Spain's €77M debt fund targets national team days before World Cup
Fund Blasket, to which Spain owes €77 million from a renewable energy subsidy cut, has registered a US court ruling to seize payments to Spain's football federation and sponsors including Adidas, escalating pressure just days before the 2026 World Cup.
Housing prices up 12.9% as rental law cuts supply
Spanish housing prices rose 12.9% in Q1 2026, marking 11 consecutive years of increases, despite a 2.2% drop in sales. Meanwhile, a FEDEA study found that Spain's rental law moderated price hikes in tension zones but sharply reduced supply, increasing competition among tenants.
ECB to raise rates to 2.25% over Iran war inflation
The European Central Bank is expected to hike rates by 25 basis points to 2.25% on June 11, its first rise since the Iran war, as eurozone inflation reaches 3.2%. The move will increase borrowing costs for mortgages and loans despite weak economic growth.
Non-EU travelers face long airport queues under new EES system
Ryanair warns that from April 10, non-EU passport holders will face extended waits at Schengen borders due to the Entry/Exit System, which requires biometric checks including fingerprints and photos. Routes from the UK, Ireland, and other non-EU countries will be most affected.
Sánchez to testify on corruption cases amid PSOE scandal
Prime Minister Pedro Sánchez will appear before Congress on June 24 to address judicial cases affecting his party, after police raided PSOE headquarters. Former PM Zapatero has also been summoned as a suspect in the Plus Ultra influence-peddling case.
Iran and Israel agree to cease cross-attacks
Iran and Israel have agreed to halt their mutual attacks, following pressure from the Trump administration, 100 days into the conflict that began with Israel's war on Hamas and Hezbollah.
Senior Polisario leader killed in Moroccan attack
Lahbib Mohamed Abdelaziz, son of the Polisario Front founder and a member of its Secretariat, was killed along with two other fighters in an attack by Moroccan forces in Western Sahara.
UGT cancels transport strike after retirement deal
UGT union has called off the planned indefinite strike for truck drivers after the Social Security secretary agreed to review early retirement requests for the sector. The strike was initially set for June 22.
Spanish tax deadline June 30: 3.2% more filers to pay
Spanish taxpayers have until June 30 to file their IRPF (income tax) returns. In Aragón, 820,000 declarations are expected, with 272,660 resulting in payment (up 10.4%) and 504,162 in refunds (down 2.3%).