Mariano Rajoy announced on Tuesday evening that he had told King Felipe he did not have enough parliamentary support to attempt to become the new Prime Minister of Spain.

He denied the past four months had been a failure, that "Podemos in government would have been worse", and said it was up to Spaniards to choose the best candidate at a new general election: "I am a realist, dash optimist".

Mr. Rajoy said the Popular Party had made "the best proposal for Spain" after the general election on December 20, 2015: "a grand coalition government capable of generating stability and confidenc...