Conservative Popular Party candidate Mariano Rajoy, centre jumps alonside his wife Elvira Fernandez Balboa, 2nd right and party members after winning the general elections, in Madrid, Sunday Nov, 20, 2011. (AP Photo/Paul White)
Conservative Popular Party candidate Mariano Rajoy, centre jumps alonside his wife Elvira Fernandez Balboa, 2nd right and party members after winning the general elections, in Madrid, Sunday Nov, 20, 2011. (AP Photo/Paul White)
Supporters of conservative Popular Party wave party and spanish flag next to their party headquarter as they celebrate the first results in the national election polls Madrid, Spain, Sunday, Nov. 20, 2011. (AP Photo/Emilio Morenatti)
Spain's Socialist candidate Alfredo Perez Rubalcaba, looks down during a press conference announcing that Spain's ruling Socialists concede defeat in general elections, marked by economic crisis, in Madrid, Sunday Nov, 20, 2011. (AP Photo/Daniel Ochoa de Olza)
Conservative Popular Party supporters wave flags while waiting for the results of the general elections, in Madrid, Sunday Nov, 20, 2011. (AP Photo/Paul White)
Spain's Socialist party candidate Alfredo Perez Rubalcaba speaks during a press conference announcing that Spain's ruling Socialists concede defeat in general elections, marked by economic crisis, in Madrid, Sunday, Nov. 20, 2011. (AP Photo/Daniel Ochoa de Olza)
MADRID (AP) ? Spain's conservative Popular Party has landed itself the gigantic task of lifting the country out of its worst-ever economic crisis following an overwhelming and historic victory in the general election.
The result and promised change in political direction failed to lift financial markets in Spain on Monday with Madrid's key Ibex index down 1.2 percent in early trading.
With the vote count completed, the Popular Party won 186 seats compared with 154 in the last legislature. The Socialists plummeted from 169 seats to 110, their worst performance ever.
"There won't be any miracles. We never promised any," said triumphant Popular Party leader Mariano Rajoy in his victory speech.
"But as we have said before, when things are done properly, the results come in," he added.
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