https://www.bloomberg.com/news/articles/2023-05-30/what-sanchez-s-july-spain-vote-gamble-could-mean-for-investors
''Dirty Pete''
What Spanish PM Pedro Sanchez’s July Elections Gamble Could Mean for Investors
bloomberg.com/news/articles/2023-05-30/what-sanchez-s-july-spain-vote-gamble-could-mean-for-investors
Macarena Munoz Montijano
Politics
What Sanchez’s Spain Vote Gamble Could Mean for Investors
Spanish taxes, housing policy, windfall levies all in focus
Citigroup sees potential PP victory a small positive for bonds
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WATCH: Prime Minister Pedro Sanchez is betting that he can exploit the quirks of Spain’s fractured political landscape. Maria Tadeo reports.Source: Bloomberg
By
Macarena Munoz Montijano
May 30, 2023 at 4:19 AM EDTUpdated onMay 30, 2023 at 7:59 AM EDT
Spanish Prime Minister Pedro Sanchez has called a snap election for July 23 after his Socialist party suffered heavy losses in regional and local elections on Sunday.
One outcome of a potential victory for his right-wing People’s Party opponents could be more business-friendly policies and moves to trim taxes, said Lluis Orriols, a professor of political science at Madrid’s Carlos III University. “The coordinates of a PP government would tend to point to less fiscal pressure,” he said.
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