This is an OZY Special Briefing, an extension of the Presidential Daily Brief. The Special Briefing tells you what you need to know about an important issue, individual or story that is making news. Each one serves up an interesting selection of facts, opinions, images and videos in order to catch you up and vault you ahead. WHAT TO KNOW What happened? Spanish Prime Minister Pedro Sánchez (pictured) of the Socialist Workers Party (PSOE) is basking in the glow of victory following yesterday’s elections. He was sworn in by royal decree after a no-confidence motion last summer ousted conservative leader Mariano Rajoy. Now Sánchez, 47, has won the highest share of votes (29 percent) in Spain’s latest election — it’s not quite a majority, but it is the party’s first national victory since 2008. With 123 seats under its control, the PSOE will have to form a coalition, likely with anti-austerity leftist party Unidas Podemos and other small parties, in order to reach the 176-seat threshold required to govern. Why does it matter? The PSOE’s dominance will mean a left-wing Spain. But that’s not the only story from Sunday’s election: The formerly dominant right-wing People’s Party (PP) saw its worst election result ever, losing more than half its seats. Meanwhile, a new far-right party, Vox, made a breakthrough, signaling Spain’s move away from centrism — and toward the far-right and far-left — in a voting public that saw turnout jump 9 percent since the last election in 2016. Meanwhile, the PSOE may still struggle to govern, as there’s major opposition on the left to some of the smaller single-issue parties that could offer crucial, majority-making seats in any coalition. |