There has been a series of new twists in the deepening Italian political crisis. Prime Minister Conte resigned after President Mattarella vetoed the appointment of Paolo Savona as minister of the economy. The president subsequently assigned the task of forming a government to [former IMF official] Carlo Cottarelli.

On 24 May, the Spanish National Court finally ruled on the Gürtel corruption scandal. The verdict condemned the former treasurer of the ruling Popular Party (PP) and other high-ranking members for an illegal ‘kickbacks-for-contracts’ scheme, and also determined the party as a whole had benefited from corruption. The Socialist Party (PSOE) responded by filing a no-confidence motion, which will be discussed on 31 May and 1 June and could bring the government down after seven years in power.