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Spain's Socialist Opposition Name New Leader

Source: Bloomberg - Mon 14th Jul 2014
Spain's Socialist Opposition Name New Leader

Pedro Sanchez, elected leader of Spain's opposition Socialists yesterday, said he'll strive to build a "solid and strong" party that can win back power from PM Mariano Rajoy.

"We are going to build a winning project with a renewed executive, and above all we are going to build a solid and creditworthy left-wing project," Sanchez, 42, said in an interview with Cadena Ser radio in Madrid today.

Sanchez won a vote to become general secretary of the PSOE with 49% support compared with 36% for 2nd-placed Eduardo Madina, according to results on the party's website. Sanchez faces the task of rebuilding the electoral prospects of the Socialists, whose 2011 election defeat saw Rajoy's Partido Popular emerge to govern Spain with the biggest parliamentary majority in three decades.

Alfredo Perez Rubalcaba, who led the Socialists into the 2011 vote, announced his decision to step down in May after European elections in which the party lost almost half its support.

Sanchez, a father-of-two who was born in Madrid in 1972, holds a doctorate in economics and business studies from Camilo Jose Cela University, according to his website. He has worked in consultancy roles and for the United Nations and European Parliament, according to his biography on parliament's website.

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* Spain's embattled socialists set to elect new leader

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