Both the Financial Times and Bloomberg, the two most important newspapers internationally in the world of economics, have reported on the disciplinary proceedings against Spanish foreign minister Josep Borrell conducted by the CNMV (National Stock Market Commission). The pair see Borrell as a new problem for the young government, after the resignations of ministers Màxim Huerta and Carmen Montón.
Borrell was investigated for ordering the sale of 9,030€'s worth of shares (£8,000; $10,000) held by someone close to him in Abengoa, a renewables company, when he was a board member and so had access to private information.
The Financial Times describes it as "another blow to the Socialist government of Pedro Sanchez". They also note that the government, which only came to power with a narrow majority, "has been hit with a series of scandals in recent months, with two ministers resigning since it took power in June".
Spanish foreign minister sanctioned by securities regulator https://t.co/gAryvtxdrr
— Financial Times (@FT) 10 d’octubre de 2018
As for Bloomberg, they suggest that "with control of just a quarter of Parliament, Sanchez has struggled to make his mark". "Since ousting the scandal-ridden government of Mariano Rajoy", they write, the Spanish government has "been hit by a series of allegations against ministers".
Spain’s securities regulator sanctions Foreign Minister Josep Borrell over a share sale -- a further blow to Pedro Sanchez’s fragile government https://t.co/2chdyCTjok
— Bloomberg Politics (@bpolitics) 10 d’octubre de 2018