Spain: Podemos leader ready to give up power for new gov't

Spain's far left Podemos party leader Pablo Iglesias says he's prepared to give up his demand for the No. 2 government job in a deal to form a government with the center-left Socialist Party.

Iglesias made the declaration Wednesday after meeting with Socialist leader Pedro Sanchez in an attempt to break a three-month political deadlock following Spain's inconclusive Dec. 20 election.

Iglesias now says the deputy prime minister job could go to someone else from Podemos.

The Socialists have already made a deal with the business-friendly Ciudadanos party but need Podemos* support.

The conservative Popular Party won the most votes but did not retain its 2011-2015 parliamentary majority.

The Socialists were second, Podemos was third and Ciudadanos came fourth.

None of the three will ally with the Popular Party.