Sanchez Holds the Upper Hand in Talks With Spanish Rival

(Bloomberg) -- Spain’s acting Prime Minister Pedro Sanchez needs deputies from Podemos, an anti-austerity party, to back him in a parliamentary vote this week to enable him to form a government. Pablo Iglesias, Podemos’s leader, is trying to persuade Sanchez to give his party seats in the next cabinet. A failure to reach an agreement could mean new elections and that would be a risky outcome for Iglesias. Riven by internal disputes, his party has been shedding supporters and may lose more if voters go back to the polls.

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