UPDATED: Zapatero wins Spanish election

UPDATED 0001 hrs

PSOE win with  169 seats - the original projection was overly optimistic. PP: 154

CiU: 10

PNV: 6

IU:2

ERC: 3

To me, this looks like a victory for the right in Spain. The PSOE have maintained their government but IU have practically disappeared, as have ERC.

Information about the political parties contending these elections.

So Zapatero is returned as PM. It's unlikely that they'll have the 176 they're hoping for.

ERC have dropped by half. I was asked the other day what was the cause of this drop and I answered: abstention and dissatisfaction. I'll add that their posters were crap too.
Actually it's looking like a rout for ERC.

PP: A poor result. Rajoy will probably be out. This will bring about the completion of the right-wing's victory in the party. Esperanza Aguirre looks to be the PP's new star in parliament.

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Updated:

Ciudad Real goes from PSOE to PP

Balearic Islands go from PP to PSOE (... or maybe not)

Almería goes from PP to PSOE

Canary Islands  go from PP to PSOE

--  I couldn't really keep up with this bit. Apparently, Andalucia has gone to the PSOE, again.

Zapatero and the PSOE have won the Spanish elections.

Rajoy has given his thank you speech.

Llamazares, leader of Izquierda Unida has resigned. What about Rajoy?

Izquierda Unida down to 2 seats.