According to the EFE news agency, Felipe VI is expected to hold a meeting on Monday with the leaders of eight political parties, including Pedro Quevedo from the small New Canarias group. On Tuesday, the king will meet the leaders of the parties that finished in the top four positions in December's general election.
Following these consultations, Felipe VI should nominate a new candidate for prime minister to be voted on by the congress of deputies. New elections could be held on June 26 if the parties fail to find common ground before the May 2 deadline.
The right-wing People’s Party (PP), led by acting Prime Minister Mariano Rajoy, won 123 seats in the lower house of parliament, 64 less than in the previous election. Spanish Socialist Workers' Party (PSOE) won 90, and Podemos came third, securing 69 seats.
At least 176 seats are required for a parliamentary majority, necessary to form a government.
After nearly four months of negotiations the Spanish parliamentary parties have been unable to form a coalition in order to get the required number of seats.