Market Analysis
On Monday, Spanish Prime Minister Pedro Sánchez declared his decision to continue serving as the country's leader after a period of contemplation about his future. Sánchez conveyed his choice to King Felipe VI.
His determination to remain in office concludes a tumultuous week in Spanish politics, marked by the looming possibility of another contentious parliamentary vote for a new prime minister or a fourth general election in five years.
Sánchez, aged 52, caught both adversaries and allies off guard last Wednesday when he announced his intention to step back from public duties for a few days to ponder resignation, sparking significant demonstrations from his supporters over the weekend.
His announcement coincided with a court's decision to launch an investigation into his wife, Begoña Gómez, over allegations of influence peddling and business corruption, which Sánchez dismissed as false and politically motivated by his conservative rivals.
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