Spanish Premier Hints Bank Windfall Tax Could Be Permanent

Spanish Prime Minister Pedro Sanchez signaled that his government may make permanent a two-year windfall tax on banks.

“In principle, it is temporary, but we will have to see over the coming months and years,” Sanchez said during an interview with the La Sexta television channel on Thursday when asked if the tax will remain in place after the two-year period expires. It was the first time he publicly said this is an option.