Spain’s Prime Minister Mariano Rajoy is facing renewed pressure to step down after the country’s El Mundo newspaper reported on Monday that he had sent supportive text messages to his party’s disgraced ex-treasurer for two months after the eruption of a corruption scandal.
Luis Bárcenas, the former treasurer of Rajoy’s Popular Party(PP), is in custody facing trial for corruption and tax fraud, which he denies. Rajoy similarly denies any involvement and says the party never received illegal payments from a slush fund run by Bárcenas.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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