Budget approval this week gives Spain stability
  • Will not call for a snap election
  • Wants his government to complete the four-year mandate

Well, this kind of standoff between Rajoy and the other parties is only going to unsettle investors' nerves. And that's not the kind of thing that is going to help domestic assets in the short-term.

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