Spain's Sánchez will not resign in 72 hours: anatomy of a hoax
A rumour is spreading that Pedro Sánchez will resign within 72 hours over the Ceuta affair. We look at why nobody believes it, not even his critics.
English · Original discussion in Spanish · Published
Sánchez will resign in 72 hours: the rumour nobody believes
In a matter of hours, a persistent rumour has begun to circulate: Pedro Sánchez will announce his resignation within 72 hours over the latest episode in Ceuta. The story has hoax written all over it, but it has still managed to spread through Spain's economic and political gossip circles. The question is whether anyone believes it. Judging by the reactions, the answer is a resounding no.
The precedent that demolishes the theory
The main reason for scepticism is the prime minister's track record. Critics point out that he did not resign when the DANA floods left Valencia buried in mud, nor when, according to reports, his brother was convicted, nor when his vvife had to hire a top incivil lawyer to avoid several charges. Why would he do it now over a migration issue? The logic answers itself.
Humour as a thermometer
The 72-hour deadline has become a joke. Some turn it into "72 million hours", an eternity that would make the wait impossible. Others quip that resigning over the weekend would be "working for free", and hyperbolic comparisons are not lacking: "he won't resign even if it's proven he's the Milwaukee killer". The irony is proof that nobody takes the announcement seriously.
Economic impact: none (for now)
In the markets, the rumour has not caused even a whisper. Political uncertainty usually punishes Spain's risk premium, but this episode has not generated any tension. An additional speculation suggests the police are working with projections of up to five million new residents by 2030, an unconfirmed claim which, if it came true, would have an incalculable macroeconomic impact. But the market remains unmoved.
The slap on the wrist for sources of "non-potable water" will remain an anecdote. The bottom line is that until there is official confirmation, the only resignation circulating will be that of the credibility of whoever started the rumour.
In a matter of hours, a persistent rumour has begun to circulate: Pedro Sánchez will announce his resignation within 72 hours over the latest episode in Ceuta. The story has hoax written all over it, but it has still managed to spread through Spain's economic and political gossip circles. The question is whether anyone believes it. Judging by the reactions, the answer is a resounding no.
The precedent that demolishes the theory
The main reason for scepticism is the prime minister's track record. Critics point out that he did not resign when the DANA floods left Valencia buried in mud, nor when, according to reports, his brother was convicted, nor when his vvife had to hire a top incivil lawyer to avoid several charges. Why would he do it now over a migration issue? The logic answers itself.
Humour as a thermometer
The 72-hour deadline has become a joke. Some turn it into "72 million hours", an eternity that would make the wait impossible. Others quip that resigning over the weekend would be "working for free", and hyperbolic comparisons are not lacking: "he won't resign even if it's proven he's the Milwaukee killer". The irony is proof that nobody takes the announcement seriously.
Economic impact: none (for now)
In the markets, the rumour has not caused even a whisper. Political uncertainty usually punishes Spain's risk premium, but this episode has not generated any tension. An additional speculation suggests the police are working with projections of up to five million new residents by 2030, an unconfirmed claim which, if it came true, would have an incalculable macroeconomic impact. But the market remains unmoved.
The slap on the wrist for sources of "non-potable water" will remain an anecdote. The bottom line is that until there is official confirmation, the only resignation circulating will be that of the credibility of whoever started the rumour.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (28 replies).
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