Spain: Prime Minister Mariano Rajoy forced out of office
Friday, June 01, 2018
Socialist leader Pedro Sánchez, who filed the motion after Mr Rajoy's party was implicated in a corruption scandal, will become prime minister.
"We're going to sign a new page in the history of democracy in our country," Mr Sánchez said ahead of Friday's vote.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...