Podemos’s Pablo Iglesias embraces PSOE’s Pedro Sánchez after signing the coalition agreement
Banks in Spain are bracing themselves for yet another big blow to their profits, thanks to the anti-establishment Podemos party’s moves towards forming a coalition with the centre-left socialists after Spain’s indecisive November election.
Podemos and its bank-bashing leader Pablo Iglesias have advocated higher corporate taxes, especially on banks, as well as a new financial transactions tax.
Podemos rose to prominence after the eurozone crisis on the back of popular anger against the Spanish establishment, especially banks.
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