Pedro Sánchez faces sustained pressure on his minority government amid a string of corruption investigations and convictions involving PSOE figures, including the June 2026 sentencing of former minister José Luis Ábalos to 24 years in prison and ongoing cases linked to his wife and brother. His parliamentary support eroded further after Junts withdrew backing in late 2025, leaving the administration to operate under reconducted 2023 budgets and vulnerable to opposition motions, as seen in the non-binding June congressional resolution urging resignation. The late-July 2026 Ceuta migrant surge of over 70,000 arrivals triggered intense scrutiny of border management; September declassifications of intelligence documents intensified criticism by contradicting government claims of no advance warning. Sánchez has rejected calls to step down or call early elections, emphasizing economic growth and vowing to serve until the 2027 general election deadline, though ally defections or budget failures could accelerate a confidence vote or snap contest. These factors shape trader assessments of removal timelines before the next scheduled vote.