Social media owners should be held responsible for "poisoning society" and eroding democracy with their algorithms, Spanish Prime Minister Pedro Sanchez told the World Economic Forum in Davos on Wednesday.

Spanish Prime Minister Pedro Sanchez on Wednesday proposed ending anonymity for social media users and forcing tech tycoons to provide accountability if their platforms "poison society".

Spain’s Prime Minister Pedro Sanchez said the EU should put an end to anonymity of users in social media platforms and hold their CEOs personally accountable if they fail to comply with the bloc’s regulations.

The country is at the forefront of a wider crunch spreading across Europe, and its prime minister has proposed a 100 percent tax aimed at foreign real estate investors.

As Spain continues dealing with a nationwide housing crisis, its government has proposed an unconventional fix to the problem — and one that will not please foreigners. Spain has announced plans to implement a 100% tax on homes purchased by non-European Union residents,