Politics
Money talks
Spain’s prime minister Pedro Sánchez faces the biggest challenge of his term today when parliament finally votes on his much-delayed budget, an ambitious rise in public spending to support a raft of social programmes. It’s not looking promising: his minority government depends on the support of Catalonian pro-independence parties but they might abandon him at any moment (particularly as a dozen former Catalan leaders are currently facing trial in Madrid). There are also concerns that the budget is unrealistic for a country with a debt-to-GDP ratio of 98 per cent and an unemployment rate of almost 15 per cent. If no agreement is reached, Sánchez will call a snap election – and Spain could see its third prime minister in less than a year.