Spain election victor Rajoy warns `no miracles`

22.11.2011 [11:46]
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Baku, November 22 (AZERTAC). Spain`s Popular Party leader Mariano Rajoy has told supporters their country`s voice must be respected again, after a resounding election win.

At the end of a campaign dominated by the debt crisis, the centre right PP secured 186 seats in the 350-seat lower house of parliament.

However, Spain`s borrowing costs continued to mount on Monday and the stock market fell by 3%.

Mr Rajoy said: "There won`t be any miracles. We never promised any."

Speaking outside party headquarters in central Madrid, he assured his audience: "We will stop being part of the problem and will be part of the solution."

The PP leader, faced with slow growth and high unemployment, is unlikely to be sworn in by King Juan Carlos until 22 December, according to media reports on Monday.

"Forty-six million Spaniards are going to wage a battle against the crisis," he said.

The Socialists, who have ruled Spain since 2004, slumped to 110 seats with 28.73% of the vote, their worst performance since the return of democracy to Spain in 1975.

The PP won 44.62% of the vote in a turnout of 71% of the electorate.

Socialist candidate Alfredo Perez Rubalcaba conceded that his party had not had "a good result". Defence Secretary Carme Chacon called it a "severe defeat".

Spain election victor Rajoy warns `no miracles`

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