Spanish Prime Minister Pedro Sanchez told CNBC that a government led by his Socialists Workers' Party remains the only option for a future political coalition in Madrid.
Since then, under the terms of the country's constitution, Sanchez has accepted a commission from the Spanish monarch, King Felipe VI, to try and form a new government.
Sanchez dissolved Spain's previous parliament in mid-February after Catalan separatist lawmakers had refused to vote in favor of the legislative framework for his government's budget proposals. Now they and other smaller regional parties are insisting on onerous and often conflicting terms for their respective participation in any Socialist-led government, ahead of parliamentary votes to approve Sanchez as prime minister that are provisionally scheduled to happen in mid-July.
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