Should Investors Now Be Worried About Spain?

Hot off the back of Italian political turmoil, Spanish Prime Minister Mariano Rajoy has been forced out of office

Emma Wall 4 June, 2018 | 12:26AM

Socialist Pedro Sanchez was sworn in as Spain’s prime minister on Saturday

Socialist Pedro Sanchez was sworn in as Spain’s Prime Minister on Saturday following the ousting of former leader Mariano Rajoy. Sanchez, the seventh Prime Minister of Spain since the end of the Franco dictatorship in 1975, is the first premier to come to power without a national vote for parliament.

The reshuffle was triggered by a scandal involving Rajoy's centre-right People's Party, which saw former PP members handed jail sentences this month for their part in the long-running Operacion Guertel corruption case.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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