After announcing last Wednesday that he was considering stepping down as Spanish prime minister, Pedro Sánchez revealed this morning he was staying in the job so to fight for "the democratic renewal" of the country. In a move straight out of his favourite TV series Baron Noir, he has orchestrated another theatrical gesture or 'golpe de efecto' so as to rally the Left and upend the current terms of political debate in Spain. If he has regained the initiative, the question is how long will this last?

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