KEY POINTS
  • Spain's Prime Minister Pedro Sanchez has called for the Spanish Parliament to be dissolved and for an early general election.
  • The vote is set to take place on July 23 and follows heavy losses by Sanchez's ruling Socialist party in the Sunday regional elections.
  • "Although yesterday's elections had a municipal ... scope, the sentiment of the vote carried a message that went beyond that," Sanchez said in a press briefing, according to a CNBC translation.
"I took this decision in light of the results of the elections held yesterday," Spain's Prime Minister Pedro Sanchez said in a televised press briefing, according to a CNBC translation.

Spain's Prime Minister Pedro Sanchez has called for the Spanish Parliament to be dissolved and for an early general election to be held on July 23.

Sanchez said he had informed Spain's King Felipe VI of his intentions.