Spanish Prime Minister Pedro Sánchez reshuffled his cabinet after Transport Minister Óscar Puente resigned following two deadly train crashes. The incidents resulted in 115 fatalities and intensified scrutiny of railway safety and political accountability. The reshuffle has fueled speculation about possible instability within Sánchez’s government. Market pricing also points to a greater likelihood that Sánchez could leave office before the end of 2026, while upcoming political statements and the investigation into the crashes could affect his position.
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