, Columnist
Spain’s Socialists Show Italy How to Do It
You can help the left-behind without making a mockery of the fiscal rules. The problem for populists is trying to keep everyone happy, rich and poor.
The contrast between Spain's Socialists and Italy's populists couldn't be more stark.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
You can’t say Pedro Sanchez isn’t trying.
The Spanish prime minister is running a minority government, with his Socialist Party holding less than one-quarter of the seats in parliament. Undaunted, he’s trying to cobble together a budget that would raise the deficit targets set by his center-right predecessor Mariano Rajoy.