httpv://www.youtube.com/watch?v=WsUQvKS6x74

Conservatives in Spain are celebrating a landslide victory.

Spain's Popular Party leader Mariano Rajoy has told supporters their country's voice must be respected again, after a resounding election win.

At the end of a campaign dominated by the debt crisis, the centre right PP secured 186 seats in the 350-seat lower house of parliament. However, Spain's borrowing costs continued to mount on Monday and the stock market fell by 3 percent.

Mr Rajoy said: "There won't be any miracles. We never promised any." Speaking outside party headquarters in central Madrid, he assured his audience: "We will stop being part of the problem and will be part of the solution."

On the other hand - Spain's outgoing Prime Minister Jose Luis Rodriguez Zapatero, who is still secretary general of the Socialist Party said, " We have been living as a very rich country,"