Spain’s new anti-austerity Podemos and market friendly Ciudadanos have made gains in local and regional elections at the expense of mainstream parties.<br /><br /> New parties in Spain win strong support in local elections, exit poll indicates: http://t.co/uqbCf1NUtd— The Associated Press (@AP) May 24, 2015<br /><br /> In Madrid , Prime Minister Rajoy’s People’s Party (PP) looks set to lose out to a leftist coalition for the first time in 24 years..<br /><br /> Podemos (“We Can” ) leader, Pablo Iglesia explained what he thought was the significance of Sunday’s vote:<br /><br /> “It’s a magic night in Spain. And probably these days are the starting days for the change. After the European elections I said the change is possible in Spain and now it’s a reality. I think this spring of change that will bring us to the victory in elections in November against Spanish PP (People’s Party).”<br /><br /> The Spanish economy has been a key concern for voters and many are enraged over public spending cuts and reports of political corruption.