Socialists set to reign in Spain, but will need help

Socialist party wins re-election in Spain; will try to form a government as one of only a handful of socialist governments in the EU.

Spain's third parliamentary election in less than four years did little to dispel uncertainty over the political future of the eurozone's fourth largest economy.

But with only 123 seats in the 350-seat Congress of Deputies, Spain's parliament, it needs to negotiate the support of smaller rival parties to pass legislation. Even an alliance with the far-left, anti-austerity party United We Can wouldn't give the Socialists the key number of 176 seats.

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