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Socialist Pedro Sanchez named Spain’s new Prime Minister

Prime News, International, Madrid, June 1:- Socialist Pedro Sanchez took over as Spain’s Prime Minister on Friday, after outgoing leader Mariano Rajoy lost a Parliamentary confidence vote triggered by a long-running corruption trial involving members of his centre-right party.
Socialist party head Sanchez becomes Spain’s seventh Prime Minister since its return to democracy in the late 1970s following the dictatorship of Francisco Franco.

But Rajoy’s departure after six years in office casts one of the European Union’s top four economies into an uncertain political landscape, just as another – Italy – pulled back from early elections.

Sanchez won Friday’s no-confidence motion with 180 votes in favour, 169 against and 1 abstention.

He suggested on Thursday he would try to govern until the scheduled end of the Parliamentary term in mid-2020. But it is unclear how long his administration, with only 84 Socialist deputies in the 350-member Legislative Assembly, can last.
With most Spanish parties and Sanchez himself being pro-European, investors however see less broader political risk there than in Italy.
Sanchez, who is expected to be sworn in by Monday and appoint his cabinet next week, has promised to start talks with the Catalans but said he will not give them an independence referendum. –(Inputs: Agencies, NGB)

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