Spain’s Socialists hold the key to the next government after an inconclusive election but whether they reach a deal with the conservatives or team up with the anti-austerity party Podemos, they risk losing support, analysts say. Spain’s Socialists hold the key to the next government after an inconclusive election but whether they reach a deal with the conservatives or team up with the anti-austerity party Podemos, they risk losing support, analysts say.