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>> After months of stalemate, Spain may be on the brink of forming a government, Mariano Rajoy's conservative People's Party meeting Wednesday to agree a raft of reforms demanded by the centrist Ciudadanos, a deal which could avoid another election, the third in eight months. Reuters Madrid correspondent, Sarah White says agreement is not the PP's only problem.
>> The biggest obstacle is that the opposition Socialist Party, the center left party here, has so far continually refused to support Rajoy in his bid for a second term in office. They've given no signal so far that they're gonna change their stance. If they don't all of these efforts will come to nothing, and we do then face the possibility of a third election.
>> The reform package demands a number of anti-corruption measures, including a parliamentary investigation into an alleged People's Party slush fund, and changing the constitution to allow for more proportional representation. But even if agreed, the government still won't have a majority.>> So, even if we do get a government, it's likely to be pretty unstable.
And who knows as if it would see the course of a full four-year term. That seems highly unlikely. I mean, at least we would have an administration after this blockage, and that's some progress. It would allow Spain to pass a budget for next year, start tinkering around with some big reforms that need to be done in terms of reforming how the regions are financed here, looking at fixing the pension system, for example.
But it's highly likely that it would be an unstable government.>> There's no appetite for a third election in Spain, nor would one probably change the deadlock. And although a deal won't mean Spain's problems are over, agreement would be seen as progress.