The raid on Ferraz

Agents from the Unidad Central Operativa (UCO) of the Guardia Civil entered the PSOE's federal headquarters on Calle Ferraz in Madrid on Wednesday, executing a judicial request for information that lasted more than 12 hours. The operation, which the PSOE's unofficial spokesman Minister Óscar Puente described as a request for information rather than a search, is part of the so-called SEPI case, where the party's manager Ana Fuentes has been charged alongside the alleged 'fixer' Leire Díez. More than 100 journalists gathered outside, with National Police officers clearing the pavement in front of the building's main entrance, creating what one report called an image of collapse broadcast live.

“It was a request for information and not a search.”

A party in shock

The raid is the latest in a cascade of judicial actions against the ruling party. Just days earlier, former Prime Minister José Luis Rodríguez Zapatero was indicted for alleged influence peddling and related offences. Party sources admitted the rank-and-file are in a state of shock, with one Sumar official describing the PSOE as "in shock" and "paralysed". The accumulation of cases — including the jury trial of Begoña Gómez, the trial of David Sánchez, and the pending verdict in the Masks case — has led senior PSOE figures to allege a coordinated campaign.

“Everything is perfectly designed, nothing is accidental and there is indisputable evidence: many very powerful people want to finish off this government.”

Coalition partners demand action

Sumar, the minority coalition partner, expressed resignation and growing frustration at the legislative paralysis. Officials described a "dialogue of the deaf" with the PSOE, warning that "there is nobody on the other side". While Sumar's strategy remains to stay in government, they are pushing to reactivate the legislative agenda, including a stalled lobby law and anti-corruption measures agreed a year ago. Compromís, whose support is crucial for the government's survival, reiterated that its red line for breaking with the executive is the existence of illegal financing.

“The red line for breaking with the Government of Spain is that there was illegal financing.”

Opposition calls for elections

PP leader Alberto Núñez Feijóo described the situation as "extremely serious" and "agonising", repeating his call for early elections. While the PP is exploring options including a motion of no confidence, party officials declined to reveal their strategy publicly. The PNV and Junts have also called for early elections, while Yolanda Díaz and Pablo Bustinduy advocate for completing the legislature. Within Sumar, some voices are proposing to present the budget immediately and call elections if it is rejected.

“The situation we are experiencing is of extreme gravity, even agonising.”

Regional silence and electoral fears

In the Valencian Community, the PSPV and Compromís maintained an unwritten pact of silence, issuing only pre-planned statements on unrelated matters. Among socialist mayors, there is panic that Prime Minister Pedro Sánchez may try to hold on and call a "super-Sunday" of elections. Party insiders insist that the further apart elections are, the better, though optimists believe the crisis could unite the base to avoid an electoral debacle. They also maintain that the circumstances in the Valencian Community make it impossible to analyse the situation in the same way as the rest of Spain.