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Reuters
Reuters
Business
By Belén Carreño

Spain's PM tightens grip on power with bank tax pledge, approved bills

FILE PHOTO: Spain’s Prime Minister Pedro Sanchez arrives for the state of the nation debate in parliament in Madrid, Spain, July 12, 2022. REUTERS/Susana Vera/File Photo

After several setbacks in regional elections, Spanish Prime Minister Pedro Sanchez scored a rare legislative success as parliament passed three key bills late on Thursday, reinforcing his political strength despite galloping inflation, analysts said.

Coming on the back of his vow to slap extraordinary taxes on banks and power firms, which solidified support on the left, his stronger standing boosts Sanchez's chances to at least see out out his term through end-2023..

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