Popular Party leader Mariano Rajoy is poised to become the next prime minister of economically embattled Spain, with his ascension assured after the ruling Socialist Party's candidate conceded Sunday's national election.
Alfredo Perez Rubalcaba made the concession before a somber crowd of Socialist Party supporters - a stark contrast to the raucous, celebratory crowd gathered outside the Popular Party headquarters in Madrid.
According to updates from about 10:30 p.m. (4:30 p.m. ET) on the interior ministry website - at which point over 87% of all votes had been counted - the Popular Party had about 9.4 million votes (44% of the total votes counted) and was leading in the races for 187 seats in parliament. That compares with the just over 6 million votes for the Socialist Party, giving it an advantage in 110 legislative contests.FULL STORY