"Spanish Socialists and Far-Left Sumar Form Coalition Government, Reinforce Banking and Windfall Taxes"

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Source: POLITICO Europe
"Spanish Socialists and Far-Left Sumar Form Coalition Government, Reinforce Banking and Windfall Taxes"
Photo: POLITICO Europe
TL;DR Summary

Spain's Socialist Party (PSOE) and the far-left Sumar coalition have signed an agreement to form a coalition government, which includes social measures such as job regulation and raising the minimum wage. However, the coalition does not secure a majority, so Prime Minister Pedro Sánchez still needs the support of smaller regional parties, including the Catalan separatist groups demanding amnesty and a new vote on self-determination. If Sánchez fails to secure majority support by November 27, new elections will be held on January 14, 2024.

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