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European Debt Crisis

Spain's prime minister is out; Socialist PM is in

Spain's prime minister is out; Socialist PM is in

Socialist party leader Pedro Sanchez is set to become Spain's new prime minister after a no-confidence vote in parliament Friday unseated Mariano Rajoy's conservative government. The incoming leader vowed to address Spaniards' "social urgencies" after years of austerity.

Sanchez, until now the leader of the largest opposition party, could be sworn in by King Felipe VI as early as Saturday and appoint his Cabinet over the coming days.

Sanchez, 46, takes the helm of the 19-country eurozone's fourth-largest economy at a time when the European Union has to resolve numerous problems, including the United Kingdom's departure from the bloc and political tension over...

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