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Sanchez Caves to Anti-Establishment Left in Bid to Run Spain

  • Podemos signs accord as Sanchez builds his coalition
  • Acting premier still needs 21 votes to claim second term
Pedro Sanchez, left, and Pablo Iglesias shake hands during a press conference in Madrid on Nov. 12.

Pedro Sanchez, left, and Pablo Iglesias shake hands during a press conference in Madrid on Nov. 12.

Photographer: Gabriel Bouys/AFP via Getty Images

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Spain’s acting prime minister, Pedro Sanchez, signed a coalition with the anti-establishment party Podemos on Tuesday as he seeks to end months of political gridlock in the euro area’s fourth-biggest economy.

Sanchez is trying to salvage the prospects of a progressive government in Spain after his electoral gamble backfired in Sunday’s election. He’ll still need to bolt on additional support before he can take office for a second term.