Spain's Prime Minister Pedro Sanchez on Monday said that after a period of reflection about his future he had decided to continue as the country's leader.

Sanchez said he had informed King Felipe VI of his decision.

His decision to continue draws a line under a week in which Spanish politics was thrown into further turmoil by the prospect of facing another parliamentary vote to choose a new prime minister or even a fourth general election in five years.

Sanchez, 52, surprised both foes and allies alike when he said last Wednesday he was taking several days away from public duty to consider quitting, provoking large demonstrations from his followers in the country over the weekend.

He made his announcement on the same day a court said it would investigate his wife, Begona Gomez, for influence peddling and business corruption, allegations he said were false and orchestrated by his conservative opponents. (Reuters)