Spain's former Prime Minister Mariano Rajoy said on Tuesday he would stand down as leader of the People's Party (PP) after his party was ousted from government in a no-confidence vote from Socialist leader Pedro Sanchez.

"It's best for me, best for the party and best for Spain," Rajoy said to a standing ovation from party members.

The Socialists replaced the PP as the country's leaders on Friday after parliament passed a no-confidence motion against Rajoy over a slew of corruption cases.




REUTERS