As Spain’s national parliamentary election results came in on Sunday night, TV news commentators repeated two concepts with notable frequency: “fin del bipartidismo” and “ingobernabilidad.”

Specifically, they noted that the Spain was ending its 33-year period with two party rule. Is the Eurozone’s fourth-largest economy threatening to become ungovernable, just as it emerges from a humiliating bailout and its worst economic crisis in over 20 years?

In an election with a turnout of 73%, current Prime Minister Mariano Rajoy’s center-right Partido Popular (PP) won 123 seats in the 350-seat congress, down from the 186 seats it won in the previous elections. Its historic rival, the center-left Social Workers Party (PSOE), ended up with 90 seats, down from 110. And two young parties launched to upend the old order—the leftist Podemos (We Can) and the liberal Ciudadanos (Citizens)—won 69 and 40 seats respectively.

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